"Besides the fact that the seller wants $150K and that works for him is it a good purchase price for you?
If it is a good deal there are creative ways to get the $15,000 the seller wants.
If it is a good deal then call me and we will…"
New Jersey, Pennsylvania, and New York's Real Estate Investment Club NJ, NY, PA
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Joel Kraut
- Progress Realty Advisors, LLC
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Joel Kraut's Discussions
2 Family fully Renovated Newark Ready to Print Cash
1 Reply
We have a nicely renovated 2 family for sale in Newark on Wolcott Terrace. There are 2 - 3 bedroom/ 1 bathroom units, Seperated utilities,New flooring, new paint, repaired roof, driveway redone, new…Continue
Started this discussion. Last reply by Joel Kraut Nov 11, 2011.
SFH in East Orange 3br/2ba for sale
I have a SFH in East Orange for sale.3 bedroom/2 bathroom - 1250 Square feet rehab special.You need to do it all and will cost you $35,000 to do so. if you do not have your own team let me know and…Continue
Started Jul 16, 2011
Mint Condition 2 Family - Asbury Park - $160,000
We have a mint condition 2 family in Asbury Park for sale.Both units COMPLETELY RENOVATED - you will spend ZERO DOLLARSUnits are 3 bedroom - 1 bathroom,New plumbing, electric, paint, carpet,…Continue
Started Jul 10, 2011
3 Family 4 Sale - Passaic, NJ - rent roll $3,775/month
2 Replies
We have an outstanding 3 family for sale in Passaic.The front of the building is newly stuccoed and the roof is new also. Additionally all furnaces, hot water heaters, electrical systems are only 3…Continue
Started this discussion. Last reply by Joel Kraut Jul 7, 2011.
Joel Kraut's Page
Latest Activity
Joel Kraut is attending TriState Mixer's event
NORTH NJ Main Meeting - Investing in Bank Owned Properties (REO) & HUD Homes at Renaissance Meadowlands Hotel
May 14, 2012 from 6pm to 10pm
PRE-MEETING:Begin at 6:30 PM and Topics/Speakers vary each month. Members and Visitors -- Come early and learn from our experts!Topic: An overview of how properties end up as Bank Own Properties & HUD HomesMAIN MEETING: Investing in Bank Owned Properties (REO) & HUD HomesWith the foreclosure crises and tons of properties getting repossessed on a daily biases, the government and banks today own more properties than ever before. Many investors today believe banks are eager to get rid of…See More
Joel Kraut is now friends with Darron "Aciec" Shivers, Danielle Jones, Simon Wong and Oscar Gonzalez more
Joel Kraut replied to Seth Martinez's discussion 5+ bedrooms with 3 bathrooms, Single Family Orange, NJ
"is this gone? If not I can take a look through on Tuesday as i will be up there.
Address?
Thanks,
Joel"
Joel Kraut left a comment for Rafina Ibragimova
"Hello. I am a commercial real estate lender in the Tri-State area.
Thanks,
Joel"
Joel Kraut replied to Tiara Powell's discussion 2 Family in Irvington, NJ - 35k - Cash Buyer Needed
"Tiara,
What is address? I am just finishing a project on Tichenor very close to there.
I can check out in morning.
Thanks,
Joel"
Joel Kraut replied to Tiara Powell's discussion 2 Family in Irvington, NJ - 35k - Cash Buyer Needed
"Nick,
Hello. What is address over there? i will be up in area tomorrow morning.
Thanks,
Joel"
Profile Information
- Company Name (if applicable - not website/not e-mail)
- Progress Realty Advisors, LLC
- What Industry do you work in? (you can select multiple)
- Banking/Mortage, Commercial Real Estate, Mortgage, Renovation
- What I have to offer is... (be specific, this is important)
- Our group has money to lend against real estate assets in first position, we generally will lend up to 60% of cost or depending on how long owned appraised value. We are actively seeking new lending opportunities throughout New Jersey.
