Out of state Rentals for Positive Cash Flow

[Ashish Brar]

Hi Guys,

I have about 100k cash available to invest out of california. Looking for some cash flow rentals in Houston Texas, Cleveland Ohio, Cincinnati or Detroit. I am thinking of using that for a 20% down to generate some positive cash flow. 

Any tips or Suggestions ?

Ashish

[Michael Swan]

I have  been investing in the Euclid, Lake County, and Akron area most recently.  The key is your boots on the ground.  I have 8 apartment complexes and 4 single family, for a total of 122 front doors and rising.  I have a RE Attorney, RE CPA, PM, preferred Residential RE agent, preferred Commercial Agent and a local Cleveland commercial lender too.  My PM only likes Euclid and Lake County.  So, I only invest presently in Euclid and Lake County.  My one 24 unit in Akron has a different PM.  The rest of my team is the same for that Akron 24 unit.   

Right now we have $160,000 and rising cash flow, not to mention we are exponentially increasing the value of these apartment complexes the Multifamily Millions way by David Lindahl.  I am following pages 47 to 130 in that hard cover book.

Swanny