All Forum Posts by: Rene Bee

My GC want to be paid in cash. Its a gut rehab which will be over $100k. I will not be paying it all upfront. I am not concerned about him disappearing or doing a poor job as I have known him many years. I know paying in cash is NOT illegal but wondering what I should be aware of if I agree to this or if there are any other concerns that could become a problem for me.

Thanks in advance.

1 Vote

Newark, New Jersey

Quote from @Rene Bee:

Quote from @Ben Trageser:

@Rene Bee reccomend Centanni Plumbing out of East Hanover. They’re all volunteer firefighters in Newark too. Nice guys. His uncle is a registered electrican too so they all work together. Just had them help with a multi family with some extensive wiring issues. You can tell them I sent you.

Thank you!

@Ben Trageser Centanni does not service Newark NJ. If you have any other recommendation let me know. Thx!

0 Votes

For those investing in NJ - I'm being told that plumbing code says I am required to put washing machine hookups in both units of a 2 family that I am renovating. Is that true?

I called the city inspector and he said....

"AS PER TABLE 7.21.1 OF 2021 NSPC, DRAWINGS SHALL REFLECT PROVISIONS FOR ONE WASHING MACHINE PER UNIT"

0 Votes

Newark, New Jersey

@Angela Aybar

On another topic - do you have a plumber and electrician you can recommend by any chance? thx

0 Votes

Newark, New Jersey

Thanks!

0 Votes

I am working on a gut rehab and the contractor estimates structural and framing will take a month. Then plumbing and electrical can start. However all the permits need to be submitted to the city together. I just spoke to the electrician and he said I have to sign the contract which states that I pay 1/2 on contract execution - which is $10k. That feels like alot of money and all I need right now is him to pull the permit and work wont start until a month later. I have been told not to pay contractors to far in advance as they can disappear.

I was thinking telling him I can pay 1/4 on contract execution and then the rest when he starts the job.

How have those with experience handled this?

0 Votes

Quote from @Caroline Gerardo:

If you need advice about probate, call me.

Thank goodness no probate.

0 Votes

Quote from @Ibrahim Hughes:

@Rene Bee

Try Abdullah Johnson, (973) 479-1441

He knows Newark very well. Let him know I referred you.

Thanks!

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Quote from @Caroline Gerardo:

Buyer or seller cannot choose an appraisal if you are doing a loan. We use appraisal management companies to keep us from communicating with them. Here are three local ones. You will not be able to use the appraisal after you paid for it for a conventional or NonQM loan

https://www.aamc-link.com/

https://www.vsamc.com/

https://appraisallinks-amc.com/

If you just need a number I suggest you hire a Broker Realtor to do a Broker Price Opinion it will be cheaper. Malik Crichlaw or Danny Rosa can help you- both in Newark

Thanks Caroline, I am not doing a loan. I want to determine the value of a house that my mom inherited. Before we start putting lots of money in to fix up the house and before it is transferred to me, I want to know the value of it now. Thx!

0 Votes

Looking for recommendation in Newark NJ - need an appraisal done on a 2 family house.

Thanks in advance!

0 Votes

All Forum Posts by: Rene Bee

Rene Bee has started 30 posts and replied 62 times.

Post: Contractor wants to be paid in cash

Post: Looking for licensed plumber and electrician in Newark NJ

Post: can the state of NJ force you to install washing machine hookups?

Post: At a cross road

Post: Plumber in Newark NJ for gut rehab

Post: paying contractors - how far out?

Post: looking for appraisal company in newark nj

Post: looking for appraisal company in newark nj

Post: looking for appraisal company in newark nj

Post: looking for appraisal company in newark nj