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The most important factor in determining the profit you earn when you buy, fix and flip a property is the price you pay to acquire the property.
The number of homes being offered for sale in NJ has increased by 12% with months’ supply up to 2.4 months compared to 2.0 months supply a year ago.
If you find an abandoned property you'd like to buy, check the local tax records or enlist a skip-tracing service in ordert to locate the owner so that you can make a purchase offer.
A fourfold increase in former office buildings being converted into apartments has occurred since 2021 in the US.
Never use a seller’s asking price as a gauge of market value for a property. A property owner may request any price for his property-this may or may not be anywhere near market value. The current market value of a residential property is based primarily on what a similar property has sold for in the last 6 months.
Owners of many office properties are struggling to find buyers due to high interest rates, and declining occupancy & cash flow.
