Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago on . Most recent reply

User Stats

24
Posts
10
Votes
Patrick Ruff
10
Votes |
24
Posts

Inventory Is Han...SO LOW

Patrick Ruff
Posted

Hi I have been a big fan of Bigger Pockets for a long time and after waiting a long time my wife and I (who live in NY) decided to pull the trigger and we started investing in Milwaukee (mostly due to having visited the area a few times since family lives there). The properties cash flow but not very much (maybe 4% cash on cash return if you account for repairs) and so more recently my wife and I bought our first turn key property in Northwestern Indiana (cash on cash return of about 11%). 

We've been searching for a new market similar to the home we bought in Indiana and it just seems like inventory is really tight right now. We have looked at Cleveland Ohio and are on waiting lists for both the Northwestern Indiana market as well as Cleveland. We are looking for good suburban neighborhood turn key properties that cash flow. Is it unrealistic to be able to find a property for ~$100k that meets the 1% rule, is in a decent neighborhood, and has good property management? I will do more research but if anyone has had a good experience I'm just sort of burning out (I have a 5 month old and I work all day only to sleep very little each night so not much time to research markets). Thanks in advance!

Most Popular Reply

User Stats

17,553
Posts
30,352
Votes
Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
30,352
Votes |
17,553
Posts
Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

DC has the lowest inventory on record. We are measuring inventory in weeks instead of months now.

business profile image
District Invest Group
5.0 stars
44 Reviews

Loading replies...