Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal


Real Estate Classifieds
Reviews & Feedback
Updated over 9 years ago on . Most recent reply

Diary of a 3/1 SFR Rent to Rehab - in Southern New Jersey
I've enjoyed reading so many of these deal diaries that I wanted to add one I am working on right now. I really think there is a ton of value added to our community by sharing what the life cycle of a deal looks like at every step.
The Subject of this deal is a 3/1 rancher build in 1920. I own a home in this neighborhood and really feel like it is a sweet spot for my area due to great price to rent ratios and lower than normal NJ taxes.
This is one of those deals that I made an offer and was rejected many times but the property had been on the MLS for months and eventually they came around. I told the agent I would be speaking with her monthly until they sell to someone else or accept my offer :)
Asking Price: 38000
Purchase Price: 20000
Rehab Estimate 18000
ARV: 70000
Taxes: 2400
Insurance: 600
Rent estimate: 1000-1100
This will be the largest rehab I have managed and will be documenting it every step of the way. I am performing the demo myself but 99% of the real work will be performed by professional trades.
So far I have had an electrician, plumber and GC in the home to bid / inspect and begin work.
Everyone loves pictures so here goes
Outside before:
Living Room before:
Bath before:
Classy bathroom ceiling:
Kitchen before:
Porch/ Sun room before:
Most Popular Reply

@Gerald Gatyas absolutely! I love talking about real estate, especially people interested in my farm area or Southern NJ in general. Send me an IM.