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Updated almost 7 years ago on . Most recent reply
Multifamily house in NJ
Hey guys,
Been taking it steady with investing, buying a property every few years and learning as much as I am able. Recently I have been presented with an opportunity to buy a house three blocks from the shore in Belmar New Jersey. The lady is interested in seller financing and the house a 5 bed 5 bath that is split up into four different units. Majority of the homes in the area are being sold as "single family", and this type of multi family house seems to be going out of style.
What im thinking about doing is offering her seller financing, wait for the leases to end on the tenants and then renovate and sell. But Im not sure where to start since this is a out of state investment.
Or maybe I should wholesale it?
Anyone done any out of state flips?
Most Popular Reply
Joesph Holloway Good day Joseph, I used to work at the premier club in Belmar, D’Jais, and know the area quite well. I am interested in hearing more about this property. Please send me a pm if you would like to discuss this privately. Thank you.