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Updated over 10 years ago on . Most recent reply

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15
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Umair Baig
  • Real estate investor
  • Passaic, NJ
0
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15
Posts

Possible First Deal

Umair Baig
  • Real estate investor
  • Passaic, NJ
Posted

Hey BiggerPockets!

I obtained this lead from a mailing campaign I sent out a week ago, I dropped by the property today and while I was speaking with the seller it turns out that there are actually two properties on one lot. One was a single family home approx 700 sq ft and the other was a 2 family home, all sitting one one lot of 28532 sq ft. While I was searching for comparable properties for the SFR, I had no problem doing that. On the other hand, when I tried searching the 2 family home I found no property information at all for that. The owner did mention that this is one of the few multi-family properties in Wayne, NJ and that there isn't many more of them in that town. Both properties get filed as one tax, so my question was if I found the ARV of the SFR how do I get the ARV of the 2 family home on the same lot with no records available. Any help will be greatly appreciated!

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