Investments: Buy and Flip

Buy and flip is the shiny trinket of RE investing. TV shows and stories of big, fast money have started a modern-day Gold Rush!

The reality is much more stark. Many seasoned flippers, and most first-timers, get burnt on one or more of the flip killers, time, underestimation, market swings and competition.

For a flip to work, one has to find a property that is well below the upper value of the neighborhood and get ahead of the competition, often first-timers whose inexperience causes them to pay too much for the property.

Very accurate estimates in both time and money must be made to rehab the property to a level that will attract buyers. And finally, the property has to be sold at a price that, after closing costs, will yield enough profit. Any mistakes in any of these variables can quickly cause a project to only break even, or in most cases lose money.

New Jersey can offer even greater challenges in determining profitability.

We have been involved in many flip deals and we know how to help you pick the properties and estimate the current and future markets.