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Updated almost 5 years ago,

User Stats

115
Posts
39
Votes
Jake Drappi
  • New to Real Estate
  • Brick, NJ
39
Votes |
115
Posts

Multi Family in New Jersey

Jake Drappi
  • New to Real Estate
  • Brick, NJ
Posted

I have recently been looking at multi families, as I intend on making my first deal when this virus is all over.  I am open to doing a deal during this, but I believe it will be difficult to find tenants during this time unless I can find a really good deal.  I have been at least reaching out to agents with listings that I would consider, but within a day or two of these listings being posted, they all typically have deals over asking price within a day or two.  I am asking for feedback on just how competitive this market is.  I have checked on roughly 7 listings and every time, the agent tells me I am too late, she has multiple offers above asking, etc.  And this is within 24-48 hours of the listing being posted!!!! Any advice would be greatly appreciated.  Also, if anyone has any books they would recommend, I am using this down time to study and learn, so I am very open to suggestions.  Just finished Rich Dad Poor Dad, Grit, Start with Why, The Little Red Book of Selling, and a few others.  All great reads.

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