Cash flow properties

[Puja Devi]

Hi All - I have $50k to invest and looking for a cash flowing duplex or triplex. Should I invest in CA (Riverside & larger Inland Empire I hear has good tenant base) or out of state--Columbus, Indianapolis, Baltimore to name a few. I've spoken with a few agents and investors and can't seem to make up my mind. Would appreciate any tips on how to think through this. 

[Marc Rice]

@Puja Devi

Out of state in the Midwest you’ll be able to find homes under $200k that make good investments that would be ok with the $50k you have for a down payment at 25% down.

The Columbus market is hot but it’s great for cash flow and appreciation. If you’re looking for no appreciation at all and the lowest possible prices I’d recommend other markets like Detroit, Dayton, Cleveland.

When investing out of state it’s important to have a strong local team of an agent, contractors, property managers, and lenders.