Market Conditions in 11433>Question Details

Max, Other/Just Looking in Jamaica, Queens, NY

Is this the wright time to buy and flipp?

Asked by Max, Jamaica, Queens, NY Mon Jan 14, 2008

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5
Any time is the "right time" to buy and flip provided you can obtain the property at a price that will make it worthwhile for you. Of course marketability is of key importance. You need to be able to price it at a price that will sell and it desirability/location should not be overlooked.
1 vote Thank Flag Link Tue Jan 15, 2008
Financing isn't what it used to be a few years or even months back. Carefully consider your options should you choose to place a mortgage on the property.

jturnquist@guardhill.com
Web Reference: http://www.guardhill.com
0 votes Thank Flag Link Tue Jan 15, 2008
It is a good time to buy.

It is good time to buy and flip if you can buy at the right price to let you sell at a fast-sell price
0 votes Thank Flag Link Tue Jan 15, 2008
It is certainly the best time to purchase!
Web Reference: http://Gailgladstone.com
0 votes Thank Flag Link Tue Jan 15, 2008
If your a novice, not the best time to flip especially in an Area as diverse New York. There are plenty of deals out there, but smart investors are picking them up at the right prices. Sometimes it might look like a deal but if you dont know whats ahead costly mistakes could cripple any flip.

Get educated work with an investor who does flips, learn from someone that is doing it successful.
0 votes Thank Flag Link Mon Jan 14, 2008
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