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Updated almost 6 years ago on . Most recent reply

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Tony Mi
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Question on Rental Feasibility

Tony Mi
Posted

I recently watched a bigger pockets podcast that hosted a guy who bought 3bed/2bath, yr 2000 built properties for 80k cash and rented them for 1,000$+ that weren't in awful neighborhoods. I'm assuming this is fairly rare to find nowadays? I can't find anything close to that near dallas tx. Does anyone know of any locations in texas like that or perhaps in another state that fits those descriptions?

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Joe Villeneuve
#5 All Forums Contributor
  • Plymouth, MI
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Joe Villeneuve
#5 All Forums Contributor
  • Plymouth, MI
Replied

All markets are different, as you're finding out.  Some are better than the example you gave, and some are worse.  Before you invest in any market, you need to analyze that market's ability to cash flow.  My suggestion would be to learn how to do it

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