CASH FLOW MARKETS

I am looking for cities for buy and hold cash flow, possibly that fit the 2% rent/price rule ratio.
My main requirement is that there has been a population increase and not a population decrease as in many markets that cash flow well such as Detroit, Cleveland..
Please list the cities that would fit that crateria,
thanks

Edited: 06/26/2010 at 10:32AM

James Martin

Wholesaler · Memphis, Tennessee

247 posts
1240 Influence
3 Awards

Icon_minipost Nov 16 '09, 09:11 AM

Hi Michael, I am a investor in Memphis Tn. There are alot of great things going on in our newly developed downtown area and just Memphis period. This city has a STRONG rental market and depending on the location you buy in a great resell value. [SOLICITATION REMOVED]
James

Edited: 06/26/2010 at 10:32AM by Moderator : Contact info must be contained in your signature

Curt Davis

Wholesaler · Memphis, Tennessee

1108 posts
6055 Influence
7 Awards

Icon_minipost Nov 16 '09, 09:28 AM

Michael,

I would also agree that Memphis TN is a great market. You will get great cash flow along with equity. [SOLICITATION REMOVED]

Edited: 06/26/2010 at 10:32AM by Moderator

Curt Davis, buyMemphisnow.com
E-Mail: crtdavis@gmail.com
Telephone: 901-881-0552
Website: http://www.buymemphisnow.com
Full Service Real Estate Investing in Memphis TN

Michael Seutin

Real Estate Investor · Vallejo, California

114 posts
989 Influence
3 Awards

Icon_minipost Nov 16 '09, 02:39 PM

Well guys I was trying to get cities that cash flow great with population increases.
Instead you guys want to advertise your business which is fine but then I will have to tell u about my situation.
I just ran out of cash after my last purchase a month ago. So now I am looking for properties in the 10k to 40k range that will fit the 2% rule more or less.
Only thing I need help with 100% or 95% financing, I can use my credit card for the down.
I need a financing maybe hard money but I don't want more than 10% interest, and possilby a rehab loan.
See if anyone can still help me or is that just too much to ask ?
Or maybe a private insvestor is reading this and wants to earn 6% on their money backed by my next purchase, then I need 25k to 50k and will pay 6% over 30yrs with a balloon in 5 yrs.
thanks

Edited: 06/26/2010 at 10:32AM

Jon Holdman

Real Estate Investor · Denver, Colorado

11859 posts
75527 Influence
15 Awards

Icon_minipost Nov 16 '09, 09:24 PM

This is a discussion thread, folks. No ads, please. Its OK so say "such and such is great because ..." for a city where you're dealing. But, you need to include the "because ..." part. And, no "because I have properties for sale there" isn't a very good reason.

Its NOT OK to say "and contact me for some great deals."

Edited: 06/26/2010 at 10:32AM

Jon Holdman, Flying Phoenix LLC

Malhar B.

Rehabber · New York, New York

34 posts
418 Influence
2 Awards

Icon_minipost Nov 16 '09, 11:55 PM

I need a financing maybe hard money but I don't want more than 10% interest, and possilby a rehab loan.

I would love that type of rate but I haven't found many HML's that offer rates that low... if they do, they usually get you on the points.

I just ran out of cash after my last purchase a month ago. So now I am looking for properties in the 10k to 40k range that will fit the 2% rule more or less.

Have you refinanced your properties to try and pull the maximum amount out? I'm currently working on that on several of my properties and as long as the numbers work, I haven't had a problem, thus far.

As far as markets go, I've noticed many BP investors are involved in many of the cities that are already well known for investment...

Kansas City, Indianapolis, Atlanta ... IMO, these are great markets, we own many properties in all of these cities and the price points you're talking about are available. Of course, you have to be thorough about your analysis of the neighborhoods, etc. to ensure you're not buying a $1K home in a war zone.

Edited: 06/26/2010 at 10:32AM

Irwin DeVries

Real Estate Investor · LA Area, California

40 posts
148 Influence

Icon_minipost Dec 18 '09, 03:55 PM

Michael,

I just put two SFR's under contract and they are zero down. Nothing out of pocket except for building inspection and maybe appraisal. And yea they cash flow. You need to have at least a 700 fico score and less than 4 mortgages on your credit. Contact me if you want more details.

Irwin
[PHONE NUMBER REMOVED]

Edited: 06/26/2010 at 10:54AM by Moderator : phone number in signature, please

Michael Rossi

Real Estate Investor · Ohio

4587 posts
14256 Influence
14 Awards

Icon_minipost Dec 18 '09, 09:53 PM

Contact me if you want more details.

Irwin

I guess reading skills are no longer in vogue. Geesh!

Edited: 06/26/2010 at 10:54AM