Midwest 2%-ers goldmines

[Shiv Jey]

It's been over a year since I started.  I read all the books and thought this should be easy...

And it is...sorta.  Finding deals is by far the hardest part for me.

Multifamily is so ridiculously overpriced. The deals that I got into were "OK" and are performing "OK". My SFR's are performing "OK". Lower than what I predicted, better than traditional stock markets...OK.

And now, everything is hotter, everything is more expensive, and these same investments at these inflated prices are no longer OK.  Then someone posted a week or so ago about midwestern markets.  The cashflow from them seemed better.  I found a couple people in Beloit/Janesville and !@#$ the returns are way, way better from cashflow, even if there is no appreciation.  

So my question is, where are the other Beloit's out there?  Where one can consistently beat 1% price to rent, and even flirt with 2% if some sweat equity is willing to be expended?  I'm an OOS investor...to hell with Seattle.  Still too inflated to even break even on cashflow here despite the appreciation play.

[Jay Hinrichs]

virtually any city in the mid west and rust belt..  keep in mind though you go for 2% rule and your not local and know what your doing you will be lucky to break even .. as the renters in those areas will be a handufl