where to invest for cash flow with 100k ?

Question

hello,

i am looking at the following states for cash flow

1. Texas

2. Philly

3. Florida

4. NC

i am looking for a 2 unit or single with a price point of 315k with 20% to 25% down aiming for a cocr of 10% putting 5% repairs 5% CAPEX 8% for vacancy and 10% PM. What market is perfect right now for cash flow even in this high price market?

Khaled Morad · Answer

In Buffalo you can get those numbers. I can give you my personal experience and real numbers.

Dillon Cook · Answer

I'm in central FL (Tampa Bay) and I know about 20 investors who would die for those numbers right now. So probably not here unless you're willing to lower expectations. With Tampa, and other FL markets, you have to factor in future appreciation. That's not free

Matt Buroni · Answer

Account Closed Great things happening in NC right now. Lots of people moving down to Charlette and Raleigh areas with Apple coming in to Raleigh in the next couple years. Quite a bit of activity around here right now and way more potential. Not certain about right now, but if I were you I'd be looking at NC and looking at a long term play. Food for thought!

Matthew Irish-Jones · Answer

Account Closed Khaled is correct, we see those numbers readily available on the MLS.  Your CapEx and maintenance might be light though.

Account Closed · Answer

@Dillon Cook do you think with 20 to 25% down on a single i could get cash flow? even at 200 per month after all expenses?

Paul Riley · Answer

Hey Mario,

I live in the Philly area.

10% CoC return is possible in real estate notes as well. You get the cashflow without all the capex, renos, property management and tenants.

Where did you end up buying?

Jason Moomaw · Answer

@Mario Gonzalez with that much, I would look into an apartment complex.

Dillon Cook · Answer

@Mario Gonzalez

You can cash flow on most sfh. How much is the question. A 180k 3/2 could produce $200/mo cash flow where as a 300k 3/2 might produce $20/mo.

Higher relative returns are gained in the 100-200k range. If you want something a little less aggressive, like a class A neighborhood for example, you could break even the first couple years and start cashflowing year 3. Tampa is similar to some California markets in that most gains are achieved by appreciation, however unlike California there is still some cash flow to be had

where to invest for cash flow with 100k ?

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