I have located several boarded up properties listed between $5-$15K in a market population 70,000 with a median income in the 40Ks. I am basically broke, with no money to invest. Are these properties I should pursue or is there too much fix up money and turnaround time for someone basically a week into his real estate investing venture.
Also, a realtor tipped me to commercial property near an outlet mall just off a busy interstate that is 2.6 acres of land. Comparable land beside it just sold for $3.50 per square foot or $630K. This land just went through foreclosure and is selling 93 cents per square foot or $129K. I have located a real estate investment club, but do not yet know of any investors. Any ideas on how I can get help putting money in on the deal?