Looking for high cash on cash markets

Looking for high cash on cash markets

Investor · San Diego · Member since 2022 · 2 posts · 0 votes

I live in San Diego and have one short term rental here that does great but I'm looking to re-invest the proceeds from a regular rental condo in San Diego that I decided to sell in June. I've owned a couple SFH's in Rochester NY before and I'm looking for a package deal there but figured I'd see what other cities the BP community might suggest for high cash on cash returns and ideally low prices. I have 200k to immediately invest but I'll wait until probably summer to see how the economy looks once the fed is done with rate hikes. I'd like to find a market with enough inventory and a quality property management company so I can buy in one place (At least 6-10 units) and not have to scour the county to invest this chunk of money. After that, I'd be open to exploring other markets. Thanks!

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Real Estate Agent · Kansas City · Member since 2018 · 4k+ posts · 3k+ votes
3y

Happy to chat on KC, great mix of appreciation and returns 

See this reply in the discussion

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  • Kerry Noble JrPro Member
    Investor · Indianapolis, IN · Member since 2018 · 2k+ posts · 1k+ votes
    3y

    Central Indiana for sure

  • Lender · Northwest Indiana · Member since 2021 · 55 posts · 26 votes
    3y

    Check out Northwest Indiana as well. Great cash flowing market. The local economy is doing great. That being said our properties definitely will not appreciate at the rate of San Diego! lol

    I have connections to some great property management groups in the area as well. I self manage but I could point you towards one in particular that I trust.

  • Tyler LingleBusiness Member
    Real Estate Consultant · Indianapolis, IN · Member since 2021 · 440 posts · 292 votes
    3y
    Quote from @Kerry Noble Jr:

    Central Indiana for sure


     Central Indiana... Tons of Multifamily. Prices are getting better now. 

  • Investor · Rochester, NY · Member since 2015 · 499 posts · 169 votes
    3y

    I am a full time investor here in Rochester..I run a local meet up as well. Let me know if you have specific questions

  • Real Estate Agent · Kansas City · Member since 2018 · 4k+ posts · 3k+ votes
    3y

    Happy to chat on KC, great mix of appreciation and returns 

  • Drew SygitBusiness Member
    Property Manager · Royal Oak, MI · Member since 2012 · 12k+ posts · 9k+ votes
    3y

    @Justin Sterling

    You might want to follow the "Deep Dive" series we're doing on our BiggerPockets blog about Metro Detroit cities, City of Detroit Neighborhoods and comparing Metro Detroit to other hotspots investors usually consider:

    https://www.biggerpockets.com/...
    (BP search feature can be problematic, so we’ve also added links @ our website under View Cities & Neighborhoods We Service)

    Please send us any feedback via email, as we do not use the DM feature here.

  • Joe HammelBusiness Member
    Real Estate Agent · Metro Detroit, MI · Member since 2018 · 612 posts · 666 votes
    3y

    @Justin Sterling

    Love Metro Detroit

    (my rental portfolio is here)

    Purchase: $80k-$130k

    Rent: $1200-$1500

    ROI: 10-14%+

    Cash flow: $250-$350/door+

    Appreciation: Double digit (for past 10 years, will gladly send data)

    Location: C+, B- (suburbs and certain markets)

    We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, and mortgage industry National footprints. Ever hear of Ford, Rocket mortgage, or Beaumont hospitals? All complimented with Amazon fulfillment centers, google, and more tech manufacturing jobs.

    The bad reputation comes from OOS investors wanting $20k D market properties. We don’t buy those lol.

    FIRE Realty Team - Keller Williams5377 Reviews
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