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Updated over 1 year ago on . Most recent reply

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Elad Itzhari
9
Votes |
16
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How to find a marcket

Elad Itzhari
Posted

Hi everyone,

I have a strong desire to start investing in real estate. I'm eager to find my first "flip" deal and get started on this exciting journey.

I have some initial capital to begin with, and I believe I've done enough research to understand the process itself. However, I'm struggling with identifying the right market. I'm unsure how to go about finding a suitable market for me.

While I currently reside in New York City, the local market isn't relevant to me due to the high costs involved. Instead, I'm interested in exploring a market somewhere along the East Coast, but I'm not sure how to go about finding the right market.

If any of you have advice, tips, or guidance on how to identify potential real estate markets, especially along the East Coast, I would greatly appreciate it. Your insights could really help me kickstart my journey.

Thank you so much!

Most Popular Reply

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Replied

Elad,

I agree NYC is not always the best market, but let me ask you a few questions:

- Why on the East Coast (Syracuse, NY - Wilmington NC - Harrisburg, PA are a few) 

- Have you looked at middle America, the price points are frequently better and taxes are lower (Columbus OH - Fort Wayne ID - Atlantic City NJ)

- How will you build a team in an area you are not in?  This is key to investing at a distance.

- Do you plan on going to the location and researching the area in person?  It is tough renting in states that are not your own but it is more difficult to do flips.

I would look at the suburbs for any cities you may look at, there are usually up-and-coming areas with better deals.

Good luck, let me know if I can help

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