All Forum Posts by: Shain Ismailovski

I bought an empty lot of the land in Florida during the recession for $7000 market value now is around $26,000. I am considering building on the land. Estimated costs to build are around $160k. I want to turn around and sell it once it is done for 190K-200K. Is this reasonable or am I better off selling the empty lot and pocketing the difference? Or possibly even renting?

As New Jersey consistently ranks high on lists of states where its population is leaving in higher numbers that are moving in. Is the state still worth looking at for investment properties? Specifically, rental properties. I am interested in hearing everyone's thoughts and what you think

Based on your info it seems like it is definitely an investment worth considering. College towns can be a good source of potential renters, just be wary on the quality of renters that may attract (i.e party crazed college kids who might damage the property). How long has the house been on the market, as most sellers are "stuck on the price", but the reality of it depends on how long they have been trying to sell it. I would argue you can make it a point to offer a reduced price because some work still needs to be done on the property.