Almost every problem you can think of happened.....So there I was, a seasoned real estate amateur. 

I own a residential real estate portfolio in Florida valued at $1,500,000 that I was going to sell to an investor with a quick turnaround and use that for the downpayment.

This new property is roughly 1,600 sqft, with 3 beds and 2 baths.We see this as a unique opportunity, especially considering how rare it is to find this price for new construction in the California market.

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.

A minimum of 20% equity is my benchmark, ensuring I dont find myself upsupside down on my investment.Positive Cash Flow by the Conclusion of Year One:I aim for a positive cash flow figure at the end of the first year.

What I am good at is focusing on a person and asking questions and finding something interesting.

It's very thoughtfully designed specifically for real estate investors by real estate investors so it doesn't have features you don't need and won't use.

With property prices rising across the country, it’s becoming challenging to find investment properties that offer solid cash flow.

Cheap buy in, new construction How did you find this deal and how did you negotiate it?

Commercial real estate is in real trouble, banks & commercial lending outfits will not touch mixed use.