Updated over 5 years ago on . Most recent reply
Selling a condo mid-flip in Northern NJ
Hello everyone! Recently I purchased my first condo in Hackensack, NJ and was in the process of renovating it to resell. It needed a bit of work but was not in horrible condition. I've already done a few minor changes and the place looks much better than before. For the most part, the unit is almost done and just needs a few improvements done in the kitchen mainly. The only problem is that the costs to renovate are a bit above my budget at the moment.
I have another venture that I would like to participate in but since a good portion of my money has been tied up in renovation costs with little left in my savings, I'm left with no other option but to sell the condo. I do realize that I was so excited to get started at investing that I made the mistake of jumping in without factoring in what the exact cost of renovations would be from the very beginning. I have definitely learned my lesson.
Does anyone have any advice on what I should do to market the condo to investors that might be interested? Any advice and suggestions are greatly appreciated. Thanks!