Jersey Shore Cash Property

[Carlos Rodrigues]

Good evening BP my name is Carlos and I work as a photovoltaic electrician and I was doing a installation in Keansburg NJ and at the end of the day I saw a for sale sign. The sign said for sale asking $23,900 cash, it was a single story small house with a detached garage on a corner. and for those that don't know Keansburg was flooded by Hurricane Sandy back in 2013. I do know that there are many vacant properties there now and that they by law have to be raised 6-12'. This property wasn't raised and most likely need to et completely gutted. My question is has anyone on here worked, invested or dealt with properties on the Jersey Shore? Also I have little to no knowledge when I comes to flipping properties. But here in NJ you'll never see properties for $20,000. You'll be lucky to find them under $100k. So that's why this property caught my eye. And recommendations on what I should do? Partners, PM me.. Thank you.

[Mark Gee]

@Carlos Rodrigues I have some rentals in Keansburg that are working out very well.  I think there's a fair amount of upside for those who have the knowledge & patience to remodel/repair.  The amusement park there is actually kind of nice & the beach has NYC views. 

I would recommend looking at some properties in town and finding the right situation.  My guess is that Keansburg is the least expensive cost per sq ft in all of Monmouth County, perhaps in all of New Jersey.  But it only works for a patient investor as there's still a lot of work to be done.