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Updated almost 4 years ago on . Most recent reply

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Neeraj Walia
8
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Need Advise on House flipping in Long Island

Neeraj Walia
Posted

Hello all,

Im 27 years old and looking to purchase and flip a home in Long Island with a purchase price of under $350,000. I have the cash and my father and I flipped a house In hempstead a few years ago. Im trying to get back into it and would like advise on where to look for properties etc. Is there a website with REO/foreclosed houses?

Also I see on auction houses most of the houses listed are occupied. How much of a headache is it to get the existing people living in there out? Thanks in advance

Most Popular Reply

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Bob Stevens
  • Real Estate Consultant
  • Cleveland
3,683
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6,413
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Bob Stevens
  • Real Estate Consultant
  • Cleveland
Replied

@Neeraj Walia I lived in LI all my life, 53 years, moved to FL two years ago. I did a lot of biz in LI , stopped about 15 years ago, not worth it . All in 300k ++ maybe make 6- 7% per year, terrible . I have been working in the Cleveland markets for the last 10 years, much better then LI

Good luck 

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