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Updated over 2 years ago on . Most recent reply

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2
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Dierdra Walsh
  • freehold, nj
1
Votes |
2
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Why are investors flipping houses in Willingboro, NJ?

Dierdra Walsh
  • freehold, nj
Posted

Hello,

I'm looking to buy a house for myself to possibly live in. I noticed investors flipping houses in Willingboro, NJ? I see a lot of mixed reviews on the town itself. Many say the school district is terrible, there is a lot of crime, etc. If so, why are investors taking the time to flip homes? Do they see a projected future for this town or are they catering to the people within the town since they are still cheap prices (after renovating)

Most Popular Reply

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134
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97
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Noel Challenger
  • Realtor
  • Paterson, NJ
97
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134
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Noel Challenger
  • Realtor
  • Paterson, NJ
Replied

I looked into some stats for Willingboro, NJ and here is what I found: 

Median Household Income: $67,572

Median Home Value: $160,000

Rent vs. Own: 18% Rent & 82% Own

This is why investors are there flipping houses. Most investors look for neighborhoods that it seems people are wanting to move out of but many times it isn't the case.

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