In reality, it sold for $650,000 because that’s what it was worth.

The home is worth a lot more then the note is selling for.Marie Johnson this is almost exclusively the case.

Specifically, I'm interested in hearing your recommendations for:- Deal sourcing and lead generation- Cold calling and outreach- Deal analysis and ARV calculations- Estimating rehab costs- Tools or calculators you use to determine whether a flip is worth pursuingFor deal finding, I’m currently evaluating PropStream and Flipster as a beginner.

You can see by the pictures that this home was severely abused and turning around a house like this may or may not be worth it.What do YOU think?

They may cost approximately 10% of your rental income per month, but may be worth it when you are residing out of state. 

Probably wiser to deploy just a bit more ($1.2 mm - $1.3 mm) and try and get a 3 or 4 unit property via FHA.Jersey City is very hot right now and certainly worth exploring, but have you also considered Brooklyn, Queens or the Bronx? 

It will be worth around 650-700k.

If you don’t qualify as a real estate professional or don’t have a way to use those passive losses to offset your active income, then spending the money on the study might not be worth it.

Home now worth 550+.

You would want to know if anything was ever built on the land (maybe a house burned down) because if there was a house then you would have potentially buried septic or oil.Buying and holding a lot for the future with topographical issues is only worth it if the price is negligible IMO.