So i brought a house in Trenton,NJ for 200 bucks...

Mr Rager

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Have any of you driven through or been to Trenton :scust:

I would never live there. Place is fukked. Good luck though, you can probably rent it out for about $800 or $900 a month, that's considered cheap around there
 

Mr Rager

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:whoo:damn...

Sit on it , then flip it when the tide turns...

Don't want to be negative, but the tide will probably never turn in Trenton :mjlol:
Sounds like he got a place around the station, those houses/apts are nothing but traps and gang hangouts :scust:
Oh yeah and there's always a bunch of homeless people wandering around

Good luck, OP :manny:
 

Swirv

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I think that's a waste of money. From what OP described, no one is buying in that area. Might as well sell it to a drug dealer for $3k and they can use it as a stash house :manny:
You only pay when it gets sold. Plus he's not out there to wheel and deal in person so it's better to have a professional handle it. Especially if there's no one out there he can trust. Usually you obtain a higher price for real estate when using a pro.
 

JahFocus CS

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Have any of you driven through or been to Trenton :scust:

I would never live there. Place is fukked. Good luck though, you can probably rent it out for about $800 or $900 a month, that's considered cheap around there

Really depressing place overall. Sad to see our folks struggling like that.
 

luciddreamer

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Don't want to be negative, but the tide will probably never turn in Trenton :mjlol:
Sounds like he got a place around the station, those houses/apts are nothing but traps and gang hangouts :scust:
Oh yeah and there's always a bunch of homeless people wandering around

Good luck, OP :manny:

:wow:...
Ya never know.... nothing lasts forever...
 

BaileyPark31

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What if a bunch of us coli brehs bought properties in this area and started fixing them up?

:ohhh:

This sounds like a good idea.

My only real concerns would be back taxes and the costs of demolishing a home if needed.

An ex of mine paid about 2500 for a house in a hood in Pa and paid about 4k+ to knock it down. But I guess if we had cash to rebuild it may be with it.

:ohhh:
 
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OP, before you start to do anything, you need to do a title search and lien search on the property. Typically these properties not only have back property taxes due (this can add up to a LOT of money), but city code violations, outstanding mortgages, utility balances, permit violations, chain of title could be clouded, etc.

Typically the investors I work with do this kind of due diligence before they buy any property, but shyt, for $200, it might be worth the risk. But in case it's not, don't go dumping money into a property you'll never make money on.

Use a site like this to obtain the title history: https://www.propertyshark.com/info/property-title-search/. If you want, PM me and I'll give you my email address and you can send me the report and I can let you know what came back on the search and what it means.
 
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