Subring Properties For Sale
I would fix these issues out of pocket with a contractor. Basically it was cyclic, make repairs, put the house on the market for 6 months, no interest (always at least 2 foreclosures or short sales on same street, and it's not a big street), then end up renting it out for cash flow. All said and done, I have sunk close to $25k in empty mortgage payments and repairs. Right now I am looking at $5-8k in repairs to make the home "buyable" on the sales market, but I know from researching the local MLS transactions that the majority of the buyers here are investors not looking for improvements. There are currently 3 foreclosed homes and two other rentals within sight from the front yard. The realtor I am speaking with told me that it is a "hot market" for rentals, but I do not want to keep repeating the same money pit cycle and could use less stress, so I want to get rid of it. After realtor fees, bargaining, and the aforementioned $5-8k in repairs, I estimate that I would have to bring $25k cash to the table to sell, of it sells which I do not have laying around.
Subring properties for sale in nj
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