Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Elad Itzhari

Elad Itzhari has started 3 posts and replied 14 times.

Post: Looking to have my first Flip

Elad Itzhari
Pro Member
Posted
  • Posts 16
  • Votes 9

Hello everyone,

After hard work, I managed to save $90,000 in cash and I want to find my first deal. Flip and fix.

I'm in New York, and I probably won't find anything in my area within the budget I have.

I was thinking of North Carolina or Trenton New Jersey, but I'm open to other places.

I would love to hear your opinion on these places or get more tips on how to get started.

I don't have an agent or team yet. I'm at the very beginning.

Thank you

Post: How to find a marcket

Elad Itzhari
Pro Member
Posted
  • Posts 16
  • Votes 9
Quote from @Max Ferguson:

All Great points from @Andrea Lanej

My suggestion may or may not work for you but here are my thoughts: 
Start in middle America where it is cheaper and there is better cash flow. BUT BEFORE that, I would consider buying a home where you live or near there and learn the art of "househacking". This will familiarize you with what it is like to own a property and be a landlord so to speak. Then maybe attack an out of state deal. You don't want the first deal to completely ruin you by jumping head first into it, so be cautious. Although what's 7 years of bankruptcy matter? Lol. Good luck and let us know what you decide.


 Thank you Max,

But, I work in Manhattan and need to live here. I can't see how I can do "househacking" on here... 

Post: How to find a marcket

Elad Itzhari
Pro Member
Posted
  • Posts 16
  • Votes 9
Quote from @Andrea Lane:

Elad,

I agree NYC is not always the best market, but let me ask you a few questions:

- Why on the East Coast (Syracuse, NY - Wilmington NC - Harrisburg, PA are a few) 

- Have you looked at middle America, the price points are frequently better and taxes are lower (Columbus OH - Fort Wayne ID - Atlantic City NJ)

- How will you build a team in an area you are not in?  This is key to investing at a distance.

- Do you plan on going to the location and researching the area in person?  It is tough renting in states that are not your own but it is more difficult to do flips.

I would look at the suburbs for any cities you may look at, there are usually up-and-coming areas with better deals.

Good luck, let me know if I can help


 Thank you, Andrea,

I thought on the East Coast because it would be easier for me to travel there but I'm actually open for any other places.
I will probably go to see the place for the first dill, to feel it myself and to meet some people.

I'll appreciate any tip that you have for me.

Thank you

Post: How to find a marcket

Elad Itzhari
Pro Member
Posted
  • Posts 16
  • Votes 9

Hi everyone,

I have a strong desire to start investing in real estate. I'm eager to find my first "flip" deal and get started on this exciting journey.

I have some initial capital to begin with, and I believe I've done enough research to understand the process itself. However, I'm struggling with identifying the right market. I'm unsure how to go about finding a suitable market for me.

While I currently reside in New York City, the local market isn't relevant to me due to the high costs involved. Instead, I'm interested in exploring a market somewhere along the East Coast, but I'm not sure how to go about finding the right market.

If any of you have advice, tips, or guidance on how to identify potential real estate markets, especially along the East Coast, I would greatly appreciate it. Your insights could really help me kickstart my journey.

Thank you so much!