Best Cash Flow Markets Nobody's Heard Of

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Best Cash Flow Markets Nobody's Heard Of

Tesho Akindele
Rental Property Investor · Orlando, FL · Member since 2016 · 135 posts · 145 votes

What are the best under the radar cash flow markets? I always see people recommend the same places; Kansas City, Memphis, Indianapolis, Birmingham, cities in Ohio, etc. What cities are hidden gems for cash flow investors?

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Zachary Beach
Specialist · Los Angeles, CA · Member since 2018 · 291 posts · 231 votes
5y

@Tesho Akindele if your looking for cashflow short term rentals is the place to be. I’m in Big Bear and my cashflow is insane. Insane like The last few months have been 5 figure profits for some of the places Per month. We started with just our own portfolio but we also manage for others now as well.

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  • Justin Polston
    Property Manager · Shelbyville, IN · Member since 2014 · 303 posts · 161 votes
    5y

    @Tesho Akindele how far away from an urban hub are you comfortable with?

    2Reply
  • Tesho Akindele
    OP
    Rental Property Investor · Orlando, FL · Member since 2016 · 135 posts · 145 votes
    5y

    @Justin Polston that’s a great question. I’m sure a lot of the under the radar cash low markets are pretty far from an urban hub.

    Personally I’m comfortable investigating any market. Even if it’s far from a big city

    0Reply
  • Zachary Beach
    Specialist · Los Angeles, CA · Member since 2018 · 291 posts · 231 votes
    5y

    @Tesho Akindele if your looking for cashflow short term rentals is the place to be. I’m in Big Bear and my cashflow is insane. Insane like The last few months have been 5 figure profits for some of the places Per month. We started with just our own portfolio but we also manage for others now as well.

    8Reply
  • Tesho Akindele
    OP
    Rental Property Investor · Orlando, FL · Member since 2016 · 135 posts · 145 votes
    5y

    That's very interesting @Zachary Beach. I don't know much about short-term rentals, but I have heard people make crazy returns. I'd definitely be interested to hear more about how things are going for you and the people you manage for.

    1Reply
  • Remington LymanBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
    5y
    Originally posted by @Tesho Akindele:

    What are the best under the radar cash flow markets? I always see people recommend the same places; Kansas City, Memphis, Indianapolis, Birmingham, cities in Ohio, etc. What cities are hidden gems for cash flow investors?

     Columbus, Ohio

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    2Reply
  • Tesho Akindele
    OP
    Rental Property Investor · Orlando, FL · Member since 2016 · 135 posts · 145 votes
    5y

    @Remington Lyman never heard of it! I’ll check it out

    4Reply
  • Dave PoeppelmeierBusiness Member
    Realtor · Maumee, OH · Member since 2015 · 491 posts · 722 votes
    5y

    @Tesho Akindele check out Toledo as well. Rents are increasing significantly here, which is definitely helping my personal portfolio. If you're investing from afar, you're going to want to stick with a "big city" that has multiple Property Management options for you as well. In Ohio, that's going be your 3 C's of Cleveland/Columbus/Cincinnati, Toledo, Akron, Dayton. 

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  • Timothy Lewis
    Investor · Miami, FL · Member since 2013 · 377 posts · 258 votes
    5y

    Check out Birmingham, Atlanta, Indianapolis, St Louis, Kansas City, Memphis, Little Rock, Indianapolis, Greenville, Jacksonville, Tampa, Houston, San Antonio, Little Rock, Milwaukee, Cincinnati, Dayton, Cleveland, Ohio, or other secondary or tertiary markets.

    6Reply
  • Brandon GoldsmithBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2020 · 1k+ posts · 1k+ votes
    5y

    There are a lot of good cities in Ohio for cash flow. In Columbus, you can get both appreciation and cash flow. @Tesho Akindele

    [email protected]614-963-3340
    4Reply
  • Tesho Akindele
    OP
    Rental Property Investor · Orlando, FL · Member since 2016 · 135 posts · 145 votes
    5y

    @Dave Poeppelmeier that’s a great point about property management. It wouldn’t be smart to be completely reliant on just one property management company in a small city.

    3Reply
  • Account Closed
    Rental Property Investor · Brooke Park Drive · Member since 2018 · 1k+ posts · 2k+ votes
    5y

    Why do you want to invest somewhere that no one‘s heard of? It’s probably very rural with limited or no supply of property management and skilled trades.

