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Updated almost 6 years ago on . Most recent reply

User Stats

18
Posts
1
Votes
Phil Spadaro
  • Flipper/Rehabber
  • San Diego
1
Votes |
18
Posts

Trouble Comparing Rent

Phil Spadaro
  • Flipper/Rehabber
  • San Diego
Posted

I am a new investor ready to put in a cash offer on a property in new jersey with the intent to BRRRR. Short sell opportunity that looks promising from a purchase price/rehab cost/ ARV perspective. Where I am running into issues is comping rent in the area. I am having a terribly hard time finding hardly anything for rent in the immediate area. Is this a good problem? (Low supply) or red flag ( low supply because no demand)

I checked 

Craigslist

FB Marketplace

Zillow

Trulia

Rent.com

Are there any other places I should be checking. My Realtor seems to be having trouble finding comparable rents as well.

Any advice?

Most Popular Reply

User Stats

392
Posts
109
Votes
David Michael
  • Developer
  • Closter, NJ
109
Votes |
392
Posts
David Michael
  • Developer
  • Closter, NJ
Replied

Hello @Phil Spadaro 

Is your agent checking the local MLS?

If not have him/her check the MLS. If you would like I can run a comp analysis for you.
 

  • David Michael
  • Loading replies...