Areas that with houses for 50k

Buying & Selling Real Estate
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Areas that with houses for 50k

Joe S.Pro Member
Investor · San Antonio · Member since 2020 · 3k+ posts · 3k+ votes

Are there any places that sell single family houses for 50k that’s not in a war zone? 

I’m looking for houses that I can buy that would cash flow in descent areas. I’m not looking for appreciation, so no need for that debate please. 

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Arsen Atanasovski
Investor · Rochester, MI · Member since 2017 · 1k+ posts · 584 votes
6y

I got SFHs for $50k, that would cashflow very nice. Blue collar, not a war zone. Professional management.

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  • Kay Fakunle
    Investor · Sejong Daero, Seoul · Member since 2016 · 25 posts · 5 votes
    6y

    @AJ S. Show me a REIT that puts $10k in my pocket every month over time with a $50k initial seed investment and I'll sell all my properties and invest in it.

    3Reply
  • Mike D'ArrigoPro Member
    Turn key provider · San Jose, CA · Member since 2010 · 4k+ posts · 3k+ votes
    6y
    Originally posted by @Joe S.:
    Originally posted by @Mike D'Arrigo:

    @Joe S. for the number to work, I would stick with rents of $800 or more. That will put you in a better class of property and neighborhood also.

    So what would the purchase price range need to be from your prospective?

     $80K-$90K

    1Reply
  • Zeke Liston
    Real Estate Agent · Columbus, OH · Member since 2018 · 1k+ posts · 1k+ votes
    6y

    I used to live close to Zanesville @Aimee Parker, the neighborhood certainly cashflows! I'm happy to hear you're having luck there! 

    2Reply
  • Lucas Ingram
    Rental Property Investor · Member since 2020 · 10 posts · 3 votes
    6y

    @Arsen Atanasovski shoot me some SFHs.

    1Reply
  • Lucas Ingram
    Rental Property Investor · Member since 2020 · 10 posts · 3 votes
    6y

    @Zachary Smith interested in investing in Binghamton

    1Reply
  • Arthur Neves
    Rental Property Investor · Orlando, FL · Member since 2017 · 56 posts · 33 votes
    6y

    There are a bunch of SFH for less than that in Memphis. Don't hold anything in there yet, but evaluating them atm.

    2Reply
  • Gina Cook
    Investor · Long Island, NY · Member since 2019 · 34 posts · 22 votes
    6y

    Syracuse, NY! :)

    0Reply
  • Frank Agyeman-Duah
    Real Estate Agent · Dallas, TX · Member since 2020 · 145 posts · 42 votes
    6y

    @Erik Lathem

    Hi Erik, where are these SFHs located?

    0Reply
  • Anthony Edwards
    Rental Property Investor · MI · Member since 2018 · 17 posts · 8 votes
    6y

    @Joe S.

    Find homes that are under 100k. Do nice rehab try to have purchase and rehab total 100k.

    But could rent for $1250-$1450 a month. I do this in metro Detroit.

    Pay cash if you ca, and you will make 10% on your investment every month. I've been doing this for last 10 years in Michigan. I profit 1k a month on average for every 100k invested. Good luck!

    Buy homes that are built above 1950's!

    1Reply
  • Cj Powderhorn
    Investor · UT · Member since 2020 · 84 posts · 91 votes
    6y

    @Joe S.

    @Arthur Neves

    I have SFRS in Memphis and have been very happy (11 years). I know a lender who will finance as low as $48K. My best cash flow is a property I bought for $34K and the rent is $700. I’m happy to share my experiences with you if you want to PM me. Good luck, Cj


    1Reply
  • Cj Powderhorn
    Investor · UT · Member since 2020 · 84 posts · 91 votes
    6y

    @Joe S.

    @Arthur Neves

    I have SFRS in Memphis and have been very happy (11 years). I know a lender who will finance as low as $48K. My best cash flow is a property I bought for $34K and the rent is $700. I’m happy to share my experiences with you if you want to PM me. Good luck, Cj


    2Reply
  • Bryson Wells
    Member since 2020 · 1 post · 1 vote
    6y

    There's opportunities all day long in Kentucky. $40-50k, decent neighborhoods, moderate income and a good ROI all things considered.

    1Reply
  • Corbin Marcotte
    Real Estate Agent · Tulsa, OK · Member since 2016 · 98 posts · 60 votes
    6y

    @Joe S. Tulsa Has a ton of 50k homes. They do get solid appreciation, some even in the path of progress and have rents of $750-$850. I Just sold a friend a house in what Tulsa calls "The Pearl District" which is really coming up quick for 55k. with about 5k in work it would rent for 750. Or I sold one not so much in the path of progress, little more crime in the area but overall not a bad neighborhood for 20k. needed 5-10k worth of work and would rent for 650-750. 

