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All Forum Posts by: W. Alex Benitez

W. Alex Benitez has started 7 posts and replied 32 times.

Post: Analyze this deal

W. Alex BenitezPosted
  • New Jersey
  • Posts 37
  • Votes 5

What are your monthly operating costs, expenses, monthly amount set aside for future costs?

You need to take this into account for true NOI

Hi Dave,

Welcome back.... There is a local meetup group (Central Jersey and Monmouth County Real Estate Investors) which I attend.  Great opportunity to network and meet like minded individuals.

Post: Signs

W. Alex BenitezPosted
  • New Jersey
  • Posts 37
  • Votes 5

Hi Ray,

I recommend heading down to Home Depot or Lowes by the materials section and look for "mason ladder".  You will need a good pair of cutters as well.

Good Luck..

Judah,

I frequently meet with a group in the Monmouth County area where meetings are held in Asbury Park.  In addition, another group in Eatontown which can all be found via meetup.com

Thanx Jamie....messaged you with my contact information

@Tom T.  please add me to your list for Monmouth County 

Can anyone recommend a GC in the Monmouth/Ocean County area that has experience working with investors?

Post: Educate me on Seller Finance

W. Alex BenitezPosted
  • New Jersey
  • Posts 37
  • Votes 5

I have an opportunity to purchase a free and clear multi-family property.  The current owner is an elderly woman that no longer wants to maintain the property after her husband passed away 3 years ago.  

I won a multi-family property next to her and in speaking mentioned the opportunity to seller finance.  She was interested in the brief explanation I provided but wants details.

Hence my question, on the logistics and mechanics of this strategy and how would it benefit her/me?

Thank you in advance

Post: Selling a partially renovated house

W. Alex BenitezPosted
  • New Jersey
  • Posts 37
  • Votes 5

Gary,

Where is the investment property located?

Hello Fellow Jerseyan's,

I just wanted to say hi and invite the opportunity to discuss any potential properties you may have for sale.  I currently own 2 buildings (4plex and 2plex) and truly enjoy the business of real estate.   

My criteria is multi family units in the Monmouth or Ocean County area.  I hope to do business with you in the near future.