Rehab and Flip in NJ (Essex, Morris, Union and Hudson)

[Stefano Grottoli]

Hi everyone - I'm wondering if fix and flip is still a profitable business in the areas within Essex, Morris, Union and Hudson counties (or close to these areas).

Any inputs are welcome! I'm looking to start investing in Real Estate through fix and flip in the area, buying a property of around 100k to 120k for my first deal.

Appreciate any comments from flippers in the area! Thanks!

[Account Closed]

@Stefano Grottoli , Direct Mail can be useful to find the deals.

There are 7,240 Absentee Owners in the 4 counties fitting the following

• home value $50,000 - $350,000
• LTV 0-59% (at least 41% equity)
• single and multifamily

You might also consider SENIORS with 20+ year ownership who might be ready to downsize. There are more than 7500 with the same high equity and home value.