    1Reply
  • Varun Chauhan
    Investor · El Dorado Hills · Member since 2020 · 3 posts · 1 vote
    6y

    @Arsen Atanasovski I currently have some rentals in Ohio and 1 inWashington state. I would like to invest in your area. 

    1Reply
  • Arsen Atanasovski
    Investor · Rochester, MI · Member since 2017 · 1k+ posts · 584 votes
    6y

    @Varun Chauhan sure I have properties in any criteria send me a PM with you contact info.

    0Reply
  • Martin Grizzanti
    Investor · Rochester, NY · Member since 2015 · 499 posts · 169 votes
    6y

    I invest in Rochester and you can find great deals at that price that are fair to manage

    2Reply
  • Steven Silman
    Rental Property Investor · Vancouver, BC · Member since 2020 · 57 posts · 25 votes
    6y

    @Aimee Parker are there neighbourhoods in Zanesville you would recommend avoiding?

    1Reply
  • Aimee Parker
    Zanesville, OH · Member since 2020 · 18 posts · 21 votes
    6y
    Originally posted by @Steven Silman:

    @Aimee Parker are there neighbourhoods in Zanesville you would recommend avoiding?

    Zanesville is pretty diverse. You can walk down most any street and see houses renovated and look great and a few doors down one that needs some TLC. There are just a few streets that have more pockets of crime, but that may be even part of a street. I learned this evening that Zville is the 15th largest US city. We have a very large amount of growth here with some Fortune 500 companies booming and growing. I know every inch of this county, and would share my informal opinion on anything you stumble across. If you need an agent referral or 2 to do some leg work for you that are investor friendly I'm happy to suggest a few. Best of luck, this area could be an investor's gold mine for buy and hold in my opinion!

    2Reply
  • Kunal Mishra
    Flipper/Rehabber · Jersey City, NJ · Member since 2016 · 158 posts · 86 votes
    6y

    @Arsen Atanasovski

    Try getting in touch with @Jerry Padilla he is from prime lending and does small amounts in Ohio and many other states.

    I recently closed two loans with him and his am very happy with how everything went.

    Thanks

    Kunal M.

    1Reply
  • Arsen Atanasovski
    Investor · Rochester, MI · Member since 2017 · 1k+ posts · 584 votes
    6y

    @Kunal Mishra thanks I had a few members tell me the same person. I will reach out and see if he lends in Michigan 

    0Reply
  • Rumbi Chakabva
    Realtor · Fort Wayne, IN · Member since 2016 · 14 posts · 8 votes
    6y

    You can find a very decent house for under $50K in Fort Wayne, IN

    pm me for details 

    0Reply
  • Percy Matsunaga
    Flipper/Rehabber · Sacramento, CA · Member since 2016 · 282 posts · 85 votes
    6y

    @Kiera Underwood

    Hi Kiera, I might be interested in Oklahoma. Currently I’m research areas to invest in TK properties. Can we discuss sometime this week? Please let me know when is a good time to connect.

    0Reply
  • Linda LabbePro Member
    Investor · North Bay, Ontario · Member since 2015 · 709 posts · 263 votes
    6y

    we are working in Dayton and Toledo where we have excellent teams on the ground and great contractors so doing the small properties is no issue. Both are great sites

    2Reply
  • Dean HarrisBusiness Member
    Real Estate Agent · Memphis, TN · Member since 2015 · 1k+ posts · 1k+ votes
    6y

    I personally own several properties in Memphis, Tn that are under $50,000. They are preforming well too! You just need to make sure you take a few important steps on the front end of the purchase to ensure they go smoothly. 

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  • Chris ClothierBusiness Member
    Rental Property Investor · memphis, TN · Member since 2009 · 2k+ posts · 3k+ votes
    6y
    Originally posted by @Joe S.:

    Are there any places that sell single family houses for 50k that’s not in a war zone? 

    I’m looking for houses that I can buy that would cash flow in descent areas. I’m not looking for appreciation, so no need for that debate please. 

    Joe - You've received a ton of responses on here so great job, but I would add one note of caution.  Be sure to define specifically what you are looking to avoid when you say war zone.  So many people define things differently and although I have not read every response, I've read a ton about "great areas, performing great, really good deals", but nothing specifically about defined war zones.  

    What if you can see boarded up houses from the front door of the house?  Does that meet your definition of war zone?  No Gand graffiti or if you watched for an hour you couldn't spot a drug house?  Maybe you mean there has not been a shooting or an arrest made on the block one a set period of time.  There is no set definition for war zone so...  Specifics like that may make it easier for you to really zero in on an area.  Good luck - 

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