Re: A Case Study in What's wrong with JC Real Estate:
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Home away from home
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It depends on what it was assessed for and what it sells for. a good attorney can fight to lower the taxes too.
Posted on: 2009/4/30 0:59
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Re: A Case Study in What's wrong with JC Real Estate:
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Home away from home
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xerxes-whats your correction ? all I know is my nut is covered by the tenants. (Thanks tenants)
I think I know which 3 family that is. its worth about $150k needs another $50 k in renovations inc separating the heat. would bring in atleast $36,000 per year. thats renovated a 2br for 1000 per unit its a REO property so the bank is just looking to unload it. loan of $160K x 6.5 rate =$1040 water per month $100 hall utilites $50 taxes $400 insurance $200 total operating $1790 per month monthly income $3000 per month APPROX CASH FLOW $1210 PER MONTH
Posted on: 2009/4/29 19:24
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Re: A Case Study in What's wrong with JC Real Estate:
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Home away from home
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xerxes -the #'s are even better now for a landlord. usually good 6 -10 familiy properties in the heights & JSQ are 10x-12x rent right now. The larger buildings 20 plus units are even better.
areas like greenville and bergen are seeing even better ratios.
Posted on: 2009/4/28 14:50
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Re: 50 arrested in raids throughout Greenville and Lafayette sections of Jersey City
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Home away from home
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the JCPD couldn't throw a photo of that craigslist killer in there? the aclu is gonna have a field day with this one
Posted on: 2009/4/22 4:23
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Re: Heights: Landlord broke into tenant's apartment and exposed himself
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something tells me there are two more sides to this story.
I have a feeling that in the past she may have provided a special service in lieu of a late fee but didnt specify her hours of operation...
Posted on: 2009/4/13 16:42
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Re: Heights Boxing "Fight Club" Takes Life of 14-year-old Boy
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Home away from home
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SkepticalHook-you are an absolute clown. these kids are 14 yrs old and it wasnt past a curfew. The kid was hit in the chest 1x. He either had a heart defect or the punch just happened to stop his heartbeat.
This happens in many sports inc lacrosse, baseball, football etc. Last time I checked head gear doesnt protect the chest area. They were wearing boxing gloves which have padding and do offer protection against these types of injuries. Its a freak accident bottom line. Stop whining and trying to blame someone. No normal parents watch their child 24-7. the kids were in a park across the street from their houses. now is the time to mourn rather than finger point and accuse the parents of neglect. RIP
Posted on: 2009/4/9 21:05
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Re: Is the rental market downtown crazy slow?
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Home away from home
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There are a few reasons why they do this. 1st it is to reduces the strains of rent control and the other is to inflate the rent roll when they try to sell the building.
I saw this a few years ago when I bought a building based on the leases and rent roll. It turned out the rents were inflated by the 13th free month. No where in the leases did it state this.
Posted on: 2009/4/7 19:39
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Re: Read before you rent at 56 Jordan Avenue, Jersey City
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Home away from home
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Very Funny wibbit
I dont get bent out of shape over little things like that. Also no tenant would ever move into one of my units without the lease in their possesion. The guy does sound like a nut
Posted on: 2009/4/6 23:00
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Re: TIME TO FIGHT BACK - Re: Heights Reservoir Avenue store robbed at gun point at 7:30 p.m
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Home away from home
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the other day some lady littered in front of one of my properties right after I swept it up...I said pick it up lady...she walked over picked it up and said this isnt u property. I told her actually it is..in reality I wasnt that nice.
Get rid of welfare and section 8 in JC and 90% of the problem is eliminated. I really think something needs to be done regarding healthy people that dont work and receive assistance. Why do they need to live in a city ? the point of living in a city is to take advantage of the job market etc. Cant we build welfare cities in the desert somewhere or take delapitated cities in detroit etc and make them welfare citiies?
Posted on: 2009/4/1 23:07
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Re: Greenville : Third shooting in five days /19yo man torn up by bullets yesterday afternoon -3 Caught
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Home away from home
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Please do not ever use Healy's name in the same sentence as Guiliani. The title mayor is all they have in common...It's like me comparing my high school football career as a QB to Tom Brady's career....
Posted on: 2009/4/1 0:32
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Re: Greenville : Third shooting in five days /19yo man torn up by bullets yesterday afternoon -3 Caught
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Home away from home
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The JC school system should implement a program to teach these kids how to shoot more accurately.
It will result in more efficient shootings which in turn will lower (tax payer) hospital bills and avoid innocent bystanders from getting caught up the crossfire. not to mention it will lower the gang population in Jersey City. another solution is to give these gang members more powerful handguns. these 9 mm just don't get the job done.
Posted on: 2009/3/31 13:53
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Re: REMINDER: Backflow Preventer Information Session 3/30/09
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Home away from home
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For those of us that cannot attend can someone ask if the details can be posted on the www.cityofjerseycity.com website.
thanks
Posted on: 2009/3/30 18:11
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Re: "We'll help you leave" High Tax Hoboken for Jersey City -- Honest, but Rude, Truth on Billboard
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Home away from home
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crushthedemoniac- Ill tell you how gentrification helps a city.
