All Forum Posts by: Joshua Nash

Hello, BP, I am a new investor. I was wondering, for the very experienced, longsuffering investors here; who would like to share their prices, costs, and returns on their first few deals. Let's say the first 5 deals. Flips or rentals or whatever you did, I am very curious to know what happened in general. I am wondering what the average investor can typically expect for a return when they do their homework. I'm not rushing in. I've been studying up on everything almost to a fault. I am flipping my #1 now and I am looking forward to #2. Especially if I manage to turn a profit on it.

Thank you all. Thanks to the author as well. I suppose I'll order that book. I have read Rehab Investing Bible and I liked that one too. I need to focus on this one task of estimating the rehab however, so it works out.

Hello, BP! Does anyone have an idea how much they would estimate a full gut and renovation of an older 4 Bed 2 Bath home would be? Located in central NJ. Just under 2000 SF. Lower middle class area with similar homes sold at around $295k. This would be a full gut, new electric, plumbing, sheet rock, rebuilt stairway, and more? I'm looking for a range to consider with. I have architect prints.

Forgot to say that I'm also a RE agent

Looking to Meet and Network with other RE investors. New to the game. Very serious about it. Read over 30 books on investing and real estate. I'm in the middle of my first flip now.

No HELOC. No as-is equity of course.

I was just hoping that there is a lender out there that will be less restrictive

not really actually

Hello, Everyone,

First, thanks in advance for reading. Here is my problem... I bought my first investment property years ago. My plan was to fix it up myself but that is not working out and I need to get a loan together. I still owe $128k on the property and I estimate the ARV to be about $290k with about $60-100 (will narrow costs down soon) estimated repair/remodel costs. One issue is that I have already gutted the kitchen and some walls. The second issue I am running into is that some of the construction loan providers I am finding have very strict limits such as only offering to pay 50% (or 65%) of the AS-IS value for existing loan buyouts, and/or a limit on construction costs. I am hoping that this is not the norm, and I can find a loan provider who will pay ALL the loan and construction costs and base everything on the ARV and forget the AS-IS nonsense. Does anyone know of such a lender?

this is for a home renovation in central nj