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Real Estate Deal Analysis & Advice

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Naseera Mohamed
  • Jersey City, NJ
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3rd deal done

Naseera Mohamed
  • Jersey City, NJ
Posted Nov 16 2014, 07:09

Happy to share with BP that my 3rd deal is done for an REO 2-family house in Jersey City. The good thing is the whole house has been renovated except for the basement .

Cost -270K 

Rehab for basement estimate -$15000 

Expected rent -$1650- 3 BR/1 bath unit 

                         $2300-3 BR /2 full bath with basement 

Detached garages available .

This is an attached house . Wanted to share another great idea I saw in the adjacent house. The owner had put in a staircase on the outside of the detached garage, from the backyard and put up a little garden with seating etc, on top of the garage! Beautiful ! 

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