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11 September 2024 | 11 replies
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.
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10 September 2024 | 28 replies
Once the judge found for the plantiff it became a judgement and ATTACHED to that person as well as ALL assets that defendant owned including all real estate.
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6 September 2024 | 2 replies
After the first offer fell through I got another strong back up offer and made a good payday along with a young couple happy.
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9 September 2024 | 14 replies
And then 1031ing into something else early 2025.My Real Estate only CPA advised against 1031ing this year.TY!
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10 September 2024 | 2 replies
I am an investor based in Fairfield County, CT and just rejoined BP after many years away.From 2005-2011, I got up to ~150 units in SF & MF both rehab & new construction, Class B & C, but (regrettably) sold all to focus on institutional real estate and private equity.Since selling off, I got an MS degree in real estate and participated in most asset classes institutionally ($10-250mm+) with a focus on SF & MF.
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6 September 2024 | 9 replies
Managing Own Properties: You can manage properties you own without a real estate license.
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4 September 2024 | 3 replies
Been doing some more research and tryouts for image generation in real estate.
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4 September 2024 | 3 replies
Hi All,I received an accepted offer on a property but unfortunately was not able to find the funding in time.
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11 September 2024 | 38 replies
A few years ago I had four rentals in Birmingham and was very satisfied with Barrington Real Estate which managed my properties.https://www.barringtonrealesta...