Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 9 years ago on . Most recent reply

User Stats

14
Posts
4
Votes
Thomas Cheek
  • San Diego, CA
4
Votes |
14
Posts

Best Markets for immediate cash flow

Thomas Cheek
  • San Diego, CA
Posted

I'm getting started in the investment world and wanted suggestions on what the best markets were to buy and get quick cash flow.  I'm looking for secondary markets where the properties aren't as expensive.  Thanks for your help!  

Most Popular Reply

User Stats

1,320
Posts
704
Votes
Darrin Carey
  • Lender
  • Dayton, OH
704
Votes |
1,320
Posts
Darrin Carey
  • Lender
  • Dayton, OH
Replied

@Thomas Cheek A lot of people from California, other states and countries invest in Dayton Ohio for the current cashflow. To successfully invest out of state, there are a few things you need to do. 

  • You MUST have a good property manager.
  • You need to visit the area BEFORE buying your first property. An airline ticket and hotel area cheap compared to a bad deal.
  • You need to identify the types of neighborhoods you are willing to invest in. Better neighborhoods, lower return (but still good), lower drama. Lessor neighborhoods, potentially higher returns, higher drama.
  • You need to have some local people you can call when you need a hand, a property, or a referral.
  • You MUST have a good property manager. (That's on the list twice for a reason.)

I used to be an out of state investor. Those were the key elements I learned the hard way.

You still need to do all the normal Real Estate Investing items as if you were investing locally.

Best of luck. Feel free to call if you want to chat about the topic.

  • Darrin Carey
  • Loading replies...