IMHO.the way to buy mid west rust belt props is to figure out the Median home price in the MSA and buy at that or a little higher.. dont buy at 50% or less of the Median you will not have a good experience again IMHO and after funding literally thousands of these homes over 22 years.

As you get a few flips under your belt with the right team and figure out what area you want to direct focus, then start buying for the long term play. 

Just my $0.02 most of the time sure.. but you take OREO properties especially in low value inner cities in the rust belt and mid west .. and I can tell you I have seen Many many settlement statements were the banks have to bring cash in to close..

I’ll be earning my first real estate business belt in a short while.

Louis, but I do have experience BRRRRing in a rust belt city.I think the challenge has less to do with the rise in prices, and more about how you will supervise a BRRRR from out of state.  

Looks like I need to steer clear of foreclosures for now,  until I have some experience under my belt down the road.Thanks for taking the time to comment.Sincerely,Joe

Do you have any any flips under your belt?

I started my profile 6 years ago after my first residential purchase and finally made it back with my first few doors under my belt. 

Looking at a map, I see that is no where near Louisville.I live in the Rust Belt.

Hey Cody,No I want to buy and hold and get some rentals under my belt. trying to find my next one actually, wholesaler has a few in Spokane but I don’t feel like I want to deal with Washington politics lolI have rehab experience as well and all tools.