Best markets for cash flowing properties?

Question

What are your best markets for cash flowing properties?

Will Fraser · Answer

Really bad markets.  Specifically ones where most of the population can't or won't buy.  Those are GREAT for pure cashflow!

For a hybrid approach, balancing cashflow, tenant caliber, and appreciation there have been a litany of threads on this touting Cincinnati, Little Rock, everything in NC, Tempe, Tulsa, Huntsville and nearly every 2nd, 3rd, and 4th tier city with any semblance of economic growth.

Less cashflow, but higher IRR overall :)

Linda Labbe · Answer

Ohio has great cash flow where is down to the team on the ground  a solid team mean solid cash flow  we use Dayton and Toledo because of the teams we have there  am more then willing to chat with anyone and share what we have learnt over the years as a remote inviter in \Ohio

Kwame Amoako · Answer

@Alissa Luthe Columbus, Ohio is a great market for cashflow. We've also got great appreciation.

Andrew Rosenberg · Answer

@Alissa Luthe Alissa, don't be discouraged, but "best" just opens up circular-loop semantic arguments.  Really high cash flow markets involve more risk than some new investors realize that they are taking on - turnover, vacancy, section 8 issues, etc.  Many would argue that you'd have to locally manage and roll up sleeves to deal with highest cash flow markets. Best market won't matter if you have bad team: realtor, contract and or property manager - all three can destroy cash flow.  In short just do an honest self assessment of risk, commit to not chasing returns blind of risk, and make sure to put as much focus on building the right team as selecting a market.  Out of state suckers get burned all too often.  Lotta markets with job/population growth that still cash flow well (maybe not great) in the midwest and the south.  Best wishes and good luck!

Mike Mocek · Answer

Hey @Alissa Luthe I think in most areas you can find cash flow.  I cash flow beautifully in Tampa, FL but others would argue otherwise.  I help a lot of clients in Toledo with some solid cash flow properties, if you want to learn more about Toledo, I will be more than happy to discuss the market with you

Aigo Pyles · Answer

Memphis, TN.

Marc Rice · Answer

Throughout the midwest you'll find strong cash flowing properties. In Columbus, Ohio you can find 1% rules throughout and a very low price entry point. No matter where you invest its critical to have a local team of agent, lender, property manager, and contractors.

Remington Lyman · Answer

I really like the Columbus, Ohio market for cash flow and appreciation. We have seen a rapid growth in jobs and population.

Zeke Liston · Answer

Cleveland, OH has really good cashflow. Columbus, OH has really good cashflow and appreciation.

Luke Rorech · Answer

@Alissa Luthe as Mike mentioned, Tampa is a very hot market. It won’t cash flow as well as other markets but when you factor in the growing population and rapid appreciation, the IRR in Tampa can be spectacular.

Best markets for cash flowing properties?

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