Cash is King or Queen

[Marisa R.]

Hi Everyone

Just wondering where investors are sourcing cash cows?

Yes, I imagine a question asked every day of the week.

Sometimes the only way to do this is doing something outside the square. This requires more work, something like a distressed property and adding value. This may mean networking and finding deals prior to hitting the market. Not always easy, but I have been doing this

So many markets have been rising since 2011, its getting much more difficult to source good cash flowing properties.

I started in Atlanta, but the competition is fierce and very difficult for the numbers to stack up today.

Now I am moving on to Detroit, this is a gold mine, but be wary investors there are good neighborhoods and bad, get this wrong and it will like flushing money down the toilet.

Looking forward to hearing about your experiences.

[Rick Baggenstoss]

I purchased a couple of good deals off MLS in Atlanta this year. A wholesaler brought me two others. I slacked on mailings this year. 50/50 off/on market has been my experience in the past. My volume is down because there aren't as many attractive deals and I'm being more cautious.

I probably will continue to work Atlanta because it offers decent returns and a good chance at appreciation over the long haul.