Looking for completed 2 family rehab anywhere in Newark

[Eric Einholz]

I have a buyer for a finished (or almost finished) rehab in the City of Newark.

MUST be 2 family, and priced for quick sale....

 

Eric E   973-750-8090   [e-mail]

[Eric Einholz]

Joel I just had your "regular" e-mail in front of me now cannot find it.  Please e-mail or text tit to me:  [e-mail]   or 973-750-8090

[Joel Kraut]

Eric,

 

Just checking in with you.

 

I have a series of my own properties I am looking to sell in E.O. & Newark.

 

SFH, Duplexs and 3's.

 

I can offer some owner financing in the right situations.

 

I can compensate for bringing buyers directly to you.

 

If you have some interest call me.

 

Thanks,

 

Joel

 

732-598-0351

[Eric Einholz]

Little looks OK, but my buyer might be gone by the time rehab is done....

EE

 

Jack Krupey said:

Joel/Eric

 

What do you think of 63 Littleton in Newark?  I own the mortgage on the property and am in the process of foreclosing.  I am looking to wholesale it to a rehabber once the foreclosure is completed within the next few months.  Recent BPO said 55k, could sell below that or JV with an experienced rehabber if there is upside potential.

 

Jack Krupey

917-414-7880

 

[Eric Einholz]

I have a buyer who is an apartment dweller, looking to buy first home. 

He is a single guy, limited income and limited mortgage approval. 

 

He wants a 2 family, he will live in one unit and needs income from 2nd unit to pay mortgage.  

 

He is not looking to rehab, and neither am I in his price range, (he is looking under $100k, but even in Newark it will not buy much in decent condition). 

   I would like to make enough money (10-15k) to make it worth my while to help him.  A 2 family with one small apartment (1 bedroom for him to live in) would suit him fine.....      if you come across something like that, NOT in need of repairs greater than a coat of paint or leaky faucet, let me know !!!

 

Regards,

EE

 

P.S.  He might qualify for Beverly at $135k, if I could get it for <120, it may be doable.....  but not sure if that "street view" will scare him off...or not ??  LOL....

[Jack Krupey]

Joel/Eric

 

What do you think of 63 Littleton in Newark?  I own the mortgage on the property and am in the process of foreclosing.  I am looking to wholesale it to a rehabber once the foreclosure is completed within the next few months.  Recent BPO said 55k, could sell below that or JV with an experienced rehabber if there is upside potential.

 

Jack Krupey

917-414-7880

 

[Joel Kraut]

Eric,

 

Let's be upfront......are you shopping and if so what are your real criteria as I see properties all day almost every day.  Anything form a SFH to a 30+ unit building gets shopped to me nonstop.

 

Most of the people passing through here mean well and are learning but you sound more seasoned so let me help you.  Does Beverly work for you at a different price?  Or do you not want to be in that area?

 

I have a nice 8 family on Mt Prospect in North Ward.  A 3 family all up and running on S. 9th. 

 

What are you really looking for?

 

Thanks and I look forward to talking,

 

Joel

 

 

 

Eric Einholz said:

I just saw the street view...   I've seen a few appraisals lately in this area, very doubtful that anything on this block will appraise for $190      Sorry, no deal...

EE

[Eric Einholz]

I just saw the street view...   I've seen a few appraisals lately in this area, very doubtful that anything on this block will appraise for $190      Sorry, no deal...

EE

[Eric Einholz]

OK, I will follow up....   EE

[Joel Kraut]

80 Beverly, 2 fam, redone very well, new all.

 

3/1 over 3/1 seperate enterences,

 

Will rent roll at $2500-$2600, one tenant in already at $1,300 + utilities are seperate and roof is new as are systems.

 

Can sell for $135,000

 

Call Joel 732-598-0351

 

You will season and appraise for $190,000 and take all of your cash back out