Skip to main content

Here is The Top Fix & Flip City In New Jersey

Newark, New Jersey 




Newark, is a nationally recognized city. It is home to one of the nation’s largest airports (EWR) and also a bustling fix and flip industry! Newark is transitioning through a resurgence; attracting popular retailers such as Whole Foods and Nike.
Many real estate investors are looking to get their foot in the door of this early resurrection, thus, Newark’s prominence on our list. Fix and Flip investors command an outstanding average return on investment (ROI) of 182%, the second highest percentage on our list! Highly profitable investors tend to capitalize on growing trends before the masses do. Smart investors seem to be reading the trends in New Jersey and profiting in Newark.
  • Zip Code: 07107
  • Q1 Home Flipping Rate (Pct of Sales): 15%
  • Avg. Days to Flip:185
  • Flipping Gross Profit: $166,500*
  • Number of Flips: 12
  • Gross ROI: 182%

CASE STUDY OF A Fix And Flip Loan In Newark NJ 

Our investors buckled down to get this property live-in ready quickly! They did such a great job that they were able to find a buyer and pay off their hard money loan in just under six months, earning $178,000 in profit on just one flip!

Address: Newark, NJ
Borrower Profile: Experienced Investors
Work Description: Interior Upgrades & Renovation
Purchase Price: $136,000
Renovation Budget: $85,000
Loan Amount: $186,000
Cash Available for Purchase: $101,000
Cash Available for Renovation: $85,000
Loan Structure: 12 months interest only
Loan Purpose: Property Purchase And Rehabilitation
ARV: $289,000
Sale Price: $379,000
Time To Pay Off: 5.5 Months

Comments

Post a Comment

Popular posts from this blog

Secured vs. Unsecured Business Credit Cards: Which is Better?

Secured vs. Unsecured Business Credit Cards: Which is Better?                 Having a bad credit report can surely become a hindrance in establishing your business. Most likely, you will have difficulty in trying to persuade lenders to give you a business credit account, which can be very significant for your company. Without business credit for back up, you are placing your company at a very huge threat of running out of cash and even a possible stop in its operations. Your credit score may not be very constructive to your reputation, you may have very limited options –either you get an unsecured bad debt credit card or a secured credit card . In this article, let us know the difference between these two credit cards and how they can help your business, especially if you have bad credit. The Difference between a Secured and an Unsecured Credit Card A secured credit card would basically requ...
1 comment
Read more

Get The Capital Your Business Needs in Canada

Since we launched iSmallBizCredit, by far the most frequent piece of feedback we received was: you need to make it possible for people outside the US to obtain working capital and business funding financing. Starting Tuesday February 20, 2018, iSmallBizCredit all in one merchant platform will be available for use by any business based in Canada. It’s an integrated payment processing and business lending platform that we offer in the US now. A payment processing and merchant account platform combined with the ability to obtain business financing within 24 hours. Thanks to our friends in Canada for helping us launch!!! We've been testing our service in Canada over the winter. In many ways, launching in Canada is a big step for us. At iSmallBizCredit, our extensive industry knowledge and technology has allowed us to revolutionize the alternative funding system, making working with us a seamless experience. We have one goal in mind which is to provide the best poss...
1 comment
Read more

Why The EB-5 Program Works Well For Real Estate Investments

Since the financial crisis of 2008, traditional lenders have significantly tightened their purse straps, and many developers have subsequently resorted to seeking alternative funding sources. One alternative financing source that is gaining popularity stems from the EB-5 visa program, where foreign investors invest capital into the United States in exchange for green cards. What Exactly Is EB-5? The EB-5 program provides foreign investors with the opportunity to obtain a green card in exchange for investing $500,000 to $1 million in a U.S. business venture. However, there are conditions attached to the investment capital: each investor’s capital must create at least 10 full-time jobs for U.S. workers. Why Do Real Estate Developers Like EB-5? Real estate developers seek EB-5 funding because of the relatively low interest rates and no personal guarantees. Interest rates on EB-5 projects can be as low as 2 percent and rarely exceed 6 percent. The market standard term fo...
Post a Comment
Read more