Connecticut Real Estate Q&A Discussion Forum
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 6 years ago,
Am I going about this the wrong way?
Looking to get started investing in real estate. Interested in flipping. I've been looking at foreclosure properties Hartford and Tolland County. Since I'm new to this it's hard for me to accurately estimate how much renovations will cost and how much a property might actually sell for. But everything I've seen seems priced where once it's purchased and renovated there is little room if any for profit. I doubt banks are going to come down on price by $30k but that's what it seems like they would have to do for a profit to be made. Maybe foreclosure properties aren't the best way to get started?