Super frustrating

[Philip Velleux]

So I'm not yet a real estate investor, I've actually never purchased any property. I've been shopping the local market for awhile now and there just seems to be so much overpriced garbage out there. I've made 2 offers 1 I offered 80% asking price and the seller wouldn't budge a dollar, 2nd offer I made was for 100% asking price and I got out bid . It's getting extremely frustrating, I live in a college town and I keep hearing how wi is such a great place to invest but I'm just not seeing it around here . None of the numbers make sense. Everything I've looked at would be negative cash flow , so obviously I have no experience but it just seems like these asking prices around here are asinine. Have all the podcasts I've listened to and blogs I've read given me unrealistic expectations about what type of deals I should be looking for . Thanks for reading, I just had to vent a little bit.