If you have a strong track record of flipping houses an investor possibly would be interested in your proposal. You need to have a renovation team, a look at trends in the location you're proposing to purchase, and a good game plan. Typically commercial real estate agents and commercial property owners are your quickest source.

Your property can't be in a cluster of foreclosures. The real estate pundits contend the housing market is not going to "spring back": they're calling it a "bathtub" market, meaning that the housing prices may have hit bottom, however they're going to stay there for several YEARS.

Some options are finding a house in an area that has a high rental absorption rate so you can get a healthy tax shelter as an investment property or find a house you wish to live in for several years before selling. To make $100,000 after investing, you need to purchase a house in the North Shores of Long Island or in the higher end waterfront areas.

Best of luck!

Bill, there are many aspects that need to be answered before you can make a judgment about whether or not you could make over $100K profit: first and foremost, how much money will need to be invested to get the house in the kind of shape that will attract top dollar; secondly, what type of house is it? A colonial or ranch will probably net more profit than a hi ranch or cape. I work with several investors, so if you would like I would certainly do some research for you.

Kindly send more details: Nassau or Suffolk, city, true MV or based on neighborhood listing prices, any comps, disclosures, etc.