Flipping in the Poconos

[Eric P.]

Is anyone flipping in the Poconos / NE Pennsylvania? Looks like there's still a glut of foreclosures and other inexpensive properties leftover from the recession. And higher end homes in better condition seem to be selling well above the pre-rehab / foreclosure prices. Seems like there might be enough spread there to make flipping profitable.

[Michael Long]

Flip opportunities are there you just have to do your due diligence. There are deals to be had. It's all about analyzing the market and the area and then mining for those deals. Like I'm looking to wholesale to build enough capital for buy and holds cause I see the potential in vacation rentals. I am working with a woman now that will be a perfect flip opportunity if I can negotiate her to 15-20K where another man who has a property in an amenity filled community would be a perfect vacation rental if I can talk this guy down to 40-45K then it could be a flip with some modernization or perfect for a buy and hold with great ROI and cashflow. So I'm a believer that there is opportunities everywhere if you can analyze a deal properly.