How do I know if my area is "flipped out"?
Hi, all! I am a new investor from Grand Rapids, Mi. I originally wanted to start out in my market by flipping a few properties to gain capital for acquiring buy and hold rentals. Recently, I was told by another investor and a realtor that GR is extremely competitive right now and It would be next to impossible to find a good property to flip and that I would have to pay all-cash if I wanted to buy a rental. I am diligently educating myself and preparing to buy my first deal within the next few months, but now that I was told about how hot this market is, I am getting discouraged about not having a chance to start or getting into a bad deal. Is it possible for an area to be "flipped out", as in no worthwhile properties available? Thank you in advance for your input!