Any investors out there having good experience with cash flow (~4% cap rate and above) on single family, duplex, condos with a purchase price of ~200k in any particular city? I'm looking to invest out of state and I'd like to know if you have personal experience finding decent deals in a particular city. Websites all over claim good cities for cash flow but its really all over the place and no website seems to be consistent.
Thanks in advance.
@Sean Lee I believe there are many cities that match your criteria. If you have any connections for a team member of your core 4, I would start there.
I am in So Cal. I just invested in central Az and it is cash flowing well. 215,000 is the average house price that I paid in Nov/Dec. 1500-1550 rents for 3bd/2ba. Low insur and taxes. Great weather. Houses are nice. Some with and some without HOAs. Good rental market now.
@Nicole W. Hi - what cities are you specifically investing in/seeing those comps?
@ Sean Lee
I messaged you all the info.