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Updated almost 6 years ago on . Most recent reply

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Nancy Mascorro
  • Real Estate Agent
  • Los Angeles, CA
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Best cash flowing states to invest

Nancy Mascorro
  • Real Estate Agent
  • Los Angeles, CA
Posted

Hello all, I am a newbie investor and wanted to know what are your favorite places to invest in cash flow properties that are worth under $200k.

Would love to hear from you all 👇🏼👇🏼👇🏼

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Marcus Auerbach
#2 Goals, Business Plans & Entities Contributor
  • Investor and Real Estate Agent
  • Milwaukee - Mequon, WI
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Marcus Auerbach
#2 Goals, Business Plans & Entities Contributor
  • Investor and Real Estate Agent
  • Milwaukee - Mequon, WI
Replied

Cheap properties are not the path to success. At best cheap properties are a stepping stone to get into the game and then quickly get out and into quality. I like how you put your questions @Nancy Mascorro -  $200k get's you a quality duplex in Milwaukee proper and is more than enough for a quality single family home. 

You can reasonably expect $200-ish per door  in cash flow; your net worth engine (de-leveraging your loan, forced and natural appreciation, tax-write offs) depends a little on property type and location, but usually surpasses cashflow quite a bit.

The best city for you is the one that you know and invest. If you have to rule out your back yard, pick a city you know, you travel to (family?) or at least that is easy to get to. Car beats plane, and direct flight beats layover.

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