Brrrr or rental properties

[Dena Zeid]

How in the world do you find a good investment property.  Whether it's a flip, rental or brrr. I've been wanting to to invest in real estate for years but can't seem to find not one good deal in Jacksonville FL!  I was looking at a foreclosure just now, listed for 180k, market value after repairs 230k.  Probably needs 15k to fix. Rental income is modestly 1200.  I ran the numbers on the BP calculator and I was negative cash flow!

this is very frustrating.  Everyone makes it seem easy, but it's near impossible to find a good deal. At least for me.  

please help!

[Ned Carey]

@Dena Zeid 

done a lot of research and listened to a lot of podcast. They all say
that the rental should be in a good hot location for it to be easier to
rent. It might not be in a good condition, but the location hast to be
good

Well I haven't done a podcast yet. That is not what I would say. In fact I strongly disagree. If you buy in a HOT location you are paying top dollar. Buy low sell high. Not the other way around. You want to buy in the future hot areas, although that takes some real skill to do consistently.

Locations is not the most important thing for an investment property. Cash flow and equity are. If you could buy a property with no money down and it gave you net, net, net $50k a year in cash flow, would you really care where it is located?

The return on your investment both short and longer term are what count. Location is only one factor is that equation.