    2Reply
  • Tesho Akindele
    OP
    Rental Property Investor · Orlando, FL · Member since 2016 · 135 posts · 145 votes
    5y

    @Michael P. I’m not necessarily looking for somewhere that “nobody” has heard of (even though that’s what my title says). But I’m looking for something like the 20th or 30th most popular city instead of the top 5.

    1Reply
  • Tesho Akindele
    OP
    Rental Property Investor · Orlando, FL · Member since 2016 · 135 posts · 145 votes
    5y

    @Michael P. Maybe even like the 50th most popular. Somewhere with a little less competition, but still large enough to have the infrastructure to support investors

    1Reply
  • Wale LawalBusiness Member
    Real Estate Broker · Houston | Dallas | Austin, TX · Member since 2018 · 5k+ posts · 2k+ votes
    5y

    @Tesho Akindele Houston, San Antonio, Amarillo, Columbus, and Birmingham AL.

    Goodluck

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  • Account Closed
    Rental Property Investor · Torrance, CA · Member since 2016 · 724 posts · 1k+ votes
    5y

    @Tesho Akindele

    South Bend, Indiana.

    1Reply
  • Tesho Akindele
    OP
    Rental Property Investor · Orlando, FL · Member since 2016 · 135 posts · 145 votes
    5y

    Great shout @Jonathan Hulen! How has your experience been in that market? Feel free to PM me if you’d rather.

    0Reply
  • Joseph Mckenna
    Rental Property Investor · Scottsdale, AZ · Member since 2020 · 11 posts · 6 votes
    5y

    @Tesho Akindele I’ve been doing Airbnb in North Tempe and making 2x in profits every month. Airbnb is a cash cow if you know what you’re doing

    2Reply
  • Tesho Akindele
    OP
    Rental Property Investor · Orlando, FL · Member since 2016 · 135 posts · 145 votes
    5y

    @Joseph Mckenna I’ve heard a lot of great things about AirBnB. My only problem is I don’t want to manage an AirBnB. And from what I can see, getting a property manager eats up most of your profits. Do you self manage?

    0Reply
  • Japheth McGhee
    New to Real Estate · South Carolina Upstate · Member since 2020 · 5 posts · 2 votes
    5y

    @Tesho Akindele

    Homer, Alaska! Short housing shortage up here, in a heavy but steady growing tourist town. If you build a $400,000 four-plex you could cash flow $2000. That is if you get the location and rents right.

    0Reply
  • Zachary Beach
    Specialist · Los Angeles, CA · Member since 2018 · 291 posts · 231 votes
    5y

    @Tesho Akindele my management company is  designed to make you more money than you could self managing our pay outs last month where about 2% rule for our properties at current market value of the properties. Only PITI and utilities have to be paid by the owner from that.

    1Reply
  • Taneli Fin
    Real Estate Broker · Los Angeles, CA · Member since 2021 · 4 posts · 4 votes
    5y

    @Zachary Beach hey Zach, how’s the insurance costs up in the brush area?

    0Reply
  • Zachary Beach
    Specialist · Los Angeles, CA · Member since 2018 · 291 posts · 231 votes
    5y

    @Taneli Fin it’s about twice as much as down the hill for the same value properties but it’s a much smaller percentage of the revenue as the properties we manage do 3-8 times what they would rent for as LTR’s per month depending on what time of year it is.

    0Reply
  • Holly Barrett
    Real Estate Agent · Dawsonville, GA · Member since 2017 · 206 posts · 144 votes
    5y

    Hot Springs, AR; Rossville, GA; Rome, GA; Cleveland, GA

    0Reply
  • Kurt Kaiser
    Rental Property Investor · Sidney, NE · Member since 2020 · 6 posts · 2 votes
    5y

    @Tesho Akindele small midwestern markets. Cheap real estate that cash flow really well.

    0Reply
  • Mike Mocek
    Property Manager / Licensed Realtor · Toledo/Columbus, OH · Member since 2019 · 244 posts · 262 votes
    5y

    Hey @Tesho Akindele Great question and so many great answers here.  I guess it depends on what makes your numbers work.  I have seen that one investor and another may see the same deal and its gold to one but nothing special to another.  I will send you a PM to help you if you still need help :) 

    0Reply
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