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Updated about 10 years ago on . Most recent reply

User Stats

73
Posts
41
Votes
Mardochee Pierre
  • Real Estate Investor
  • New York City, NY
41
Votes |
73
Posts

Flipping Property, Flipping houses

Mardochee Pierre
  • Real Estate Investor
  • New York City, NY
Posted

Hey guys I'm pretty new. I live in NY and I would like to know what other states or cities would be the most profitable in terms of Flipping houses or properties?

Most Popular Reply

User Stats

28,305
Posts
19,324
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James Wise#5 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
19,324
Votes |
28,305
Posts
James Wise#5 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Replied

@Mardochee Pierre 

welcome to the site. It is not so much about certain areas but rather your ability to do the following.

  1.  Find & acquire real estate at a significant discount
  2.  Have the capital or ability to get the capital to purchase & rehab the home.
  3.  Effectively manage the rehab timeline & costs.
  4.  Properly market & price the home when the rehab is complete.

If you can do all of those you can make money anywhere in the country. I would stick as close as possible to your home.

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