Seems like it will be a lot of effort on my end, which was not what they marketed and I was hoping for.How did you get them to give you the first two months for free?

I recently hired them to handle all my cold calling marketing acquisitions and dispo.

Looking to do my first flip, was originally looking at baltimore, but it looks like it's moving towards a buyer's market and inventory is very high so I'm looking for other hot neighbors with low inventory.Thanks

One red flag is if the property is being marketed heavily by unregistered regular broker , that’s what happened in my Ponzi scheme fraud.as the result of investigation those marketer now has to return all their commission to SEC. but at the end this turn out to be good because asset value is increasing compare if I invest to office building and lost all my money.  

You will subject to the lending market at the time near to the balloon expiration.I would negotiate for the recurring option to extend the loan an additional year at the cost of a 0.75% rate increase.

familiarity with the market, value-add, chance to make something out of nothing.

For those of you trying to “Time the Market” or trying to figure out the “Perfect Time to Buy”, either because you believe home prices will drop or because interest rates will drop (which they will in the very near future), I have a scenario for you.Consider these two scenarios, in both cases you have the EXACT SAME Principal & Interest Payment1.

Quote from @Jackson Ebersole: Hi Piper,It's always smart to flip properties in-state, and I'd like to share some updated insights on why this approach is beneficial, especially in the New Jersey area.Lenders typically feel more comfortable with in-state flips because:You can manage the rehab more easilyYou have better knowledge of local real estate trends and valuesYou can respond quickly to issues or make decisions fasterThere's a lower risk of fraud or being taken advantage of by distant partnersI can help you with recommendations for the New Jersey market:North Bergen: Continues to show strong potential, with average profits now around $150,000 per flip and a gross ROI of 85%.Willingboro: While specific flip numbers aren't available, the market remains active with a gross ROI now averaging around 130%.Gloucester City: Still a top performer, with gross ROI hovering around 180-190%, though still on smaller profit margins.Irvington: Home values have continued to rise, with a 20% increase over the past two years.East Orange: Has seen steady growth, with home values up by about 16% since 2022.Paterson: Experienced a 14% increase in home values over the last two years.Additionally, Jersey City and Newark have emerged as promising markets for flips, with strong appreciation rates and growing demand.

The market went absolutely wild (like everywhere) and over the past few years our taxes more than doubled on some of our houses.

Redfin says its value could be 150-160k, but I doubt that’s accurate, unless the market heats up with lower interest rates.What factors should I consider?