All Forum Posts by: Thomas Santella

If its near Jersey City or anywhere in Hudson and Bergen county, I have developers that buy site unseen 24/7 if in a good area, decent lot size and reasonable asking price. @Leah Lowe feel free to connect or message me if you would like to have a conversation 

Waiting for interest rates to drop is the same as waiting for prices to go up. Lower rates, more buyers in the market, more competition. The Jersey City area is extremely hot at the moment and will continue to see demand as development continues. Jersey City Heights in particular. 

Buying an older duplex/triplex and renting it out for the time being will eventually be sold as a teardown in the coming years. 

I am an agent in Hudson and Bergen County and I source off market deals to developers, especially in Jersey City area. I'd be happy to connect

I am looking to work with a title company and escrow officer for my next couple of deals. They need to have worked creative deals in the past and hav experience with sub to, seller financing, wraps, double closes and assignments. If anyone is this person/company or has a good recommendation, please comment or message me thank you!

Tell the agent what you need done, and if he doesn't do it in a timely matter there will usually be a clause explaining how you can terminate early without penalty if he fails to perform or do his job to the best of his ability. 

I am a realtor in Hudson and Bergen County with a large network of developers. I have endless buyers for gut renovations and development deals of any size in both counties, just not enough lots! If you are a wholesaler or realtor with off market deals and having trouble finding someone to buy your deal, I'd be happy to help you with the disposition. Befriend me on BP, send me a message, or reach out via my contact info on my page, I am looking to have a conversation of how we can work together!

What developers used to be able to build 2 units on a 25x100 they can now build 3, allowing them to offer more for 25x100 lots and profit more off these builds. Developers have just started raising offers since the rezoning, so getting one of those properties sooner rather than later will be great, because by the time you want to sell the market will tell you what developers are willing to pay. 

The value of the lot is what a developer is willing to pay which they work backwards from resale potential. Look at new construction triplex/duplex condo sales in the heights areas, subtract carrying cost over build timeline, materials, labor and construction costs, what their desired profit in heights deals would be and that would leave you with approximate acquisition cost of the lot. 

A much easier way would be talking with a builder/developer, or realtor that represents them like myself, who could just tell you what this value is. Connect with me anytime, i'd be happy to talk further

 I do work in Bergen County. Bergen County has mostly sf homes and the towns I work in seem to have low inventory in multifamily, making the 2 and 3 unit properties relatively more costly. 

@Joseph Guzzardi Jr, @Bernice Dezelan 

I work with a handful of wholesalers, helping them with dispo to developers in Hudson and Bergen County. I would love to connect, and if you ever need help finding buyers, I can connect you with investors/builders. DM me!

Hi @Udit Agarwal, 

I am a NJ Realtor who works in Hudson County, and primarily in Jersey City. Like Jonathan said, prices have gone up to make what you are looking for difficult, but not impossible. I am currently looking for a client of mine for a duplex in the Heights around the same price point, and although there aren't a lot, this type of properties do exist. The heights recently underwent change in zoning, so investors/developers are beginning to pay more per lot to build. This poses a solid appreciation opportunity if you buy in the heights. I work with many house hacking clients, and if you would like to talk further send me a dm, we should connect.

Robert said it perfectly, compare the sqft and size of what your units living room to others on the market and see if it is similar. If yours is smaller, the larger 2 bedroom will most likely be better