What sort of budget range are you looking at? That would certainly point you to certain areas to start searching.
@Jeff Morys Best advice I can give is to start networking. Start attending local RE meetups. Very hard to find any good deals now in Nassau. Everything is over priced.
@Jeff Morys congrats on getting into RE. The first thing I would do is get educated. Find a local mentor who is doing what your looking to do and pair up with him/her. You could also do an online coaching program. Find someone who is an expert in sector of RE your doing.
@Christopher Phillips Thank you for getting back to me. I am now trying to use this homepage more often for its recourses. I am looking in competitive market which makes it difficult to find deals. I am having a hard time finding a deal that makes sense to flip or rehab and rent. The numbers do not add up.
@Thomas N. Thank you Thomas. You are so right. I am having a hard time getting the numbers right. Flip deals are hard to come by that make sense and even rehabbing and renting seems challenging. How do I calculate accurate expenses for a possible rental unit?
Pretty much when the market is super tight, you have to make deals happen. Usually, by buying off market.
There are tons of homes going to foreclosure every week in every town of every price range. Many of them are over priced, but things are out there to analyze as prospects.
@Jeff Morys You have to buy off-market as Christopher said. And you need to have lump sump of cash to close quickly in a competitive market. Some people are still making deals work at courthouse auction because it is still a lot cheaper than MLS deals that everyone can find.