Hey @Rene HosmanAs a NYC broker, I can tell you that zoning knowledge is absolutely crucial for spotting opportunities, especially in urban markets. 

The market has its challenges, but I’ve found that with the right approach, there are definitely opportunities to be had.

I switched to a different marketplace about 2 hours from me and I am already seeing more promising opportunities. 

There has been significant growth, especially with tech giants like Intel, Meta, Amazon, and Google setting up operations (2 data centers), driving up property prices and job opportunities.

There are certainly many hidden opportunities here, and having boots on the ground along with a great property manager is essential.For your first property, I recommend looking for something that will provide consistent cash flow and require low maintenance for at least the next 5-10 years.

I’m curious how others approach finding lenders for consistent funding opportunities.

I’m done with dead beats who give me lame excuses all the time why they don’t have rent or have ever had any emergency money to covered the unexpected things that we all encounter every month.  

If you have opportunities, happy to hear.

In summary, leveraging an earnest money lending partner can be a game-changing strategy for scaling a fix-and-flip business, enabling investors to navigate the market more effectively and capitalize on lucrative opportunities.

If you are working with cash or commercial lines it opens the opportunity for the 5+ unit properties, although they are harder to find in this area.