After some strong negotiating that hinged of us not willing to work with the sellers if they didn't accept our offer that night, we were able to put the house under contract before multiple offers came in.

Try and research before diving in, building has more steps to it than what people usually start with in the investing world.

It's a steep learning curve after that but the best way to begin is to dive right in.

Hey guys - Quick question: our son is buying his first place (condo) and I talked to him last night about it.

Once you get more experience you can look at City of Detroit properties with higher cashflow -- but also higher risks.You may want to follow our "Deep Dive" series we're doing about Metro Detroit cities and City of Detroit Neighborhoods: https://www.biggerpockets.com/...

I hope you all are having a great night.

Lots of great restaurants and night life.

Hey,So the deeper I am diving into this I am finding people using the tactic of negotiating with a private lender and getting them to pay for the property then eventually refinancing the property through a 30 yr conventional loan on it.

It won't help you much to dive in with all your 'experience' and lose $20k would it?

@Ben Be Congrats on making the decision to dive in!