Flipping houses in New Jersey
Hello everyone. So I have been having a hard time finding discussions on flipping houses in New Jersey ( primarily East Orange, Irvington, Newark etc). Is this because it's highly suggested that one should not do this is those locations? I look forward to hearing from others.
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Parts of Newark are booming right now. The other 2 cities are lower income and parts have higher crime rates and lower rated schools, so generally, you have a different purchaser pool and probably not as great of a return in a fix and flip. Make sure if you do buy there that you get familiar with the markets so you can make sure not to over improve. Making real money on these is tough when property values are low across the board. Much better off finding the more rare gem of an older place in need of rehab in a neighborhood with more room in the deal to improve and resell for greater profit.