Investing in single-family residence fix-and-flip projects in New York involves purchasing distressed or undervalued single-family homes, renovating them, and selling them at a profit.

I know I fund the deals and pay for the rehab . my clients put on brand new roofs  new panels all new wiring new plumbing windows siding cabinets etc etc..

I am not in your area, but wish you the best of luck on this new journey! 

Hold for Long-Term IncomeBuffett has held AMEX for nearly 60 yearsHeld Coca-Cola for 35+ yearsSimilar to buy-and-hold real estate strategiesFocus on Cash Flow GrowthBoth AMEX and Coke have consistently increased dividendsJust like raising rents over time in quality propertiesLook for MoatsAMEX: Strong brand and network effectsCoca-Cola: Unbeatable brand powerLike owning property in irreplaceable locations💡 The Real Estate AdvantageWhile Buffett mastered dividend investing, real estate investors can do even better because:We can use significant leverage safelyWe control our asset's improvementWe get superior tax advantagesWe can force appreciation through improvementsWhat do you think, BiggerPockets community?

A minority of 401k providers will let you transfer the loan to a new provider, but I have yet to experience that option with any 401k I have had. 

Investing in single-family residence fix-and-flip projects in New York involves purchasing distressed or undervalued single-family homes, renovating them, and selling them at a profit.

If you are new, be sure you can raise the funds before proceeding.In my opinion, you are going to have a hard time raising money with a 6% pref and 70% of the profits after that unless you have a lot of newbie investors in your Rolodex. 

Plus I recently got a brand new calculator, wanted to see what out of state investors though the most important aspects of deciding between to similar rates cap rates in 2 varied size apartment. 

Flipping a brand new home likely wouldn’t bring much profit - especially after having to close twice when you first buy it, and later sell it.Maybe you have millions to spend and I’m just missing the big picture… but when I think of “income” I’m usually thinking “net income” after you factor in expenses, like purchase price or building costs?  

Hello I am Derick, new to all of this.