All Forum Posts by: Matthew Spiegel

Hi There -

I am assigning my contract in a home that went into probate in the Laurelton section of Queens. It's a corner lot 40 X 100 feet, it has approximately 1,500 square feet inside with unused 1,000 Sq Ft of air rights, it might be possible to add an extension of the front and back of the house of the existing structure to create around 2,400 Square feet 5 bedroom/3.5 bath. There is a lot of demand for larger homes in the area with more than 4 bedrooms, completely remodeled this could go for $250 PSF conservatively putting the ARV around $575,000-$600,000, if any wholesaler wants to blast this out to their cash buyer list I am ok with it and willing to pay a $5,000 referral fee.

Here is the link to the flyer

http://errs1036.vflyer.com/home/flyer/home/3005800...

We are asking $365,000, email for more info.

Thanks,
Matt Spiegel

Ajam Enterprises LLC

Great, thank you!

Hey There -

So I just joined BP as a premium better and the site looks awesome, lots of useful info and tips as opposed to other REI investment sites I have seen that are pure fluff.

A little background on me born and bred New York (Brooklyn) now living in Queens (Long Island City). I have a background in Economic Theory from NYU, and have been doing real estate brokerage for the past 10 years both residential and commercial. Tired of being at the mercy of flaky buyers or sellers and ready to start investing as a principal and control my own destiny.

I have partnered up with a friend Jack who has owned several hundred units a sold them a few years back, and we are looking to hit the ground running and get into this full time focusing on wholesaling, rehabbing and eventually buy and hold once we find the right deal and have sufficient capital. Focusing on distressed real estate, foreclosure, probate, REO, short sales, etc. Currently in contract for a large one family home acquired at a probate auction, in Laurelton, Queens and looking to do a lot more.

Would like to network with other rehabbers, wholesalers, hard money lender, and investors.

Looking forward to networking with NYC members and making money together!

-Matt