It’s a challenging market in NJ.

My son will be helping us with marketing, advertising (if needed), press coverage (if needed) and finding investors / lenders (if needed).

Well, they claim that their leads are better because the leads find them:The only way sellers find you is when you rank #1 or #2 in that market. the lower you rank, the less leads find you. 

You'll also need to learn about marketing, property values, repair costs, property management, etc. 

The market appreciates 3% per year.Pay cash for one house and rent it for $1,500.

Purchase price: $620,000 Cash invested: $20,000 Sale price: $727,000 Source: Cold CallPurchase: Off market with owner financing.Price: $620,000.

To summarize, I am fully equipped, licensed, and knowledgeable to handle all aspects of the actual repair, however my ignorance lies within the funding (hard money) and the business aspects of home flipping. 

Anything can happen: the market can shift, we can go into another extended lockout period, the property can be destroyed by a natural disaster or by vandalism, the list of contingencies is endless.

Look for quality lenders that actually close deals. 

Hi All, I live in NY and I am looking to buy in a hot market.