Best cash flow regions in USA??
Hello community! I’m starting my real estate journey in the US (I’m originally from Mexico) and wanted to ask you for recommendations of regions/cities for me to look to purchase my first investment property. I’m looking ti buy either a single family home or a small multi family with a budget that can’t exceed 150k. I have read positive comments and experiences from other investors from deals in the Great Lakes region (OH, PA, IL, MI, etc) any thoughts?
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#1 Starting Out Contributor
- Flipper/Rehabber
- Pittsburgh
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#1 Starting Out Contributor
- Flipper/Rehabber
- Pittsburgh
hello. i can simplify for you - nowhere. there is nowhere that will yield significant cash flow right now - unless you:
1. buy in a very tough area and are hands-on enough to grind out cash flow by doing things yourself. self manage, self repair, self drive your tenants to the courthouse to get evicted. @Jonathan Greene alluded to this as well.
2. use a higher risk, higher reward strategy like STR, MTR. i'm not recommending these, i'm just saying that they can yield higher cash flow than LTR.
and/or
3. buy something in all cash.
this is just where the market is right now.