Cash Flow Markets on East Coast
I read Rich Dad Poor Dad About 3 months ago and I've caught the bug to jump into Real Estate Investing. I have since been listening to pod casts everyday and reading the bigger pockets books and searching for my first property ever since.
I have approx. $40k to use as downpayment and closing on a conventional loan on my first investment property. I am looking to purchase something within the next 6 months. Does anyone have any suggestions for good cash flow markets on the east coast. I am hoping for something around $100k purchase price as close to move in ready to minimize my risk on the first deal and I was hoping to cash flow at least $150/month.
I have been scouring central Florida due to the projected appreciation but that market is now overpriced and I'm having trouble finding anything that cash flows below $200k. (Or doesn't need a major rehab, which Im not comfortable doing on my first deal so far away)
I am in Northern Virginia so everything in this area is well above my price range. Any suggestions for a new market with cash flow potential at $100k purchase price would be greatly appreciated.
Thanks,
Justin