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Updated almost 8 years ago,
Getting Started with Flipping
Hello BP Community,
I am fairly new to BP but want to thank Josh, Brandon and the whole team for their amazing work.
I am a contractor in NYC and would like to get into real estate by flipping houses in Long Island NY - Nassau and Suffolk counties. (New York City is just too expensive for me). I am interested in buying foreclosure properties at county auctions and Town Hall front steps. I have been to a few of them in Nassau and Suffolk county to get some knowledge, information and to see how they generally operate. Can someone help me understand how the foreclosure auctions work? I understand that I have to do my due diligence on the property, but not fully understanding what I am buying scares me.
Also, are these foreclosure auctions best way to find deals in Long Island?
Appreciate all responses and thank you in advance for your help!
Best,
Voytek