Updated almost 6 years ago on .
NJ Buy, Renovate, Refinance, Rent
Investment Info:
Single-family residence buy & hold investment.
Bought a foreclosure in Neptune City, NJ with spouse. Renovated interior and it's currently a rental property. Bought property with cash. Later on took out a HELOC for cash flow.
What made you interested in investing in this type of deal?
Great location, spouse works in construction, I have background in construction.
How did you finance this deal?
Cash from family member, then took out a mortgage to pay back
How did you add value to the deal?
Bought house for 176k, house appraised for 340k after renovations