Orange NJ - Flipping Spreads and Holding times

[Martin Sterling]

Do any of you guys flip in C class neighborhoods out in Orange or Newark New Jersey?

If so, what kind of spreads are you seeing out there.

I had a deal:

2 Family

85k purchase

60k repair (turned into 67k)

220k Projected Appraisal

Good Deal? Bad Deal? Ok Deal?

Also, how long are you having to hold in these C class neighborhoods. I'm hoping to be out of the deal in 6 months. Is that your experience?

If not, what are you doing to make it sell faster? 

We have granite. Stainless steel appliances. Finished floors. Nothing too crazy

Thanks In Advance