Charlotte Investing Options? (Newbie)

[Lamar Lamont]

Me and my mom have around 95k in savings/inheritance. I was also approved for a loan of $192k. I’ve been making offers on duplexes at around the 200k price range, but have been losing to cash deals. I’m not going to give up hope yet, but I’m curious about other options. I was thinking of buying properties in surrounding areas like Concord or Gastonia for 20k or so to flip. Should I keep up my search for a multi-family in this hot market or go for flips? Also, are there any good meet ups for a newbie like me to find deals? Thank you.

[Joel O.]

well you gotta figure out what’s your goal. You looking for cash flow? Appreciation? You planning on retiring early? Define the goal and everything else will fall into place. 

I was originally interested the the CLT metro area but because I’m priced out of it I’ve been looking outside just like many others. 

Remember to reverse engineer what you want to earn. Pick a niche (buy n hold, flip, forced appreciation) stick to it.

I’ll let others chime in to hopefully help you and give you a better direction or idea. I’m starting to ramble