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Updated over 5 years ago,

User Stats

16
Posts
3
Votes
Yechezkel B.
  • Flipper/Rehabber
  • New Jersey
3
Votes |
16
Posts

Seriously! Best sates and towns to flip in 2019?

Yechezkel B.
  • Flipper/Rehabber
  • New Jersey
Posted

Hi all - I would like to hear your opinion as per where is (still) a great state or/and town to flip houses and make solid good returns.

I live in Rockland County NY and doing business all over northern jersey, I'm attending all the live sheriff sales, I'm on top of all the online auction platforms (Hubzu, Xome, Aucion.com), as well as any deal hitting the MLS, I've got relationships with many top agents (who did bring me some deals in the past). I'm buying with hard money.

I'm starting to realize in NJ you can't really find the solid 50% below market deals like it used to be 2 years ago and all foreclosure deals are selling literally for retail prices and some stupid people buying them... 

I know the market is pretty dry but this is not and will not stop me from finding and buying below market deals, I know if ill work hard I will eventually find the deals.

I do have a nice amount of open projects at any given time, but I find it very hard to find solid good deals, I would say 80% of my time is going into finding and searching for deals.

When I'm going to auction I see with my own eyes people (ether newbies or stupid's..) are buying deals that I know for a fact they will go away with a 20-40k loss... 

I feel that the north jersey area is becoming almost to impossible to flip, especially with hard money, and I'm looking into other markets where I can buy at least 50% below market and sell fast with solid returns.

If anyone can advise which states and/or towns it's easily doable and in a large scale ide appreciates it.   

Thanks in advance