What is the best strategy when you can only afford D properties?

[Nate Szana]

Hey Guys,

I'm fairly new to BP and have been listening to a lot of the podcast episodes and so far I know that most people  say to stay away from the D properties. and I get it. They suck, but, I'm ready to jump in and buy my first flip. I keep getting out bid on the few C properties I have liked and made sense money wise. I can comfortably afford most of the D properties I see in my market. My wife says she believes in me but doesn't want me to waste our savings and stretch ourselves too thin with a project that will produce little results. Winter is coming, should I hold out and see if something better comes out when the market starts to slow down? I've mostly been looking on the MLS. again I know its not the greatest for finding deals but, it seems to be the most reliable place that i currently find houses for sale.  I've sent out a few letters to abandoned homes in my neighborhood but, with little luck. What are some good strategies when D properties seem like the best option?

[Matthew Paul]

Then wait till a deal does happen . Dont be in a hurry , you havent lost money .......yet .  Heres what will happen , you will buy a "D" property . you will spend time and money to fix it to flip it . And it wont sell . Now you will want to rent it to to cover expenses . So you rent a fixed up property in a "D " area . the tenants trash it and you are back to square one , with no money . And while all this happens a good "C" property comes up .