Rehabbing & House Flipping in Staten Island in 2024

[Stanley Zeng]

Hi all,

This is my first post on BP and am excited to learn and hopefully get started on investing in Real Estate! I am in my mid 20s and have saved up around 200 - 300k and currently reside in Brooklyn. 

I'm currently priced out of Brooklyn as the homes here are almost always (1M +), so I started looking into nearby areas like Staten Island, which seems more doable at first glance.. I am looking into doing rehabs and flips, so that I can build my capital and not be tied down to a LTR should anything go south. 

I wanted to ask, is anyone here actively still flipping Staten Island homes in 2024? Do you have any tips for a beginner investor getting started?

Thank you! 

Stanley