All Forum Posts by: Lauren Victoria

@Vincent Priore Thanks for the welcome! and thank you for your tips. I will definitely look into that further!

@dustin 

@Dustin Lauer thank you Dustin. I know some people who do it that way too, and seeing as I already travel a lot, I am quite used to it. Good to know that strategy is working for someone!

@Christine Mwai I am interested in paying cash, which is why i don't want to get a place for 70-80K + rehab and holding costs. 
I am looking for a return of 15-20 K for my first project, although i wouldn't be heart broken if it wasn't that high after all work is done, so long as money isn't lost, it would be a learning experience. 

@Mark Fedorov thanks, Mark. its not that my limit is 80K perse, but I would prefer to pay cash and I just dont think its smart to jump into a first rehab that ties up a lot of assets. By cosmetic I mean no foundational problems, and prefer not to deal with mold or termites. 

I agree with additional housing and travel expenses, but I am a self employed entrepreneur who travels constantly and I have friends/work options in almost every major city, so I am not too worried with those costs. To me, taking the bus-train an hour and a half away from where i live to work on a rehab is just as difficult as relocating for 6 months and living near the rehab.

I will take a look at those areas you mention! thanks :)

@Account Closed Yes it is not a lot in my area, I am looking to finance myself, and i don't think it wise to bite off more than I can chew. Truth be told, the same amount will get you a much better place pretty much anywhere else in the country, which is why i'm not too keen on investing in these areas, though the return may be greater. 

@Mark Fedorov thanks for your input!
I was looking for some ideas in those areas, but i couldn't find anything less than 70-80 K that would be mostly cosmetic fixes. I agree of course that it would be ideal to flip near where I live, but I am not opposed to relocating for a few months to learn something new, as I work part time. 
Do you have experience flipping in those areas? Because the money down still seems very high. 

Welcome! I am also in New York, lets connect!

Hi Everyone!

I am new to bigger pockets and looking to network with people on the north east side of the country to get to understand real estate better.

I am very interested in flipping at this time, and I have the goal of taking on my first flip in the summer. Until then, I am trying to study all I can, network all I can, and then dive in!

My big question is this....
I already know I am not interested in taking on flip projects anywhere in the immediate area of new york city, for obvious reasons....I'm too new to this to take on that kind of risk, the prices are crazy, and it looks like you need big investments to make small immediate rewards. 

Flippers and rehabbers- what is your solution to this issue?
Do you go to more southern states for your flips? are there places I could start looking that are not too far? certain states?

and if you are living in manhattan and flipping out of city/state....how do you coordinate the flip, how long do you stay at the site, I am assuming you want to be there for the flipping process as well as the research phase.

Thank you in advance for your advice!