Flipping houses in Jersey City, NJ is an attractive opportunity, especially when you consider Jersey City's proximity to New York City. Home Buyers in the city can reap the benefits of the big city, while also having the luxury of a more family-friendly neighborhood. House flippers in New Jersey will be impressed to see what one real estate investor was able to do with a fix-and-flip loan from Upright in Jersey City. Keep reading to learn more about this recent fixer-upper project from one of Upright's experienced borrowers.
The New Jersey home flipper performed an extensive rehab on the property, certain to make the house a beautiful home for the next owner. Upright provided assistance to the house-flipping team in beautifying this Jersey City investment property by providing them with a short-term fix-and-flip bridge loan.
Check out the video below to see how this New Jersey home looked after the renovations. The real estate investor did an astounding job of increasing the value of this property, not far outside of New York City.
This NJ house flipper saw an enticing chance to rehab this home, originally built in 1900, and make some money by financing with an Upright fix-and-flip loan. After completing the revitalization, the real estate investor listed the property for nearly double the purchase price! The newly flipped house features a custom kitchen with custom cabinets, quartz countertops, glass backsplash, and stainless steel high-tech Samsung appliances, 3 bedrooms, 3.5 bathrooms, hardwood floors throughout, a WiFi thermostat, two living rooms, LED lights, and more!
3 Stats You Need To Know for Flipping Houses in Jersey City, NJ
Flipping houses in Jersey City, NJ can be a financially rewarding opportunity to knowledgeable real estate investors. If you plan to flip houses in Indianapolis in the near future, check out these important stats to get you started:
- According to Zillow, the median home value in Jersey City is just above $550,000.
- The median home size in Jersey City is 1,200 sq. ft.
- The median household income in Jersey City is $136,679 as of 2019.
Are You Ready to Start Flipping Homes in New Jersey?
Do you have an investment property ready for a transformation like this one? Apply in under two minutes to get fast funding for your next real estate deal. Check out our Hard Money Lender team in New Jersey or Click below to get started:
Looking for an alternative to stocks? Real estate investing can earn up to 9% annual returns on pre-vetted, low LTV, real estate-secured loans. Upright offers industry-leading visibility into each project, enabling investors to be highly selective in the loans they choose to fund. Click below to make an investment today!
