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Updated about 8 years ago on . Most recent reply

User Stats

3
Posts
1
Votes
Remmoy Hewling
  • Newark, NJ
1
Votes |
3
Posts

Purchasing my first property to flip HELP NEEDED!

Remmoy Hewling
  • Newark, NJ
Posted

Good Afternoon

Hi, I’m new to the community and looking for my first flip. I do not intend to buy and hold as I think at this point in life I’m not looking for the security of passive income as I’m more interested in learning the “game” both good and bad and not having my funds tied. I’m located in the NYC area, but unfortunately, I do not think I will able to find any deals in my city because of rampant real estate prices. I’m looking for any properties in NY, NJ, Philadelphia areas. My budget is about $50k on acquisition of the property and about $100K to rehab the property. I’m looking for all ANY advice on how to proceed with my first flip, such as auctions or people or places in general I can acquire the first property. Thanks in advance. 

Most Popular Reply

User Stats

420
Posts
320
Votes
Stephanie Jacobson
  • Real Estate Agent
  • Syracuse Binghamton and Ithaca, NY
320
Votes |
420
Posts
Stephanie Jacobson
  • Real Estate Agent
  • Syracuse Binghamton and Ithaca, NY
Replied

@Chris K. is right, your budget would ABSOLUTELY work in Binghamton. Please let me know if you'd like to check things out here!

  • Stephanie Jacobson

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