All Forum Posts by: Gary McNally
Gary McNally has started 2 posts and replied 2 times.
Post: How to determine the value of a run down property that needs a rehab
- Posts 2
- Votes 2
Hello,
I'm looking at an off market deal for a 1030 sq ft single family home on a 0.66 acre lot in south New Jersey. The owner is willing to sell it very cheap knowing the house is extremely run down and needs a lot of love.
We can afford to buy it but we do not have the budget to rebuild the house.
I'm thinking we buy it and resell it to someone how has more expeirence rehabbing properties and has the money to invest in the work. My issue is, I don't know how to calculate what another developer might purchase it for.
Does anyone have any advice?
Thank you :)
Hi there, does anyone have any experience with vacant/underdeveloped land? I'm looking at a plot but looking for some guidance on what to look for while evaluating the deal. Zoning & Land Use is something that has a ton of importance and it seems like I need to understand how to establish road access and utilities (maybe they are already established – I’m not sure). If anyone has any experience with this and could give me some advice/guidance, it would be greatly appreciated. Thanks, Gary.