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Updated about 8 years ago,
Orange NJ - Flipping Spreads and Holding times
Do any of you guys flip in C class neighborhoods out in Orange or Newark New Jersey?
If so, what kind of spreads are you seeing out there.
I had a deal:
2 Family
85k purchase
60k repair (turned into 67k)
220k Projected Appraisal
Good Deal? Bad Deal? Ok Deal?
Also, how long are you having to hold in these C class neighborhoods. I'm hoping to be out of the deal in 6 months. Is that your experience?
If not, what are you doing to make it sell faster?
We have granite. Stainless steel appliances. Finished floors. Nothing too crazy
Thanks In Advance