All Forum Posts by: Walmsley Gedeon

Ethan Lee great job! How did you secure financing on all those properties? I'm closing on a deal soon and am already thinking about the next one.

Chris Anderson thank you that's sound advice..

Jessica Zolotorofe Tom W. thank you both for the info. It's much appreciated.

Seller has an Oil Tank on property and wants me to know he doesn't have the money to move it. He is offering me a $5k credit on the deal of which I am already paying a bit more than I wanted to for a buy and hold in Irvington, NJ. I already have a 5k concession on the deal. Should I go even lower on the price? Have any of you had to remove an oil tank before? How much did it cost? What should I do here? Because I don't want to inherent a problem child.

Jeff Rabinowitz thanks... how much would getting the soils tested cost? Ballpark?

Seller has an Oil Tank on property and wants me to know he doesn't have the money to move it. He is offering me a $5k credit on the deal of which I am already paying a bit more than I wanted to of $170k for a 4fam for a buy and hold in Irvington, NJ. I already have a 5k concession on the deal. Should I go even lower on the price or just accept the $5k credit?

Brent Coombs got it. Well than I'm getting it at around market price than. But I still think for a long term hold it would be good for passive income.

Travis Hughes absolutely I'm with you in that.. thank you for your input. Regards, WG

Travis Hughes she said it was a good deal for a buy and hold not a flip as there is good rent in the area and four units guarantees your mortgage and expenses being paid. My mortgage broker also said it was a good deal for the same reason. I figured it was as well for that reason. In maybe 3 years I could cash out and just continue on with the passive income and look towards a new deal.

Edgar Sulca the repairs would be cosmetic nothing major in my opinion. The last tax assessment for 2015 and 2016 was just under $6k so why would I assume $10k? Jd Martin Arv should be about $338k. I'm ballparking using a similar home on the market right now that has been renovated.