All Forum Posts by: Mark Moore

Please provide referrals for an accountant in Monmouth County, New Jersey.  Preferably in Howell/Freehold area.  Northern Ocean Co. OK, too.  This is to file 2016 personal and then handle 2017 small business filings, etc.  

Thanks fellow BP colleagues. 

I think that you'll benefit from appreciation and interest in the area. However the risk comes from competing against the amenities and buzz that the bigger developers can offer. Strategically I would try for locations very close to new development so you get the full effect of their coat tails. Offering just below their price point could help attract the tenants who want to be close to the new action without paying full price. Good question! Best wishes.

Thanks for sharing this example in SNJ. I'm curious how long the property had been listed by the bank and how much the former owner had owed. I'm seeing REOs in my area of SNJ (Monmouth County) priced unrealistically high - as though the 'R' in ARV had already been done and the bank was selling retail. Once again, best of luck on your project!

Andrew, I have familiarity with these issues. There are a lot of variables: exactly what type of flood zone it is, how much and which part of the property, how the lots and building envelopes might be laid out. Also, if a portion of the land is in a flood plain you might have wet lands to deal with at local and NJDEP. If you pursue the deal you'll eventually need a civil engineer, which I am not, but I could help you find one. For now I would be happy to take a look and give first impressions. I get a big kick out of land development. If interested let me know. Mark Moore

Agreed, Natalie.  I hope you get a quick sale for a good price.  Look forward to hearing how it comes out.

Andrew, Thanks for the detailed information. I'd be happy offer guidance. I'm a long-time project manager in commercial develoment for large companies and like you am looking for a first deal in a smaller residential property - SOON! I'd like to meet you in your area and see what we might do together, no obligation. I can help with the following: site selection, due diligence, design, permitting, and construction. Please let me know if you are interested in getting together. Mark Moore

Natalie, I definitely think it is great idea. You're also Corey in calling local building official. Although my NJ experience is that what you are describing does not rise to level of permit, but better to get off on a good foot with local authorities having jurisdiction (AJHs). Also you probably need a Certificate of Occupancy, so building department would be getting involved anyway. The closet itself adds value, as does meeting the technical requirements of a legal bathroom. I also agree with the idea in another post that a small sink is a good idea. Definitely needs a permit. Princeton is such a nice community that I bet you'll get back every penny of the cost of the improvement and then some. Might be the thing that make a buyer fall in love with the home. If you want any project management help with design, permitting, or construction please contact me. Princeton is close by. Best wishes. Mark

Wow, Michael! The place and numbers look great. I'm guessing you bought at about a 20% cap rate and the apartments only need cosmetic improvements! Congratulations. If you ever need project management help I'd be happy to team up with you. Mark

Thanks for response James!  I emailed you a possibility this morning (3/10/2017).  Please check it out and let me know what you think.

I bring opportunities in Monmouth County, NJ, especially in Marlboro Township and provide you with the benefit of 25 years of experience in all aspects of development:

• Finding properties - land, teardowns, substantial remodels/additions, lot splits and subdivisions
• Performing Due Diligence - All authorities having jurisdiction, especially zoning.  I sit down with the officials and get the read on likelihood of approvals; moving beyond process, schedule and fees.
• Leading the Land Use and Permitting Process - I have won scores of approvals before governing bodies in multiple jurisdictions around the country and having been trained as an architect and managed engineers and planners, know how to put together a winning team.
•  Managing Construction - I drive all three metrics at the same time: 
  • Quality
  • Speed
  • Cost Reduction.  

  How?

• Thorough scoping

• Great competition from contractors

• Relentless follow-through

All books are open and communication is regular, to-the-point and solution focused.

I am looking for Investment Partners - whole deals in the $250k+ or leveraged $50k+.

I look forward to answering your questions, finding deals and leading succesfull projects.

Mark Moore

Moore Quality Real Estate Develoment LLC

[email protected]

732-977-0458