Hi BiggerPockets Community,My name is Satrohan, and I’m excited to join this platform as I recently passed my real estate salesperson exam in NYC.

I'm considering purchasing the house to bring up the neighborhood, my own property value and just get rid of the eyesore.  

How do you handle repairs, compared with other B+ and A type real estate classes?

Last year, I purchased a home with a 7% interest rate.

If anyone wants to connect to talk about real estate please feel free to reach out and connect with me!

Purchase price: $270,000 Cash invested: $50,000 Sale price: $440,000 Purchased SFD from Wholesaler at $270,000, Used hard money rehab loan.

All will have challenges but can easily be solved and planned for when purchasing.3.

This is the perfect place to learn about real estate investing. 

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.

Oh no it is VERY real.