How much do you have to spend to buy a rental property in your area?

[Jimmy S.]

I though this would be a interesting topic since people are from all over the world here.

What the average cost you need to spend in your area to get a decent rental property that is turn key or if you need to rehab it how much it costs to purchase a rehab property.

In my area is around 100k for anything decent or around 70k for a rehab property... 

[David Roberts]

Originally posted by @Joe Villeneuve:

@Curt Davis OK

Redford, MI - 3/1 1036 Ranch

$37,500        Buy (incl closing costs)
$  2,000        Rehab

$ 950            Sorry...I hope $950 is good enough.  This is one I'm getting ready to close on,                      so it was right in front or me when your question came through.

This is only one example of many.

 I think you should stop telling everybody not from here about the deals around here, becuase there are only so many!  Stop it! lol