The DEAL.

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Hi everyone,

We all look for it, we all crave it, but do we really fully understand it? So many people look for the ultimate deal, but how many of us truly know a deal when we see it? I wanted to start a discussion about what a deal looks like and advice people might have on how to make sure its a deal.

Lets clarify perimeters for Investment deals. Lets clarify what is a good buy and hold property and whats a good flip property. Lets talk about what is good for New Jersey, South Jersey and North Jersey. Lets clarify the difference between strategies for the city and suburban towns. Lets clarify what key things to look for in a deal.

I'll start with some Stats for SJ:

Average flip profit- 25,000-30,000

Average rents- 850-1500 (depending on unit size)

Average START point for listing prices- 50,000-70,000

Average buy price- 40,000-60,000

Average days on market for flipped property- 30-90 days

I look forward to hearing everyones responses,

William Lees Jr