Hello everyone! I am very new to real estate investing and very eager to jump in, head first. Most of what I've been hearing is just do it. I also want to make mistakes but not ones that'll cost me big. I don't have a ton of capital, so I started looking in Detroit, Michigan. I see that so many houses are under $5,000. They are run down and probably need a ton of work. Is that the reason that people are not buying these properties? I haven't quite figured out how to run the numbers yet, to see if it make sense. I listened to a podcast, yesterday 7/11, I believe it was David that said if these were good deals then people better or more experienced would have gotten it already. Why aren't these houses good deals? Am I mislead, that Detroit is not being revitalized? or is it a slow rate? I can go on and on with questions. What are your thoughts BP community?
