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All Blog Posts (201)

DISTRESSED PROPERTY BUYERS BEWARE! (by Anthony L. Velasquez, Esq.)

A recent decision has been issued by the NJ Superior Court where a sale of a distressed property was stripped from the buyer and given back to a former owner.  It is under appeal, but it spells TROUBLE for distressed property buyers if it is allowed to stand.

In the strange case, a tax lien investor completed a tax foreclosure and then received Final…

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Added by Anthony L. Velasquez, Esq. on November 16, 2015 at 6:29pm — 1 Comment

Thank you mightily for the opportunity to join  the club I cherish as the most iconic real estate investment club in the region. I don't take this lightly. I  will do everything within my power to ad…

Thank you mightily for the opportunity to join  the club I cherish as the most iconic real estate investment club in the region. I don't take this lightly. I  will do everything within my power to add value to members and the communities we so  dearly serve. Thank you again, all of you.

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Added by Samuel Djanie on July 2, 2015 at 11:53am — No Comments

Making the Most of Your Remodeling Budget

It is easy to believe that purchasing a new home is cheaper than remodeling your current home, but before you start hunting for a new home, make sure that is really the most affordable and money saving option for you.  The truth is remodeling does not have to be as expensive as or more so than buying a new home.  There are plenty of ways to successfully remodel your home without cleaning out your savings account.  Here are a few reasons why you should choose to remodel and how you can save…

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Added by Althea Boston on March 31, 2015 at 12:17am — No Comments

533 Prospect St, East Orange -2 FAMILY-For Sale

Wonderful Investment Opportunity!  Buy, fix and hold... 2 Family in Doddstown / Bloomfield Border.  5BR, 12 Rooms, 3 Story Dwelling.  Estate Sale.  Needs Major Repairs (roof, siding, windows, flooring, etc).  Listed.  Asking $69,000, negotiable.

Contact Kim Purcell (Listing Agent) - 908-884-1967

Added by Alfred Purcell on January 17, 2015 at 9:55am — 1 Comment

Building Your Apartment Investment Foundation Team

Investing in apartments is not only about analysis and numbers. It is primarily a relationship business. Building a strong team can truly make the difference between from a stalled to a spectacular apartment investing career.

You maybe able to get muscle one deal through on your own, but to build an apartment investing business, even part-time, you will need to build a team. By having a strong team behind you, you won’t need to be your own lawyer, accountant and property manager. In…

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Added by Christopher Urso on December 5, 2014 at 11:00am — No Comments

Investing in Secondary and Tertiary Apartment Markets: What you MUST know

As primary “A” type multifamily markets tighten, there are more and more prospective tenants pushing into the secondary and tertiary markets, creating huge opportunity. However, there are fundamentals that can make or break your investment strategy; properly preparing can make the difference. If you drill down and really master the sub-market research, you will find off-market opportunities!

 

A quick tip on Broker Relationships - In smaller markets,  there…

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Added by Christopher Urso on November 12, 2014 at 4:00pm — No Comments

A Scary Halloween AND Retirement?

Halloween is just around the corner!

I recently read a figure that was beyond scary – it was downright frightening. According to a survey done by the Federal Reserve in August 2014, only ¼ of Americans feel financially prepared for retirement.

The recent volatility in the market makes me feel stronger than ever that there must be diversity in every portfolio. The beauty of investing in apartments…

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Added by Christopher Urso on October 31, 2014 at 11:44am — No Comments

Purchasers at New Jersey Sheriff Sales Must Beware of Pending Tax Appeals

Purchasers at New Jersey Sheriff Sales Must Beware of Pending Tax Appeals

By Anthony L. Velasquez, Esq.

 

On September 8, 2014, the NJ Appellate Court issued a published decision in Princeton South Investors v. First American Title Insurance (A-850-12) upholding the denial of a title insurance claim that was brought by the buyer of a property at a Sheriff Sale.  The buyer had claimed that at the time of the Sheriff Sale there was a tax appeal…

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Added by Anthony L. Velasquez, Esq. on October 24, 2014 at 1:00pm — No Comments

Protect Yourself: What every Apartment Investor Must Know BEFORE You Buy

The beauty of apartments is that it is the one type of real estate investment that is easy to scale and build your real estate business, even part-time. HOWEVER, the bigger upside needs to be tempered with the potential for a bigger losses as well. Make sure that you have looked deeply into each element listed below:



Sub-Market knowledge: Location, Location, Location


The ONE thing that you can’t…

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Added by Christopher Urso on October 16, 2014 at 12:47pm — 1 Comment

WHEN To Make An Offer On An Apartment Deal

I wanted to answer some questions that I’m frequently asked about multifamily real estate deals and what it really takes to make them happen.

So here is a question I get asked all the time: When do I stop analyzing and make an offer?

