Lifting a beach house

[Dan Hertler]

Hi All, I am communicating with a seller who has a house in Long Beach, Long Island NY about a block from the ocean that I think may need to be lifted. This would be a possible flip (my first one) or potentially a wholesale if the numbers line up. 

Does anyone have experience with either lifting a house or buying a property near the beach in an area where others are doing lifts/rehabs? Cost estimates, permitting process, estimated timeframe to complete would be great if you could share. 

The neighboring houses on both sides are small bungalows that recently sold and will likely be either torn down or lifted/majorly rehabbed. Houses directly across the street have also been torn down/rebuilt in the past 2 years. So I am worried that if I don't lift this house I won't be able to realize it's full profit potential.

Thanks in advance!

Dan