These are the Best Markets and With $50,000 you can buy 3 Properties in 2024

[Account Closed]

Here is a big pro tip:

Stop buying on the MLS. It’s too expensive! There is a process called “Subject To” and a similar process called “Seller Financing” that gives 1% or more monthly income.

There are other ways called “SEO” and “Pay Per Click” and “Yard Signs” and so on.

That’s right, you can buy 3 properties for $50,000 “Off Market”. Yes, you get depreciation and tax write offs. And it can be done out of state. These are decent homes in decent neighborhoods. Don’t try this in cheap neighborhoods. It’s too much work.

For instance, This property was bought for $5,000 (Five Thousand Dollars).

Click on images to enlarge Purchase & Sale Agreement (many more examples available).

This is an example of how the numbers work

There are hundreds of people doing these every day around the country.

My experience is the best place to focus on these are the typical places. Dallas, Atlanta, Indianapolis, Columbus. Places where investors are welcome and prices are reasonable.

We’ve had success in WA, AZ, TX, AL, GA.

Oh, I’d not tried in Socal yet, because of the high price point and unfriendly landlord/tenant laws. If someone is buying “off market” in California, please comment.

Isn’t it amazing to see what can be done with investment dollars. Instead of the bank making the money, the investor does. What a thought.

A certain amount of people are willing to sell on Creative Finance, like Subject To, (Subto), Wraps & Seller Finance for various reasons.

It's usually under $15,000 or so in "up front" money, so make sure you have some capital. No need for credit, no need for financing. These properties can be used for a rental, fix & flip, STR, Lease Option, 1031 whatever crosses your mind.

Anybody can research this, it’s been done for over a hundred years. But most investors use a mentor or coach to be trained, just because it speeds up the learning process so much. If you have the time though, you can learn all of this on Bigger Pockets and on the internet.

[Engelo Rumora]

Quote from @Account Closed:

Quote from @Tchaka Owen:

This property was bought WITH $5,000 is much more accurate than "FOR $5000". The former implies you got in the deal with $5k in your pocket, the latter says the house cost $5k. 

Yeah, but that doesn't get you as many clicks.  ;-)

Seriously though, does it matter to the average investor what the term used is? I think the point is well made that one can actually find deals "off market" and then say instead "I bought this house with 10,000 bananas that cost $0.50 each." It's still AMAZING!!!!

And, it doesn't need hurricane insurance and no sink holes. ;-) Of course, it's a mere 8 hours to the ocean, you've got me there.

There is nothing like a good old click bait headline hehe

I always get $#@% for doing them

Been investing in Toledo, OH since 2014 and you can pick up sold B class deals here for less than 50,000 bananas.

Purchase and rehab for a total of 50,000 bananas and ARV value would be around 80,000 bananas

Rent of between 800 - 900 bananas per month.

Not bad if you ask me but you don't get down and dirty and pick those bananas lol

🍌