Areas that with houses for 50k

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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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  • Steven Silman
    Rental Property Investor · Vancouver, BC · Member since 2020 · 57 posts · 25 votes
    6y
    Originally posted by @Dean Harris:

    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. 

    Hi Dean, can you tell us what steps you take in those areas? I've owned a few properties in similar neighbourhoods with generally positive results but a couple of times things have gone sideways. 

    0Reply
  • Robert S.
    Rental Property Investor · IN (indiana) · Member since 2020 · 49 posts · 18 votes
    6y

    @Soh Tanaka

    Where in Gary?

    NWI is super hot right now and the areas you can buy those houses in I would suggest not to.

    0Reply
  • Robert S.
    Rental Property Investor · IN (indiana) · Member since 2020 · 49 posts · 18 votes
    6y

    @Brian Ploszay

    I had a friend that bought a house in Dyer 15 years ago told me to buy anything I can there I called him crazy now I live in Dyer. 2 years my house went up almost 50k in value. I wish I listened to him back then.

    2Reply
  • Kiera Underwood
    Real Estate Agent · Oklahoma City, OK · Member since 2019 · 956 posts · 600 votes
    6y

    @Percy Matsunaga happy to tell you anything you need to know about OKC! Let's connect. 

    0Reply
  • Parker Massengill
    Real Estate Agent · Raleigh, NC · Member since 2020 · 38 posts · 15 votes
    6y

    @Joe S. Check out Fayetteville NC. It's a military base town and a great cash flow market. 

    1Reply
  • Paul DeSilvaPro Member
    Investor · New York, NY · Member since 2017 · 148 posts · 252 votes
    6y

    There are opportunities for 50k SFH's in some Western and Northern NY towns. Especially if you wanted multi-families you can definitely get for 50k per unit and not in a war-zone.

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

    @Steven Silman

    I prefer to buy property over there that is vacant. Then, I can control the condition from the beginning. What often happens is that investors will buy a property that is occupied over there and then get all kinds of surprises once the home goes vacant. To me, buying vacant and going over the top with the rehab is essential. I always have a plumber inspect, drain lines, etc. I always have an electrician update the panels. I always replace faucets, lighting and anything else that would cause a tenant to call in a maintenance request. I will usually install a new roof, install new AC window units (This is acceptable in this market) and make sure that the exterior is free of trees since this area is well established and full of mature trees. 

    Those are just some of the basics that I cover when I by in 38122 and 38108. Feel free to reach out via PM if you have any other questions. 

    CrestCore Realty4.713 Reviews
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    1Reply
  • Kunal Mishra
    Flipper/Rehabber · Jersey City, NJ · Member since 2016 · 158 posts · 86 votes
    6y

    @Robert S. what cities in particular do you think would be good for a $50k per unit investment, I am hearing Gary, Hammond, Dyer (from you) are these good for a start

    1Reply
  • Robert S.
    Rental Property Investor · IN (indiana) · Member since 2020 · 49 posts · 18 votes
    6y

    I’ve been looking a lot lately there closing on Friday in Merrillville got a duplex looking condo for $80k

    In my opinion which I am not a professional
    what’s so ever I would not chose this market for that price range. In Hammond you can’t find anything half way decent for that amount Gary you can find for $1000 probably but I would not suggest that area contractors don’t want to work those areas there is no future hope for appreciation. 

    If you wanna buy cash for 50 use that as a down payment on a property in Dyer Schererville highland even Griffith the west side though. I got mine in Merrillville just don’t go to north there. if you land highland Dyer Munster or Schererville the property values there are sky rocketing 

    @Kunal Mishra

    0Reply
  • Gary Carver
    Realtor · Detroit, MI · Member since 2018 · 387 posts · 129 votes
    6y

    Definitely Detroit. Lots of inventory and options in that price point 

    2Reply
  • Linda LabbePro Member
    Investor · North Bay, Ontario · Member since 2015 · 709 posts · 263 votes
    6y

    Gary Carver lets connect would love to get a team up and running in the Detroit area

    1Reply
  • Aigo Pyles
    Flipper/Rehabber · Memphis, TN · Member since 2020 · 758 posts · 285 votes
    6y

    Memphis, TN

    0Reply
  • Luke Stewart
    Real Estate Consultant · Indianapolis, IN · Member since 2020 · 23 posts · 19 votes
    6y

    Indianapolis and the surrounding areas have a large amount of SFH's for 50k or less. We have had a good amount of investors who have 80-100k to work with and are able to buy 2-3 investment properties in the area.

    0Reply
  • Rebekah Keller
    Investor · Detroit, MI · Member since 2016 · 61 posts · 86 votes
    6y

    Detroit Definitely does. War zone is very relative. I might not chose to live there, but all neighbors are grandma's who have been there 50+ years, have nice yards and safe neighborhoods. Detroit has a lot of options and these houses have been going up in value for years. I have owned properties and cashflowed since 2017 in war zones and non-war zones. :-)

    2Reply
  • Mike Jordan
    Investor · Livonia, MI · Member since 2017 · 66 posts · 9 votes
    6y

    Definitely agree with Detroit being the best option. Lots of options with very affordable prices. 

    0Reply
  • Robert ShortsleevesPro Member
    Wholesaler · Fayetteville, NC · Member since 2017 · 121 posts · 145 votes
    6y

    I'm a Fayetteville, NC investor and I just wholesaled a 3/1 for 33k and the seller is going to put in 7-10k for repairs and it should rent for about $750. Just wanted to give you an idea of what we're seeing here in good ole Fayetteville. 

    2Reply
  • Chad Carrodus
    Realtor · Atlanta, GA · Member since 2018 · 139 posts · 90 votes
    6y

    Macon, GA. I would never buy there, but then again, I don't know why you would want a $50k house instead of just saving some more,

    1Reply
  • Robert ShortsleevesPro Member
    Wholesaler · Fayetteville, NC · Member since 2017 · 121 posts · 145 votes
    4y

    In Fayetteville, NC we are able to find deals that fit this criteria pretty often. It defiantly not easy to find these deals on the MLS so we use a handful of marketing strategies to go direct to seller. Radio is expensive but works pretty well.

    1Reply
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