All Forum Posts by: Jonathan Steingraber
Jonathan Steingraber has started 4 posts and replied 5 times.
Post: Real Estate Investor/Club Owner in New Jersey

- Union, NJ
- Posts 9
- Votes 8
Hi everyone! I invest in Union/Middlesex/Somerset Counties. I do mostly full gut renovations and recently I'm working on single family new builds. I am typically working on 5-8 rehabs at any given time. I'm currently renovating a 15,000 square mansion in a historical district of Plainfield, have 2 houses listed that I had renovated, 1 commercial deal under contract and 3 single families in renovation. I'm also working on subdividing a double-lot in Westfield and building two new constructions homes.
I'm a licensed realtor in NJ & CA and soon to be in NY. I also own multi-family properties that cash flow. I've invested a lot of money, time and energy into my education and in my business. I started out back in 2007. I'm 30 years old now and have been working smart and hard for almost 10 years now in the real estate business. I didn't take the traditional college degree route, instead I jumped right into real estate and I got mentoring from some of the top investors in the country. I am very grateful for them and for all the opportunities that the real estate business offers us.
Back in March of 2008 I started a real estate club called The NJ Real Estate Social Network. We've been having live meetings every 2nd Wednesday of the month since then. About 200 of us get together on a monthly basis at The Westwood in Garwood NJ (Union County) from 6-10pm. If you're interested in being part of our awesome community visit NJRESN.com. Our theme is "SEEK TO SERVE". We believe in helping one another vs being competition. There is enough money and deals to go around for everyone.
I believe anyone can do this business if they put their mind to it, they focus and surround themselves with the right people. I wasn't brought up in a household of entrepreneurs or real estate investors. In fact, my parents rented their whole lives but I've learned it only takes one generation to build wealth and it can last for many generations if you pass down both a financial legacy and an educational one. That is my intention.
I look forward to this forum, thank you.
Post: Have you ever partnered with the homeowner on new construction?

- Union, NJ
- Posts 9
- Votes 8
I'd like to throw this out here to see if anyone has any input. I have an opportunity to partner with a homeowner that has a house on a double-lot. We have a very high chance of subdividing. He has multiple cash offers on the table. One is from a builder for $200k more than my offer but when I brought up the idea of partnering on the deal with him so he could make more money than just selling it outright he loved the idea. So basically we would have a contract that allowed me to subdivide his lot, then knock down his house and build two houses and we would split the profit. I've done a financial analysis and he will make $250k more by partnering rather than selling and it creates an opportunity for me to be able to do the deal vs losing out to a builder. Has anyone ever done this before? What terms should I consider etc? Any ideas would be appreciated. Thanks.
Post: Where should we bank?

- Union, NJ
- Posts 9
- Votes 8
Post: Raising money from private lenders

- Union, NJ
- Posts 9
- Votes 8
Post: Is fortune builders mastery program legit?

- Union, NJ
- Posts 9
- Votes 8
I recommend asking people that actually invested in the program. If you were buying a franchise, for example a subway, I don't think it would be a good idea to take advice from the local deli owners. The smart thing would be to find people that have already invested in their systems and ask them what they think. Ask a few of them. If you go to FBWINS.com they have hundreds of testimonials, me being one of them. It's good advice to take people out to lunch, go to your local REIA (I own one in NJ, ), and read books. I just don't agree that a few books and lunches is enough to really be educated on how to do this business at high level. I guess it all depends upon your goals but the best advice I could give you is to ask people that did it already not those that haven't. Also, always see if the people that are giving you advice are actually doing the business and how active they are. My site is [LINK TO PERSONAL SITE REMOVED] to get a glimpse of some of the stuff we've done. Good luck with everything and if you're ever in NJ stop by our club. It's every 2nd Wednesday of the month at 6-10pm at The Westwood at 438 North Ave in Garwood NJ 07027.