I'll paint a picture for you hows that. A 20 unit rent controlled building with most if not all of its tenants on welfare and section 8. There are a total of 40 school age children living in this building. thats 2 per unit(i'm lowballing its more like 4 per unit). Remember the parents don't pay rent,taxes and few in the building work. The annual taxes on the building are $15,000 per yr. A developer comes along and buys the building He/she proceeds to negotiate with the tenants to buy them out. They all jump at the cash offers to vacate. The developer gut renovates the building meanwhile employing local laborers and contractors. After 18 months all 20 units sell to the new condo owners. Yes many of these new owners are the dreaded yuppies. The avg tax on this 20 unit building is 5,000 per unit. that equates $100,000 in tax revenue to the city. There are now a total of 5 school age children(thats a high ball #, more like 1 or 2 children) in the building and none go to the local public schools. this is very common amongst yuppies. These yuppies also pump $ into the local economy by dining shopping etc paying more taxes and creating local jobs for restaurants shops etc not to mention more useless govt jobs. lets not forget to mention that many of the previous tenants that occupied the building and their children will end up in the legal system and increase the need for police etc.The sad reality is crime and poverty go hand in hand. thats how yuppies help a city unless of course you would rather have a disfunctional city. if thats the case move to Camden,NJ. dont't forget to send us a postcard.
Posted on: 2009/3/27 16:48
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Re: REMINDER: Backflow Preventer Information Session 3/30/09
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Home away from home
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I heard a rumor that if Healy gets re elected hes going to create 3000 plumbing jobs in JC by making sprinklers mandatory all buildings....
Posted on: 2009/3/27 1:15
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Re: Is the rental market downtown crazy slow?
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Home away from home
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agreed. If i'm representing a client , I will always do credit checks. Not worth the headache plus my reputation is on the line.
Posted on: 2009/3/26 22:38
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Re: "We'll help you leave" High Tax Hoboken for Jersey City -- Honest, but Rude, Truth on Billboard
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Mr Wolf-iI couldn't agree with you more. How come it seems the ones crying rascism and sexism are the most malicious? Victoria is threatening to have her lesbian friends beat me up...Some peeps gotsta get a life !
Posted on: 2009/3/26 20:17
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Re: "We'll help you leave" High Tax Hoboken for Jersey City -- Honest, but Rude, Truth on Billboard
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Home away from home
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Victoria, I guess I was right? Also please dont put words in my mouth. I never mentioned anything about lesbians either. When did I say anything about MLK or primitive? I think your confusing me with another poster or your just trying to spin me into somethin im not. Your hate disgusts me. Get a fkn life...oh... and shave your pits you skank.
Posted on: 2009/3/26 20:04
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Re: "We'll help you leave" High Tax Hoboken for Jersey City -- Honest, but Rude, Truth on Billboard
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Home away from home
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Let me start out by saying that I am the farthest thing from a yuppie. I will admit it can be a little much in hoboken......
I think the hate being portrayed on this board is more about the haves vs the have nots. worry about yourselves. Stop whining. I have liberal and conservative friends living in Hoboken. Some are musicians, artists and others are in corporate.its not all one type. Do me a favor grab a beer on a sunny friday outside texas arizona and tell me how the women look that get off the path train. maybe thats just it ! Cant score the hot chicks? or maybe your one of those angry chicks that doesnt shave her arm pits?
Posted on: 2009/3/25 23:51
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Re: Is the rental market downtown crazy slow?
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Home away from home
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empire state building view. I'm sure you will get what your asking.
Posted on: 2009/3/24 21:33
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Re: Is the rental market downtown crazy slow?
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Home away from home
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It included a parking spot, does yours?
Posted on: 2009/3/24 21:10
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Re: Is the rental market downtown crazy slow?
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Its a fact? the same apartment would go for atleast $1800 in hoboken so I think its all relative. The renter looked at hoboken and downtown JC as well so I dont think I took advantage of anyone. Wow there are some real losers on this board.
Posted on: 2009/3/24 20:39
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Re: Is the rental market downtown crazy slow?
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Home away from home
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Those were facts in order to make my case. I was defending my track record by stating what experience I have in real estate. It might come off as bragging.
I'd like to take you up on the ass kicking you want to give me but I have to much to lose. Just out of curiosity,What style fight would we be partaking in. Bare Knuckle brawl? MMA? No rules or how about just straight up box wit 3 -3 minute rounds. Im pretty well rounded.
Posted on: 2009/3/24 20:33
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Re: Is the rental market downtown crazy slow?
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I was acting as a real estate agent. Is that bragging by giving positive news about the rental market.? Your negativity is whats pathetic. Go back to your hovel you sad little person.
dont hate the playa......
Posted on: 2009/3/24 19:08
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Re: Is the rental market downtown crazy slow?
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Home away from home
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Is that a fact or is that your opinion?
Posted on: 2009/3/24 17:21
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Re: Is the rental market downtown crazy slow?
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Why? because its a stones throw to hoboken and the lightrail. I'd rather be near Hoboken anyway. Thats just my opinion. as well as the person I rented to.
Posted on: 2009/3/24 17:02
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Re: Lincoln Park: Jersey City police dog subdues teen car theft suspects
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Home away from home
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The ACLU left out the fact that he was an unemployed 25 yr old male driving a $100,000 mercedes with spinners.
I Guess he dropped off the stash already? lets talk about the 4 cops in Oakland that lost their lives while conducting a routine stop on a convicted felon.... God rest their souls.
Posted on: 2009/3/24 15:56
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Re: Is the rental market downtown crazy slow?
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Home away from home
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yes ogden ave in the heights
Posted on: 2009/3/24 15:07
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Re: Bergen Lafayette: 8 Jersey City cops subdue carjack suspect high on narcotics
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Home away from home
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How come JCPD doesnt have Tasers?? Let me guess??
Posted on: 2009/3/24 15:06
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Re: Is the rental market downtown crazy slow?
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Home away from home
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I probably could have gotten slightly 1000 if I waited. But 1 month lost rent is approx $85 per month off the rent. over $1020 is the number I was getting.
My prices were a little above market from what I was told during good times. less profit is better than geting foreclosed on....Isnt it?
Posted on: 2009/3/23 14:06
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