- What I am looking for is... (be specific, this is important)
- Property owners looking for hard money lender. Additionally property owners looking to refinance commercial mortgages or secure commercial financing for properties they are looking to purchase
Joel Kraut's Blog
Newbies BEWARE of what you can not see in the ground - Oil Tanks
For those of you that have been in the trenches for a number of years this is NOT a new suggestion BUT for those of you Newbies please save yourself many sleepless nights. BEFORE you purcahse and close on a property no matter how simple and easy a deal looks please get an Oil Tank Sweep done of the property.
I have experienced the dreadful feeling of contamination and the expense of needing to rid one's property of the same.
So not to try to scare you but how…
ContinuePosted on November 22, 2011 at 10:21pm
Getting your feet wet as a Wholesaler today......
I have now been to two Tri State meetings and have been fortunate enough to have met a bunch of really nice eager people. The meetings have been very informative and the panel discussion at this last one is just the sort of thing new people to the game need to experience and have access to for Q and A with and from pros. Never be afraid to ask a question, if you have it someone else is thinking it also, so fire away.
One thing that I have heard over and over is that I don't…
ContinuePosted on April 30, 2011 at 5:46pm
You can NOT be everything and everywhere in the Real Estate Investing business
Hello again......
In the last 12 months there has been a resurgence of "newbie" players to the real estate investing business. It has just been an overwhelming experince for most. I am often drained after an initial conversation with a "newbie" investor. They tell me about everything and anything real estate and how pumped they are to get out there.....
I can sit here and list the many exciting opportunities that exist in the real estate investing space,…
ContinuePosted on April 16, 2011 at 11:46am — 1 Comment
Making Money as a Real Estate "Investor"
So you want to be a successful "investor"......well then stop making donations to the loss side of the ledger.
What do I mean? If you have a property and it is NOT performing then figure out right now how to stop the bleeding. You can NOT make money if you are losing it on a monthly basis with your "investment real estate" holdings.
Are these investments? Is this why you got into the business? Frustration and avoidance sets in or you find a good deal and…
ContinuePosted on March 25, 2011 at 10:40pm
Comment Wall (10 comments)
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Join TriState Mixer: The Ultimate Real Estate Investment Club
- At 1:33pm on January 7, 2012,
Susan Winderman said… I need info about hard money loans for rehab properties.
Thanks, Susan
richsjb@aol.com
- At 10:53am on June 29, 2011,
Allen & Denise Huber said… Hi Joel,
Last night you mentioned you have an investor who buys rentals for 1% of the purchase price. We have one. I would like to send you the details.
Thanks!
Denise
- At 4:18pm on May 23, 2011,
Mike Witts said… - No problem Joel Please give me a shout, when you have a minute.
- At 9:36pm on May 16, 2011,
Kristina Sullivan said… Hi Joel,
My buyers are still thinking it over, they have two properties to decide on and a couple scenarios. Don't want you to think I forgot. Thanks!
- At 11:07pm on May 15, 2011, Kristina Sullivan said…
Great, I will call you tomorrow.
Thanks,
Kristina
- At 9:40pm on May 15, 2011, Kristina Sullivan said…
- I think they would be willing to do 15 to 20 percent. I meet with them tomorrow. Let me know what terms as far as time frame you could offer them. They could probably do it in 1 1/2 to 2 years...
- At 8:24am on May 3, 2011,
Matt Araujio said… - Hey Joel, it would figure that I'd be out of town the 16th -21st, but thanks again.
- At 9:32am on March 23, 2011,
Vanessa Ortega said… Hi Joel,
Yes we would be open to that. Let me know.
ThanksVanessa
- At 10:02pm on March 22, 2011,
Victoria Riggs said… - Its allright, we'll talk tomorrow morning.
Have a good night,
Victoria
- At 7:21pm on March 19, 2011,
Adam Ayer said… - Sounds goodJoel. I'll call you tomorrow.
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