Best cities/ markets to flip in NYC / NJ area?

[Piper Pepperidge]

Would prefer to do something closer to home so I can avoid having to get on a plane to monitor the deal. Is it smart to do it around here?

[Mark F.]

Quote from @Jackson Ebersole:

Hi Piper,It's always smart to flip properties in-state, and I'd like to share some updated insights on why this approach is beneficial, especially in the New Jersey area.Lenders typically feel more comfortable with in-state flips because:

1. You can manage the rehab more easily
2. You have better knowledge of local real estate trends and values
3. You can respond quickly to issues or make decisions faster
4. There's a lower risk of fraud or being taken advantage of by distant partners

I can help you with recommendations for the New Jersey market:

1. North Bergen: Continues to show strong potential, with average profits now around $150,000 per flip and a gross ROI of 85%.
2. Willingboro: While specific flip numbers aren't available, the market remains active with a gross ROI now averaging around 130%.
3. Gloucester City: Still a top performer, with gross ROI hovering around 180-190%, though still on smaller profit margins.
4. Irvington: Home values have continued to rise, with a 20% increase over the past two years.
5. East Orange: Has seen steady growth, with home values up by about 16% since 2022.
6. Paterson: Experienced a 14% increase in home values over the last two years.

Additionally, Jersey City and Newark have emerged as promising markets for flips, with strong appreciation rates and growing demand. Always conduct thorough due diligence before investing.

Let me know if you need any more information or assistance with your flipping strategy. Please connect with me for looking into financing options to make your flips work!

Regards,

Jackson

4. 5. And 6. Are you kidding me, have you been to any of those areas? No, you haven't because you wouldn't last a day in Irvington. If you're not from a market and have no experience, you should keep your opinion to yourself instead of recommending to a NEW flipper to get started in C and D neighborhoods. Did you have chatgpt write this trash?

More I read it the more its just an AI post. Reported. OP please ignore the bots advice. Listen to Jonathan Greene.