I'm wondering if my inputs/estimates are accurate, bc I can't seem to get the cashflow.

I am looking at flipping a property (4 bed, 2 bath, ~1,800 sq. ft) in NJ and the estimate I received seems high, so I was looking for some peer feedback.I was looking to change the following:Kitchen (new cabinets, cou...

@Jack Zhuang without experience you cannot accurately estimate on your own.

I would suggest doing both.Some of the basics:#1 Keep accurate records and receipts of every penny in and out.

I would suggest being vague about the location, names and such but the more accurate numbers we have for the property the better.Best!

More accurately, you’ve been hard on life. 5 kids and a divorce before 29 mixed with no higher education is a recipe for financial disaster.

@Brandon Hobbs, I agree with your assessment that urban areas will be impacted more than suburban and rural areas which is good for me as I operate primarily in secondary and, more accurately, tertiary markets:) I also tend to think that this niche will have a far greater effect on the moving industry than the self storage industry. 

Like I've said before, in todays market I haven't seen an accurately underwritten market deal that you nets $400+/month.

And not all of these services are created equal, as you never know how accurate or up-to-date their databases are.

The properties I was sent not only didn't meet my criteria, but I found out they were actually recently expired MLS listings that had been marked up ~$15k from their previous list price that they failed to sell for, and the comps they sent were not even close to being accurate, so it all seemed very shady actually.