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Updated over 6 years ago on . Most recent reply

User Stats

4
Posts
0
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Joseph Thompson
  • New Jersey
0
Votes |
4
Posts

Real Estate Investor/ Buying Cheap Property

Joseph Thompson
  • New Jersey
Posted

Hey guys I am 21 years old and looking to start my Realestate journey and I feel like a blessing just came into my arms. I have a huge question. The house next to mine is a complete piece of garbage inside and out but it is a property down the beach in New Jersey. Bottom line is my neighbor has not listed in on any market and he states that "all he has to go off of is the tax records". It seems like he really wants to get rid of this property badly as his wife just passed away. He stated that he just want to get rid of it without listing it or talking to a broker. I think this could be a golden opportunity. I have no Realestate knowledge at all. I am 21 and have little to no credit. What the heck do I do. Any suggestions welcomed. Thank you so much. 

Most Popular Reply

User Stats

18
Posts
10
Votes
Stephen Earley
  • New to Real Estate
  • Ridgewood, NJ
10
Votes |
18
Posts
Stephen Earley
  • New to Real Estate
  • Ridgewood, NJ
Replied

Can you provide some more info?

What beach in NJ?

Single Family?

Does he owe a mortgage?

Maybe you can suggest seller financing, 

What would be your end game, renovate and flip or are you in a strong rental market?

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