Charlotte NC Newbie. Flip or Househack?

[Lamar Lamont]

Me and my mom have 95k in savings and inheritance, and have been preapproved for a loan of 192,000. I’ve been making offers on duplexes that are around 200k, but keep losing out to cash buyers. The market here in Charlotte is very hot. I haven’t given up my search for a multi family unit, but have been thinking about flips. Would it be lucrative to by a property in a city like concord or Gastonia for around 20-40k cash with the intent to flip or hold? I have a close relative here in Charlotte that owns many properties and has a lot of real estate investing experience. Also, any good meet ups in Charlotte for someone in my position? Thanks