First investment in westchester
Hello everyone, me and my wife are be looking houses for flip in the last 3 months and is being challenging finding deals any advice for new investors like us
Not to sound like a jerk, but it may depend on what you define as "a deal."
Westchester is an expensive market. For me, I accept not having positive cashflow for a few years. I also have many time constraints and thus can't do/manage massive rehabs. That is me, everyone is different.
Joe
Hey @Alex Gonzalez - have you already attended a local meetup or two? That would help you brush shoulders with wholesalers and other investors that will have offmarket inventory that might work.
To the other person's point that posted as well, what's a "deal" to you. If a deal to you is unrealistic profit amount, then this market might not be the best fit for you.
It's all based on the individual investor's deal criteria.
-
Broker New York (#10401359681)
- 929-349-8042
- http://www.ClosedByMo.com
- [email protected]
Quote from @Mohammed Rahman:
Hey @Alex Gonzalez - have you already attended a local meetup or two? That would help you brush shoulders with wholesalers and other investors that will have offmarket inventory that might work.
To the other person's point that posted as well, what's a "deal" to you. If a deal to you is unrealistic profit amount, then this market might not be the best fit for you.
It's all based on the individual investor's deal criteria.
Hey By deal I mean properties with good value,
Quote from @Mohammed Rahman:
Hey @Alex Gonzalez - have you already attended a local meetup or two? That would help you brush shoulders with wholesalers and other investors that will have offmarket inventory that might work.
To the other person's point that posted as well, what's a "deal" to you. If a deal to you is unrealistic profit amount, then this market might not be the best fit for you.
It's all based on the individual investor's deal criteria.
We are having hard time to find properties within a decent price anf our realtor sent us mostly houses that are in Zillow and other similar apps, any idea if there is other source to find possible flips??
Quote from @Joe Jor:
Not to sound like a jerk, but it may depend on what you define as "a deal."
Westchester is an expensive market. For me, I accept not having positive cashflow for a few years. I also have many time constraints and thus can't do/manage massive rehabs. That is me, everyone is different.
Hey Joe by a deal I mean properties with some future value. Every time we see a property posted in one of the apps ( Zillow,Redfin) when we tried to make an offer we were already late
Quote from @Alex Gonzalez:
Quote from @Mohammed Rahman:
Hey @Alex Gonzalez - have you already attended a local meetup or two? That would help you brush shoulders with wholesalers and other investors that will have offmarket inventory that might work.
To the other person's point that posted as well, what's a "deal" to you. If a deal to you is unrealistic profit amount, then this market might not be the best fit for you.
It's all based on the individual investor's deal criteria.
We are having hard time to find properties within a decent price anf our realtor sent us mostly houses that are in Zillow and other similar apps, any idea if there is other source to find possible flips??
Haha that's the $1B question almost every real estate investor asks... if there was a secret website like Zillow for investors then it wouldn't make much sense since every investors would be able to access it and bid up the prices.
-
Broker New York (#10401359681)
- 929-349-8042
- http://www.ClosedByMo.com
- [email protected]