Jonathan Jaffe
  • jaffej@yahoo.com
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  • Robert Farmer
  • Eric Einholz

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Wholesaling- 10 Unit Apartment Building 232-234 East Hanover St.Trenton, NJ.
2 Replies

Complete rehab needed.  If you know Trenton, you know this area is Old Trenton, the target of much multifamily development (Pennrose Properties, Isles Housing, Stockton Arms, etc.)  as well as an…Continue

Started this discussion. Last reply by Rob Beeman Mar 7.

 

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Rob Beeman replied to Jonathan Jaffe's discussion Wholesaling- 10 Unit Apartment Building 232-234 East Hanover St.Trenton, NJ.
"We are a DIRECT Short-term lender that extends 70-75% LTC financing on multifamily (no unit limit) for purchase, rehab and stabilization so that the property can then be refinanced. Rob@Directlendingpartner.com"
Mar 7
Jonathan Jaffe replied to Jonathan Jaffe's discussion Wholesaling- 10 Unit Apartment Building 232-234 East Hanover St.Trenton, NJ.
"So friends, I am not seeing interest, so I am making a dramatic price cut.   Is this more interesting at $160K OBO?"
Nov 24, 2014
Jonathan Jaffe and Eric Einholz are now friends
Oct 27, 2014
Jonathan Jaffe posted a discussion

Wholesaling- 10 Unit Apartment Building 232-234 East Hanover St.Trenton, NJ.

Complete rehab needed.  If you know Trenton, you know this area is Old Trenton, the target of much multifamily development (Pennrose Properties, Isles Housing, Stockton Arms, etc.)  as well as an area targeted to become an arts district.  Rule of thumb proforma:  Rent $1000/unit x 10 units x 12 months = $120,000.  Vacancy allowance= 10% = 12,000.  Net revenue= $108,000.   Taxes= -$11000, Insurance -$3000, Property management= 4%=-$7200  Repair and maintenance 10%= -$12000  proforma NOI= 74,800…See More
Oct 27, 2014
Jonathan Jaffe commented on Anthony L. Velasquez, Esq.'s blog post Municipal Tax Liens Afforded Protection By Court
"Terrific article Anthony- thanks for the update."
Oct 27, 2014
Jonathan Jaffe and Robert Farmer are now friends
Jun 3, 2012
Jonathan Jaffe is now a member of Real Estate Investors Association
Jun 3, 2012

Profile Information

Company Name (if applicable - not website/not e-mail)
jaffej@yahoo.com
What Industry do you work in? (you can select multiple)
Real Estate Investor
What I have to offer is... (be specific, this is important)
Deals, syndications
What I am looking for is... (be specific, this is important)
Wholesale property, money partners, meet more folks I can participate and mastermind with.

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