Aspiring Rehabber in Brick, New Jersey

[Chris Rusoff]

In the past month I decided to aggressively pursue my first fix and flip property. I am focusing on a specific area in a specific price range so I can try to keep things as simple as possible for my first one. I am looking for 3/1 or 3/2 homes in the low 100K range in Brick, NJ. I have looked at a few houses so far with my realtor, but I quickly realized I wasn't accomplishing anything due to the fact that I am not really experienced in estimating rehab costs and that is a vital component in the formula of house flipping. Do a lot of you walk through potential flips with your contractor and your realtor together the first time you see a house? I'm assuming after you have a few flips under your belt, estimating rehab costs becomes easier. 

I've also noticed that the properties I come across that look like good deals do not last. They are usually gone before I can set up a walk through with my realtor.

I would be interested in hearing from anyone in my area who has experience completing some fix and flip deals.