All Forum Posts by: Matthew Spiegel

Hi, I am investor flipping houses and I've had some bad experiences with contractors.

Does anyone have a good construction contract that they use for NY State?

Thanks!

Deal of a lifetime, being sold by bank market value $700K, starting bid $240K, completely renovated house. 

Big 5 Bedroom House W/ Lots Of Storage Space And Low Taxes All Of This In A Beautiful Midblock Location

Completely Renovated Through Out, New Windows, Doors, Roof, Siding, Kitchen W/ Top The Line S. S. Appliances Hardwood Floors,

I am an investor/rehabber/real estate broker and am currently tied up in other houses so I don't have capital to put up on this deal. I am looking for equity partner to fund 100% of the deal and I run it from A-Z, stage it, and sell it as well. Profits to be split 60/40% your way.

Not interested in wholesaling this deal to someone else or hard money, only looking for equity partners. Will reveal address once we have an agreement in place, this is something we would have to move on very quickly so would have to have cash readily available (or a minimum of 40-50% to take out hard money loan). This could be a great opportunity to make a nice profit for both of us, email me direct [email protected] thanks

Hi There, so I am getting a lot of deals all over Jersey and I have more deals than money right now, priced at wholesale prices with a decent spread for profit potential. Looking at opportunities in East Orange, Irvington, Newark, and over new Jersey for that matter. The way it would work is I would find the deal, manage the project and selling of the property from A-Z you would fund the deal 100% and we would split profits 50/50%, email me for more details [email protected] if interested.

Below is an example of a deal i am looking at right now.

3 family house
Full rehab
3 bd 1 bath in each unit
Taxes 2888

Asking 95k
Rehab 70k
ARV 250k

Here are photos of the exterior of the house, there is concrete around the perimeter of the house and the entrance, budget is tight and have plenty to do inside so thinking of just repairing the concrete and staining it to give a natural stone look (taking out the concrete, dumpsters, labor and new pavers would be a big expense) However I read that newly poured concrete has to cure 90 days before you can stain it, is that accurate, also what is the estimated cost to stain outdoor concrete Per square foot? Any feedback is appreciated. Thank you

So I am going to look at this house tomorrow in Hemspstead and my funds are tied up in another flip but I found this deal and would like to find an funding partner, me and my business partner Jack will do all the work from A-Z, he has extensive experience buying and renovating multifamily buildings, I am a realtor with over 10 years experience and also own a staging company so I can make this place look amazing and sell it for top dollar. you fund the purchase, we do all the work, big profits we split 50/50%

Here are the numbers below

4 Family home/4,000 Sq Ft

3 Car Garage

Purchase $190,000

Repairs $75,000

ARV: $385,000

If there is interest we would have to move on this quickly. Please email me direct at [email protected]

I read somewhere you can stain concrete and would be a lot cheaper than pavers or natural stone, see more info here

http://homeguides.sfgate.com/stain-concrete-two-di...

Has anyone tried this? 

And how did it look? Did it turn out as expected?

Photos?

Thanks.

So we are currently doing a flip in Laurelton Queens and we are getting a lot of leads for off market deals from 20-50% below retail and right now we have more deals than money, we are looking for equity partners to fund our projects and we will run the project from A - Z and we will split large profits. email me if interested and we can talk further....

Has anyone had any success with bandit signs in NYC 5 boros, would be curious to hear some anecdotal evidence... 

Hello There -

I need a hard money loan for my buyer to close on my signed contract on January 28th

135-01 230th Street, Laurelton, New York 11101

Around 1,500 Square feet

3 bedroom

2.5 bathroom

needs gut renovation

Lot size: 40X100

Corner property

Here is link to photos and more information

http://errs1036.vflyer.com/home/flyer/home/300580002

The purchase price will be $320,000

What is the maximum amount you can lend on this? ($300K would be good)

What is the interest rate you would charge?

Any upfront "points" charged?

Any points charged on the back end?

We need a loan for around 3-6 months.

Please let me  know via email preferably.

Thank you,

Matt

Hi Steven - Yes, I have used Angie List before, good to hear you have had success with it.

There is another site I have found similar to Angie's List called Home Advisor that looks promising. 

Will let you all know how it goes.

Thanks