I always talk about the importance of laying a strong foundation; being clear on your plan, and making sure that you have a team put together to make sure that you don’t make any costly mistakes.…

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Added by Christopher Urso on September 3, 2014 at 9:30am — No Comments

How an Individual 401 k can help you invest in Real Estate

As a real estate investor, you probably have realized the earning potentials from leasing or flipping properties, but what is in your retirement fund right now? A lot of real estate investors successfully built their wealth upon strategic investments in properties, but their retirement funds are left to perform poorly with stocks and mutual funds. What an Individual 401 k can do is to help investors turn the situation around and…

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Added by Dmitriy Fomichenko on August 19, 2014 at 10:30pm — No Comments

Irvington 3 family property

658 grove street Irvington. 3 family. 1st unit has 5 beds/1 bath. 2nd and 3rd units have 3 beds/1bath each so it's a total of 11 beds/3baths. The 1st and 2nd units are currently occupied, 3rd unit is vacant. The rent roll for 1st unit is $900, and $850 for 2nd and 3rd units. All separate utilities, tenants pay utilities separate from rent. House may need minor cosmetics so repairs are at about 5k-15k. Taxes are approximately 10k. Asking price 85k.

Added by Sharif Thompson on August 6, 2014 at 6:00pm — No Comments

Hot Deal Westfield Rehab or Builder Opportunity

I have a property in Westfield that I am wholeselling

3 Bedrooms

1Bath

The property requires a complete gut renovation or if you are a builder you may choose to tear it down and build.

Property sits on a 70 X 141 lot.

Sales Price: $305,000

Renovation: $100,000

ARV:  $550,000

Call me at 908-902-0739 if you are interested.  Serious Inquires only.  Please call if you are a rehabber ONLY.  Please do…

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Added by Corey Beckwith on July 11, 2014 at 9:50pm — No Comments

2BR/1BA Salem, NJ wholesale property for sale

i am wholesaling a property at 45 elm st in salem nj the property is a 2br/1ba it needs 25,000 in repairs all upgrades and cosmetic the ARV is 110,000 I am asking 25,000 i need to get it sold ASAP anyone interested ? call me at 908-752-1555 or email mcov77@icloud.com for more details and pics

thanks 

Matt

Added by Matthew Covert on July 6, 2014 at 1:00am — No Comments

Hot Deal 3BDR/1BA Somerville Rehab Opportunity

Calling all Rehabbers- CASH Buyers ONLY

I am wholeselling a

3 BDR 1 Bath Colonial - 106 Veterans Memorial Drive, Somerville

House needs complete gut renovation

Purchase Price $57,500
Rehab $80,000 - $90,000
ARV - $225,000- $250,000

Call Corey at 908-902-0739 if you are interested.

Added by Corey Beckwith on July 2, 2014 at 10:00am — 1 Comment

Municipal Tax Liens Afforded Protection By Court

Municipal Tax Liens Afforded Protection By Court - June 25, 2014

Earlier this week, on June 25, 2014, a decision from the NJ Supreme Court has bolstered the position of tax sale certificate holders throughout New Jersey -- particularly those seeking to enforce their rights and foreclose upon a property where the property owner has sought bankruptcy protection.  It is a landmark decision and it helps to solidify and…

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Added by Anthony L. Velasquez, Esq. on June 27, 2014 at 8:17pm — 1 Comment

Rehabbers Hot Deal 44 Schick Road, Milford, NJ

I have a house located at 44 Schick Road, Milford, NJ that I am wholeselling:

Property sits on 4 acres of land and has beautiful views.  Rural setting and property has great potential.  

3BDR, 2BTH Ranch Home

Purchase Price $205,000 

Rehab $50,000

ARV $350,000

Rehab to include updating the kitchen and bathrooms, landscaping and more.

Please call me at 908-902-0739 if you want more information.

Added by Corey Beckwith on June 23, 2014 at 8:30am — No Comments

House in Distress.

I have a house in Cherry Hill, worth about $180-$200k, in good shape.

However, for years the tenants have had their way with it, and tore the heck out of it.

It is a late 50's house, and has never had upgrades.

I am living in Florida, and, therefore, not able to do a "Hands On' renovation.

My question is, do I pay to have the property renovated, and sell a nice, updated home,

or do I sell the home "As Is', and let some other enterprising entity do the…

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Added by James Lee on May 21, 2014 at 1:01pm — 1 Comment

Deal Cultivation - Nuture Your Relationships!

It’s finally spring (A snowstorm here or there notwithstanding) and its time to shake off the slow pace of winter and get active. Watching things come alive and grow got me thinking about gardens…planting seeds…cultivation.

You might be thinking, “What does this have to do with real estate?” Stay with me here, there are a few parallels.

SPREAD THE SEED

This is a relationship business. Don’t underestimate the importance of creating a strong…

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Added by Christopher Urso on May 20, 2014 at 4:37pm — No Comments

3 Bedroom/1 Bath Rahway NJ, Investor/ Handyman Special

Great location, easy access to transportation, shopping..

Ranch style, 3 bedroom, 1 bath, Corner lot, unfinished large basement 

Definitely a fixer upper with plenty of potential..

Oil tank needs to be removed 

$110,000 

Location:…

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Added by Sebastien Apollon on April 29, 2014 at 9:00pm — No Comments

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