Where are you buying for cashflowing properties today?

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Anthony Wick
Rental Property Investor · Ankeny, IA · Member since 2017 · 2k+ posts · 3k+ votes
7y

@Diane G.

Lol. California chimes in with “nowhere”. There’s a lot of other states east of you.

115Reply
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  • Diane G.
    CA · Member since 2016 · 1k+ posts · 1k+ votes
    7y

    @Andrew Smith

    No where

    36Reply
  • Kris L.
    San Antonio, TX · Member since 2019 · 930 posts · 836 votes
    7y

    Nowhere seems unlikely 

    25Reply
  • Account Closed
    Rental Property Investor · Canton, OH · Member since 2017 · 1k+ posts · 1k+ votes
    7y

    @Andrew Smith

    Midwest...but depends on what cash flow numbers you are trying to achieve.

    18Reply
  • Andrew Smith
    OP
    Member since 2018 · 38 posts · 71 votes
    7y

    Where in the midwest do you recommend?

    22Reply
  • Kris L.
    San Antonio, TX · Member since 2019 · 930 posts · 836 votes
    7y

    What are your goals?  Residential single family?  Residential multi family?  Commercial?  Self Storage?  Trailer Parks?

    6Reply
  • Andrew Smith
    OP
    Member since 2018 · 38 posts · 71 votes
    7y

    Residential single and multi family

    1Reply
  • Justin Frank
    Rental Property Investor · Tacoma, WA · Member since 2018 · 244 posts · 140 votes
    7y

    @Andrew Smith

    I have had some recent success in southern Oregon 

    7Reply
  • Andrew Smith
    OP
    Member since 2018 · 38 posts · 71 votes
    7y

    Cool what cities?

    0Reply
  • Anthony Wick
    Rental Property Investor · Ankeny, IA · Member since 2017 · 2k+ posts · 3k+ votes
    7y

    @Diane G.

    Lol. California chimes in with “nowhere”. There’s a lot of other states east of you.

    115Reply
  • Victoria S.
    Overland park, KS · Member since 2017 · 113 posts · 44 votes
    7y

    It’s hard to find good cash flowing properties right now...everything is overpriced! 

    27Reply
  • Anthony Wick
    Rental Property Investor · Ankeny, IA · Member since 2017 · 2k+ posts · 3k+ votes
    7y

    @Andrew Smith

    Where; off market. Through contacts. Reia meetings. Mom and pop sellers that are old and ready to get out of the business. Driving for dollars. Cold calling places for rent and asking if they’d rather sell.

    My last three properties never hit the MLS. 2 of 3 weren't for sale until I talked with owner. Now, none of this means you're getting them for 70% value or you're stealing them from the owner. But it's better than a bidding war after a massive showing to many buyers.

    94Reply
  • Randall Weatherall
    Real Estate Agent · Memphis, TN · Member since 2019 · 261 posts · 253 votes
    7y

    It's not every property like it used to be, but we're still seeing some decent returns here in Memphis even with list prices at insane highs for many units.  Off-market units are creeping up higher as well, but there are the occasional gems if you're a patient buyer.

    13Reply
  • Steven Denio
    Investor From Portland, OR · Member since 2017 · 87 posts · 26 votes
    7y

    @Justin Frank, Grants Pass?

    3Reply
  • Account Closed
    Rental Property Investor · Torrance, CA · Member since 2016 · 724 posts · 1k+ votes
    7y

    @Victoria S. There are lots of deals out there. But only for cash buyers. In this market you have to buy distressed, and pay cash to get anything with meat on the bone.

    19Reply
  • Justin Frank
    Rental Property Investor · Tacoma, WA · Member since 2018 · 244 posts · 140 votes
    7y

    @Steven Denio

    Even further south. Went all the way to Klamath Falls. They have a great property management company down there. Giving it a shot. Will continue to purchase if things go well

    10Reply
  • Ashton Levarek
    Rental Property Investor · Beaverton, OR · Member since 2018 · 88 posts · 155 votes
    7y

    @Andrew Smith - the Carolinas, Fayetteville, Durham and Raleigh.

    28Reply
  • Martin NealPro Member
    Rental Property Investor · Chicago, IL · Member since 2017 · 293 posts · 383 votes
    7y

    @Andrew Smith I’m in Chicago. Doing it the @Brandon Turner way, one house at a time.

    47Reply
  • Ricardo Martinez
    Member since 2019 · 2 posts · 30 votes
    7y

    @Anthony Wick

    I'm actually buying cash flow in California

    29Reply
  • John WilliamsBusiness Member
    Property Manager · Clarksville, TN · Member since 2018 · 443 posts · 210 votes
    7y

    @Andrew Smith

    I’m a realtor and buy and hold investor here in Clarksville, TN and I am still finding cash flowing properties!

    [email protected]931-272-3065
    Rent My Home - Property Management4.8211 Reviews
    WebsiteView Page
    26Reply
  • Gabe Barlow
    Los Angeles · Member since 2018 · 24 posts · 10 votes
    7y
    Originally posted by @Ashton Levarek:

    @Andrew Smith - the Carolinas, Fayetteville, Durham and Raleigh.

    Near Ft Bragg is cash flowing? Haven't been that way in years

    8Reply
  • Alex KhanPro Member
    Specialist · Southeast Michigan · Member since 2015 · 300 posts · 244 votes
    7y

    Detroit Michigan and the surrounding suburbs! 

    248-979-8119
    17Reply
  • James Ma
    Burnaby, BC · Member since 2017 · 283 posts · 268 votes
    7y

    Chilliwack, BC

    3Reply
  • Marisa R.
    Developer · Atlanta and Detroit · Member since 2018 · 601 posts · 821 votes
    7y

    Detroit numero uno, just make sure you buy the right product

    11Reply
  • Marisa R.
    Developer · Atlanta and Detroit · Member since 2018 · 601 posts · 821 votes
    7y

    The figures in Detroit are something like this.... 

    $35,000 - 40,000  purchase price and rents around $800-850 pm

    59Reply
  • Storm S.
    Real Estate Agent · Santa Barbara, CA · Member since 2016 · 518 posts · 283 votes
    7y

    @Andrew Smith 99.9% of all properties cash flow with a high enough down payment.

    32Reply
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