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5 September 2024 | 19 replies
I can't tell you to do one thing or another because this is based on YOU.
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10 September 2024 | 23 replies
We have tried a dozen and ended up with our own custom built Podio platforms.
5 September 2024 | 5 replies
The JWB team is very easy to work with, diligent, explain the whole process and always follow up on questions you may have.
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11 September 2024 | 11 replies
Quote from @Jackson Ebersole: Hi Piper,It's always smart to flip properties in-state, and I'd like to share some updated insights on why this approach is beneficial, especially in the New Jersey area.Lenders typically feel more comfortable with in-state flips because:You can manage the rehab more easilyYou have better knowledge of local real estate trends and valuesYou can respond quickly to issues or make decisions fasterThere's a lower risk of fraud or being taken advantage of by distant partnersI can help you with recommendations for the New Jersey market:North Bergen: Continues to show strong potential, with average profits now around $150,000 per flip and a gross ROI of 85%.Willingboro: While specific flip numbers aren't available, the market remains active with a gross ROI now averaging around 130%.Gloucester City: Still a top performer, with gross ROI hovering around 180-190%, though still on smaller profit margins.Irvington: Home values have continued to rise, with a 20% increase over the past two years.East Orange: Has seen steady growth, with home values up by about 16% since 2022.Paterson: Experienced a 14% increase in home values over the last two years.Additionally, Jersey City and Newark have emerged as promising markets for flips, with strong appreciation rates and growing demand.
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13 September 2024 | 16 replies
Here's why (coming up on the November ballot for CA)--> "Justice for Renters Act" I'm a fan of Section 8 and have couple section 8 rentals.
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7 September 2024 | 11 replies
The freedom number will be set at $6k passive income per month.FINANCIALS We are working on bringing our credit up, it is currently sitting at 675 and rising.
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4 September 2024 | 7 replies
It was a hard lesson that nearly cost us a $25,000 deal, countless hours of effort, and more sleepless nights than I’d care to admit.We had a prime deal lined up, with a buyer who was eager to move forward.
5 September 2024 | 6 replies
It will look attractive based off the numbers but its hard to believe unless you see these neighborhoods.
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11 September 2024 | 5 replies
Get as much understanding and disclosure as possible on the closing fees and escrows that will show up on the settlement statement - including stuff like prepaid interest ("stub interest"), tand and insurance escrow holdbacks, etc - biggest pitfalls we've seen are people not 1000% clear and aware of these things then getting very negatively surprised at the day of signing
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11 September 2024 | 17 replies
Start with a W2 and build up some reserves.