All Forum Posts by: Yuriy Kaunzinger

@Krishnarine Hardyal I’ve had great experiences with BD Capital. They’re out of NJ, let me know if you want a connection!

@Anthony DiSanzo

Buy and hold is a good option right now for those who have cash. If you’re able to buy a deal that cash flows even a little bit, you can improve that cash flow in a few years after you refi.

I’m personally still having success with flips, and know of friends who are also having that.

@Ron Dolenti

Hey Ron! I just interviewed a property management company that I was very impressed by. I’ll message over their contact info.

@Earl White

I work with BD Capital and have had good experiences. Happy to connect you with my contact.

@Anthony DiSanzo

Hey Anthony! Are you looking for SFR options for long term buy and hold? Or owner occupant deals?

Looking for some insight from Section 8 landlords that have operated in New Jersey! My wife and I have operated traditional single family rentals, and are looking to add some NJ Section 8 units to our portfolio.

If you have any insight into the actual process of renting out units and collecting rent for a New Jersey based Section 8 unit, I’d love to chat!

Hi all! I’ve been a BP member for quite some time, but haven’t been as active as I would like to be. Please re-direct me if there is a more appropriate sub-forum to post this on.

I work for a medium sized developer in the Philadelphia and Jersey Shore area. I'm actively looking to purchase shovel-ready scattered site sub-developments (2 to 50 unit plots, multifamily or SFR) outside of city of Philadelphia. We are an experienced home builder with a track record of 1500+ homes built, and are looking to expand to the suburbs. I'd be more than happy to entertain any options that people may have to bring forward. Thanks again for taking the time to read this post, and I look forward to hearing from you folks!

(Cross posted this in buying/selling as well!)

Hi all! I’ve been a BP member for quite some time, but haven’t been as active as I would like to be. Please re-direct me if there is a more appropriate sub-forum to post this on.

I work for a medium sized developer in the Philadelphia and Jersey Shore area. I’m actively looking to purchase shovel-ready scattered site sub-developments (2 to 50 unit plots) outside of city of Philadelphia. We are an experienced home builder with a track record of 1500+ homes built, and are looking to expand to the suburbs. I’d be more than happy to entertain any options that people may have to bring forward. Thanks again for taking the time to read this post, and I look forward to hearing from you folks!

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $240,000
Cash invested: $40,000

This property is a 1200 SF 4B/1BA BRRRR that we fixed up and are looking to pull equity out of, and put a renter into. Similar to the last house, this property had good bones upon arrival and just needed some work. Renovations included opening up the kitchen to accommodate a larger layout, some structural work in opening up a wall, all new floors, paint, all new bathroom, and the remaining usual items.

How did you find this deal and how did you negotiate it?

MLS

How did you finance this deal?

Cash down payment and conventional financing

How did you add value to the deal?

Full renovation and +1 bedroom

Investment Info:

Single-family residence other investment in Newark.

Purchase price: $170,000
Cash invested: $40,000
Sale price: $312,000

This was our first property, which turned out to be a BRRRR / House hack in a college town. The property was a short sale, which is why we were able to pick it up at a discount. Did the majority of the work ourselves, contacting professional trades when necessary. House had really good bones and was in a desirable area, so that helped a lot. Ended up selling it in 2020 because the market was getting hot, and we wanted to relocate to be closer to family.