Updated 10 months ago on . Most recent reply
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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#5 All Forums Contributor
- Flipper/Rehabber
- Pittsburgh
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#5 All Forums 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.