12 September 2024 | 9 replies
Get better pictures, stage the space and make sure it looks and smells great.
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13 September 2024 | 12 replies
I know it sounds crazy or ridiculous but to each their own strategy.Also, the duplex and triplex space in our area is filled with house hacker types.
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12 September 2024 | 9 replies
To save on costs they can't pay their staff nearly as well, leading to good employees leaving for better opportunities in the for-profit space.
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11 September 2024 | 11 replies
Quote from @Mark F.: Quote from @Jackson Ebersole: Hi Piper,It's always smart to flip properties in-state, and I'd like to share some updated insights on why this approach is beneficial, especially in the New Jersey area.Lenders typically feel more comfortable with in-state flips because:You can manage the rehab more easilyYou have better knowledge of local real estate trends and valuesYou can respond quickly to issues or make decisions fasterThere's a lower risk of fraud or being taken advantage of by distant partnersI can help you with recommendations for the New Jersey market:North Bergen: Continues to show strong potential, with average profits now around $150,000 per flip and a gross ROI of 85%.Willingboro: While specific flip numbers aren't available, the market remains active with a gross ROI now averaging around 130%.Gloucester City: Still a top performer, with gross ROI hovering around 180-190%, though still on smaller profit margins.Irvington: Home values have continued to rise, with a 20% increase over the past two years.East Orange: Has seen steady growth, with home values up by about 16% since 2022.Paterson: Experienced a 14% increase in home values over the last two years.Additionally, Jersey City and Newark have emerged as promising markets for flips, with strong appreciation rates and growing demand.
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12 September 2024 | 28 replies
I actually think I could get closer to $1,500/mo for this one because it's so nicely finished, and also has 2 additional finished rooms that could be office and storage space/dressing room.
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12 September 2024 | 7 replies
Maybe take the bricks out and space them throughout the driveway replacing the removed bricks with the ones you took out to place the old bricks???
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11 September 2024 | 4 replies
Some municipalities like Dekalb County and Decatur require the homeowner to live on the property.ADUs should be at most 40% of the main residence's floor space, with a maximum size of 800 square feet in some areas.
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11 September 2024 | 38 replies
Quote from @Mark Showalter: A few years ago I had four rentals in Birmingham and was very satisfied with Barrington Real Estate which managed my properties.https://www.barringtonrealesta...
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12 September 2024 | 7 replies
All the county told me is that I'll have to do some landscaping work, add extra parking spaces, but I don't know anything about the stormwater plan.
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10 September 2024 | 7 replies
If Planning does determine the existence of your ground floor unit, it will require you to legalize the unit through the existing Planning code process assuming zoning supports the third unit OR using the new ADU program making your fast track condo conversion a passing dream.With regards, to some of your latter comments and questions:1) Any un-permitted work (including corrections) is not a good idea as a quick compliant from a neighbor can bring an inspector knocking on your door with a NOV especially in the current environment where everyone is SIP.2) Legalizing existing constructed spaces can be hit and miss based on the inspector you get.