What do you guys think about this (NJ) investment property?

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  • Investor · Minneapolis, MN · Member since 2017 · 23 posts · 7 votes
    9y
    I'd suggest finding out more information about that particular property. It may possibly be sold, Zillow can take awhile to update statuses. Also, go to the county site and compare what the assessed value is vs asking price and use the number of days it has been listed for sale as leverage, if you choose inquire about this property. Oh, don't forget to check comps:) A realtor in your area would also be clutch, for questions!
  • Investor · Cleveland, OH · Member since 2015 · 6k+ posts · 2k+ votes
    9y

    As it's a short sale, and the comps LOOK to be well over $200k, if the Lender will let you have it for $180k, then it could well be a winner (so long as it doesn't also need $50k+ rehab). But things like: regular shootings in the next block - mean that I certainly recommend you make sure you have a trusted LOCAL team (Property Manager; Contractor/s) in place FIRST - so, ask THEM! All the best.

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