Ugly house...Great Location

[Jairo Paredes]

Investment Info:

Single-family residence other investment in North Bergen.

Purchase price: $330,000

Purchased a fixer upper in North Bergen's doctors row.

What made you interested in investing in this type of deal?

Live in the area and have always been interested in this particular house. It went into foreclosure and the bank won it back.

How did you find this deal and how did you negotiate it?

Got it on Xome.

How did you add value to the deal?

Tenants moved out last month and now moving forward with the next phase. Had it on the market while it was occupied and received 3 offers. Took it off the market and now reviewing options.

What was the outcome?

Still in progress. However, the market value in this particular block is good. So this should sell quickly once renovated. It could also sell as an As Is property.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Although I got this via Xome, I used Derek Gomez as my broker. He is my RE agent for all my sales.