Flipper/Rehabber · Atlanta, GA · Member since 2014 · 166 posts · 88 votes
If you are just starting out. Which areas around NEW YORK CITY do you target your mailing list and marketing in (out of state overs specifically)? I ask because the homes around here are Very Expensive and thus would be harder to sell. Even to an investor.
What are your thoughts?
do you recommend I focus on another group maybe second morguage homes?
Use a service like Listsource.com to do research on your area. You can put in several zips and then narrow down by owner type (absentee, owner occupied) and many other factors (% equity, Total Assessed Value of the property, etc.). This will really help you to see how many houses are within the type and value range that you are looking for
@Ricardo S. The price of the homes are higher, but if it's a good deal, then the money will still come. I'm located in Orange County, CA, so i'm familiar with the high price of homes, but the deals are still out there. Don't let the price scare you off and just look for the motivated sellers.
For example, if a seller is willing to sell you the house for $500k with minimal fixing, but the ARV is $800k, i'm confident that a buyer will jump in quick to take that off your hands.