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All Forum Posts by: Jorge P.

Jorge P. has started 18 posts and replied 145 times.

Post: Learn from Me. Don't Let this Happen to YOU!!

Jorge P.Posted
  • Rental Property Investor
  • Jersey City, NJ
  • Posts 152
  • Votes 126

@John Patterson Great tip

Post: Learn from Me. Don't Let this Happen to YOU!!

Jorge P.Posted
  • Rental Property Investor
  • Jersey City, NJ
  • Posts 152
  • Votes 126

@Scott Upshaw thank you Sean. Im actually looking to do fix & flips &  buy more rentals in jersey in 2019. Would love to connect and get your thoughts on your market. The strategies I implement in NYC may not be effective in Jersey. Im def open to discussing more, let me know. 

Post: Learn from Me. Don't Let this Happen to YOU!!

Jorge P.Posted
  • Rental Property Investor
  • Jersey City, NJ
  • Posts 152
  • Votes 126

@Scott Upshaw I can't speak for everyone , but I will get it done for that price perhaps cheaper. 

Post: Learn from Me. Don't Let this Happen to YOU!!

Jorge P.Posted
  • Rental Property Investor
  • Jersey City, NJ
  • Posts 152
  • Votes 126

@Krishna Chava Thats a smart move. I will be doing the same. 

Post: Learn from Me. Don't Let this Happen to YOU!!

Jorge P.Posted
  • Rental Property Investor
  • Jersey City, NJ
  • Posts 152
  • Votes 126

@John Hickey not doing it myself but yes I’ll get done for $10k. Done this multiple times :-)

Post: Learn from Me. Don't Let this Happen to YOU!!

Jorge P.Posted
  • Rental Property Investor
  • Jersey City, NJ
  • Posts 152
  • Votes 126

@Bobby Kolev I’ll like to respectfully disagree with you. Numbers don’t lie so here I go:

Type: 2 fam home in nyc 

Purchase price: $275k

Money into it: $180k - I fully renovated the house 7 mths ago.

Home just appraised for $725k. 

This is just the home, the property also has 2 side lots which have also appraised for $300k a piece. 

Don’t think this is a bad investment at all my friend :-)

Post: Learn from Me. Don't Let this Happen to YOU!!

Jorge P.Posted
  • Rental Property Investor
  • Jersey City, NJ
  • Posts 152
  • Votes 126

@Debbie W. your very welcome. Thank you for the appreciation & feedback :-)

Post: Learn from Me. Don't Let this Happen to YOU!!

Jorge P.Posted
  • Rental Property Investor
  • Jersey City, NJ
  • Posts 152
  • Votes 126

@Andrea O. your very welcome. Thank you for reading and appreciation :-)

Post: Learn from Me. Don't Let this Happen to YOU!!

Jorge P.Posted
  • Rental Property Investor
  • Jersey City, NJ
  • Posts 152
  • Votes 126

@James Houlihan I know right?🤷🏽♂️ I’m guessing the humidity level was so high for so long it gave the mold the runway to grow quickly. In terms of the paint, I have to 1st kill the mold before I paint. Once we have eliminated the mold we would paint with primer then 3 coats of paint 

Post: Learn from Me. Don't Let this Happen to YOU!!

Jorge P.Posted
  • Rental Property Investor
  • Jersey City, NJ
  • Posts 152
  • Votes 126

@Jim K. thank you for the feedback. There’s a problem worst then the mold -“ Finding a trustworthy competent contractor”. I did decide to go with the foolproof option so that I have the highest chance of eliminating my problem. Had I had a competent , trust worthy contractor who’s opinion I could trust, I would take a risk with another alternative, but I don’t. It’s hard finding good contractors you can trust (I’m sure I’m not the only one with this problem). Had my original contractor done what you suggest to basement interior when it was in studs, there is a chance this had not happen. But it did & I’ts ALL good, regardless of what needs to happen to fix the situation , I WILL DO IT. I will find the  solution & Learn from it. I’m not looking to take shortcuts here. My property will cash flow $3k per month & appreciated $250k this year. - I don’t mind spending $10k to get this job done right.

If you ever move to nyc give me a call, I’m currently looking for a trust worthy , competent GC/project manager  :-)