In the instance the area is stagnant you will have to know up front that buying a property for real estate investing will require some understanding. You do not want to have to limit yourself to acquiring a property that you can live in. For example, that means you buy a property and occupy it until you sell it. In such a location you will really need to get ahead on other investors. You will not likely be able to sell it for more than what the location can handle. In this situation, you need to tie it up at a substantial discount to retain a good profit if you are doing this traditionally.
In this case flippers will begin by doing research on prices in the local locations. With the current real estate areas and the amount of motivated sellers, people who are real estate wholesaling are profiting very well. No matter what you plan on doing, everything aside, you have to determine the money you made against the amount of risk that was involved getting the home successfully closed. This is why no money downs strategies like subject to are recommended
As always, remember to educate yourself about wholesaling homes and/or seek a knowledgeable professional before you plan any new real estate business and investment endeavors.
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