First Time Investor Having Hard Time Finding First Deal!

[Jordan Webster]

As the Title says, I am having a hard time finding my first potential flip. I have been advised by my mentor to stay in the South Minneapolis area but I believe it may be to hot for me just starting out. I have been scouring the MLS program my realtor setup along with other online sites like Zillow for almost 2 months now. I've placed offers on a few properties but they were flooded with all-cash offers that I simply couldn't compete with.

Does anyone have any tips for me? Maybe I should be looking somewhere in the west suburbs? 

[Mike R.]

be patient you will find the deals.  I use redfin.com a lot so it sends me notices.  i have found redfin is much better than Zillow because they typically include the rent and expense numbers and sometimes the cap rate.  though, i always calc the cap rate myself because some listing agents have no idea what they are doing. 

word of advice, don't stretch to find a deal that doesn't fit your objectives.  better to have the cash and no deals, than find deals that cost you all your cash and then some.