Washington D.C., Washington D.C. · Member since 2016 · 9 posts · 1 vote
Bigger pockets,
I'm a veteran who is getting out of the Army in the near future. I'm looking to start investing in Multifamily homes. Because I have been transient while in the army, I am looking for a town in the northeast to look at houses. I am interested in an area that has good cash flow prospects and opportunity for growth. Does anyone know any areas I can look into??
Gerard
Anywhere really provided you have the capacity, funds, knownow, nerve and the stomach to take it all on. Is that's simple, is all. To get a taste I'd recommend acquiring a multi w/value-add (lots of sweat in other words) in a B+ area wher you can live and rehab and above all, LEARN as I've observed over he years it's not how much capital one has at their disposal but knowledge that will ultimately yield you the "cash-flow" you're aspired so to grow. Best of luck & perseverance.
@Gerard Connolly- First of all... thank you so much for your service to this country!
For good cash flow... look for bigger deals, with a value add component, in which you can afford to use on-site property management (at least 75 units)... I would say South of Virginia to Florida, the Midwest- Texas, Oklahoma, etc.
It's tough to get deals that make financial sense and provide good cash flow in the Northeast.