Auction Deal Won

[Dylan Onorevole]

Last month my clients closed on an a 3 bed 2 bath investment property in a lake community in Northern New Jersey for $162,000. Can you believe that price? Of course it's a little rundown but with only an estimated $100,000 fix up it'll rent easily for $2,500/mo.
We got this deal through auction; which was the main reason we got it so low.

[Chad U.]

Quote from @Dylan Onorevole:

Quote from @Chad U.:

Quote from @Dylan Onorevole:

Last month my clients closed on an a 3 bed 2 bath investment property in a lake community in Northern New Jersey for $162,000. Can you believe that price? Of course it's a little rundown but with only an estimated $100,000 fix up it'll rent easily for $2,500/mo.
We got this deal through auction; which was the main reason we got it so low.

With ONLY a 100K fix up?  Sounds like a lot of headache for a rental

 lol only may have been the wrong wording but my client has been in the construction industry for 35+ years and has done flips well over $100,000 (hence, the only). That being said, the property will also appraise for around $290,000. 

Ahh ok, if it's a contractor then much less of a headache.  The last 100K flip I did took about a decade off my life. Lol