Investor · Dublin, CA · Member since 2016 · 1 post · 1 vote
Hi, I am new here and I want to buy an investment property which has good cash flow. My budget is around 600,000. I am looking for a multi family home/ few units. Any ideas for cities are good for cash flow? I am also open minded for a condo of it doesn't have HOA :)
My goal is: my tenant(s) payment rent will cover my mortgage and property tax and being some extra cash each month if I can.
I appreciate your inputs, Thank you.
First of all, welcome to BP. It's a great resource for investors with lots of experience as well as those just starting out.
Many of the Midwest US cities provide good cash flowing investment opportunities. My personal experience is in the Cleveland market. Properties are relatively inexpensive (80-90k) and if you finance the property you can generally get 15-20% cash on cash return ($200-$300 monthly cash flow after all expenses).
Feel free to contact me with any questions. I'd be more than happy to help you if I can.
Specialist · Lakewood, CO · Member since 2014 · 1k+ posts · 1k+ votes
10y
Search for "Turnkey providers". They operate where there is cash flow. A goal of "my tenant(s) payment rent will cover my mortgage and property tax and being some extra cash each month if I can" is not a goal of cash flow, that's a goal of alternative savings, inflation hedging, or appreciation.
Check around the site, there are thousands of posts and articles that will cover your question! Welcome to BP.
First of all, welcome to BP. It's a great resource for investors with lots of experience as well as those just starting out.
Many of the Midwest US cities provide good cash flowing investment opportunities. My personal experience is in the Cleveland market. Properties are relatively inexpensive (80-90k) and if you finance the property you can generally get 15-20% cash on cash return ($200-$300 monthly cash flow after all expenses).
Feel free to contact me with any questions. I'd be more than happy to help you if I can.
Multiple markets in the midwest will accomplish the goals you are looking for. Do some networking with the various members of the site and start seeing who's operation you like and or dislike then go from there.
Hi, I am new here and I want to buy an investment property which has good cash flow. My budget is around 600,000. I am looking for a multi family home/ few units. Any ideas for cities are good for cash flow? I am also open minded for a condo of it doesn't have HOA :)
My goal is: my tenant(s) payment rent will cover my mortgage and property tax and being some extra cash each month if I can.
I appreciate your inputs, Thank you.
Hello Wennie,
First of all, welcome to BP! I'm sure you will find this website to be very helpful for learning more about markets and REI. I would have to agree with some others that have posted in here, Cleveland and the Midwest in general is a great place to invest lately. Feel free to do some more detailed research on BP and the internet in general. You can find some pretty solid numbers floating around.
The best part about investing is that it can be done anywhere in the country! You never know what market may interest you.
Feel free to send me a message if you have any questions.