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All Forum Posts by: Michael Smith

Michael Smith has started 13 posts and replied 36 times.

and for me too 

Appreciate 

Post: General Contractor/Home Inspector in Newark, NJ

Michael SmithPosted
  • Brooklyn, NY
  • Posts 42
  • Votes 4

hi i am looking right now for a good contractor in newark nj.

You ever find one? if yes please share your experience you have with them 

Thanks so much 

i am also looking for a great property manager that handles everything for me and is familiar with section 8 tenants

Post: Wholesaling banked owned House

Michael SmithPosted
  • Brooklyn, NY
  • Posts 42
  • Votes 4

i am thinking to do double closing in nj 

are you sure that i can't in nj ?

Post: were do you investors get POF

Michael SmithPosted
  • Brooklyn, NY
  • Posts 42
  • Votes 4

Hi everyone. 

I am actively looking to invest in Newark NJ with the BRRRR strategy, and like everyone knows to make a offer for a REO or short sale - witch is usually good to got a fixer upper - you need to have POF, and because my business strategy is to get a deal under contract and then look for a money partner i just don't have POF

so i would like to ask you investors how are you getting POF to make a offer and get a deal UC

appreciate your help 

Thanks everyone 

Post: attorney in Newark NJ

Michael SmithPosted
  • Brooklyn, NY
  • Posts 42
  • Votes 4
Hi everyone I am a newer investor and had choose Newark nj as my starting point, like every newer investor i have a lot of questions to ask most of it are legal questions. can someone please help me with a great but friendly real estate attorney who will be willing to answer all of my questions and guide me in the right way Thank you everyone appreciate your help

Post: Shanley Ave Newark nj

Michael SmithPosted
  • Brooklyn, NY
  • Posts 42
  • Votes 4

Hi every one on bigger pockets 

I am looking to do the BRRRR in Newark, it came across a 2 family house on "shanley ave" in west side near the woodland Cemetery

The numbers are making sense but like everyone says in Newark every street is different  some are war zone some are good 

So i would like to hear from you investors in Newark  is anyone familiar with this specific Avenue? 

Thank you very much everyone

Post: first brrrr property in Newark Nj

Michael SmithPosted
  • Brooklyn, NY
  • Posts 42
  • Votes 4

Thanks for  your advise  Jonny Morris 

I am i have already run the numbers its listed for 110k i estimate to rehab it for 80k 100k and the ARV 300k 320k.

So what i am confused is what are the step by step things that i have to do after buying, for example hire contractor talk to the town or state for the permits and inspection in Newark nj there's something that's called the ccc when I have to take care of this 

appreciate your help

Post: first brrrr property in Newark Nj

Michael SmithPosted
  • Brooklyn, NY
  • Posts 42
  • Votes 4

Not yet. but wanna make a step by step plan before im buying

Appreciate your help

Post: first brrrr property in Newark Nj

Michael SmithPosted
  • Brooklyn, NY
  • Posts 42
  • Votes 4

Hi  every one here on the greatest website on earth.

I am planing to buy my first property in Newark NJ, it's an REO and i am planing to do the BRRRR strategy on it, and I'm a little bit confused so i would like to know what are the steps that i have to do what is first and what is next.

I know that i have to take a property inspection, and i am planning to take a contractor to give me a estimate on the rehab.

So whats next? when did i have to call the town or county or state inspector Before i am starting to work on it or before i am planing to put in tenants?

When am i doing the  ccc inspection?

What if it has asbestos or lead paint? When did i have to check this thing's out

And what are the steps that i missed with a total rehab property what are the pitfalls? 

Thank you very much for helping me  out I appreciate it very much