Am I missing something?

[Juan Perez]

So i recently started a post with the question of Flipping Houses in Queens or Brooklyn (NYC)

Here is the thing, for someone like myself who is looking to start investing in NYC,where the market is tough to get into and everyone here seems to have negative comments and not much advice for newbies like myself to invest in.

Wouldn't it make sense to get an FHA loan that only require a min of 3.5% down payment. Buy a single family house, or even a 2 family for 350-500k in a neighborhood that's up and coming hold it for the required 90 days - put it back in the market and if you did your math correctly and assumptions, you can have a good profit?

What seems to be missing? doesn't it make sense to do this what i just mentioned above?
It would be awesome if BP could have a webinar on this.