Lost in the D! Guidance appreciated!

[Brandi Jenine]

I’m from Detroit and purchased personal properties in the east subs, but when it comes to investing, I’m attempting to find my way.

I am a newbie investor that could use some help and direction. I’ve wanted to get into real estate for years, but February told myself that I AM doing this now. No more waiting. I’ve saturated myself in all things real estate and ready to take the well calculated move to invest!

I thought I could start off in the east subs, but quickly was brought to reality due to my all in budget, so now I’m looking in Detroit, but struggling to find a house that makes sense.

Some additional details:

• Looking to flip first house, buy & hold second and purchase commercial third.

• Attempting to pay cash.
• With help of some family, all in at 70k for first flip.
• I have realtor, but not much visibility into a lot of the off market houses. That is something that I’m trying to learn and figure out now.
• I have several contractors in my address book thanks to me asking everyone since Feb for referrals. However, I now see I should have also been asking around if anyone knew of any houses for sale. 

The struggle: finding a 70k all in house that makes sense in a neighborhood that makes sense, where I’ll get my money back plus more.

Do I continue to look? Do I go the mortgage route to get more money to work with?