Investing in New Jersey

**zeeshandar** · 02-16-2009, 01:42 AM

Hello,

I am a newbie wanting to enter the real estate world and looking to purchase foreclosed houses or houses that need work to bring them back up to value.i need alot of advice.how would i go about doing that .i really dont want to keep the property for more then a couple months i want to buy it and sell it asap .

Please let me know you thoughts on it.

Thank you,
Zeeshan Dar

**jaymanftw** · 02-16-2009, 09:11 PM

In this market good luck with that. In my market area <Mercer county> there is tons of inventory. Supply and demand, it's a buyers market so in other words....Buy with the intent to hold onto it and rent it out, rather then flipping it because it really is a buyers market. Jaymanftw@gmail.com if you would like to talk real estate sometime!

**lexusolution** · 02-18-2009, 11:42 PM

There is a price that will sell a property in a place where there is qualified buyers.

Purchase at a price where you can offer a property real to sell lower than all the homes in the neighborhood. Only make low low offer that will give you the ability to sell at a great price.

then your home will be the best in the neighborhood and the best priced.

if there is a buyer in the neighborhood. Your home will be the best deal.

In heavy supply markets do not try and sell your home for market value. Buy at 30-50 of value and sell for 80 -90 percent of value. then short term selling will work for you.

thanks,
abdullah