rehab in nyc??

Question

as i read these boreds over the last few days i see a lot of stories of people buying houses for 20k, 40k, 50k. That looks more like a mortgage payment to me.  Not to mention the cost of repairs (contractors) in nyc. I watched the show 'flip that house', and couldnt believe what they managed to get done by a contractor for 50k in texas.  Anybody do rehabs in nyc care to give an example? Not meaning the city but outer boroughs, long island, etc?? I am very interested in getting into REI, i currently have about 40k cash, plus another 70k or so in equity in my condo(can i leverage that to purchase?), but i am feeling like you need a hell of a lot of money to flip a house in ny, is it even feasable??

Diedre Bullah · Answer

I really dont know much about the NYC market but I've always thought of investing there because of the tons of money you can make from flipping.
I've seen a few properties in NYC that I would be interested in but because I live in CT I'm not too sure...I really want to invest in my own State but finding a property here is very hard....

I really like Far Rockaway though...I love the beach.

N/A N/A · Answer

Hello,

I live in NYC as well.  I am a real estate wholesaler, meaning that I sell real estate below retail, for rehabbers such as yourself.  If you like you can e-mail me for a interview questionare, and I should be able to answer your questions and find some real estate specifically for you.  Just e-mail me and ask for the questionare and I will help you out.