Updated over 9 years ago on . Most recent reply
Humble Dad hunting cashflow for son's education
Today we decided the best thing for my son would be private schooling. It will cost about $800/month. My goal is to meet this with positive cashflow through income property investment!
When upgrading to our bigger 2nd primary residence I kept our 1st house as a rental. So I have a few years of property mgmt experience under my belt. Looking to learn more about doing out of state deals where the price to rent ratio is better than Southern California!
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Patrick, I currently live in the Nashville area but spent a few years in Memphis, where I acquired my first three properties and am searching for more. I get an average return of $300/mo using a property manager at an average home cost of $60k with $5-$7k in rehab. The Memphis market is super strong for cash flow but you can not count on appreciation like in Nashville. If you are looking for low entry points and good cash flow, consider Memphis. PM me if you have any questions.