Updated about 2 years ago on . Most recent reply
$250K to $300k-where would you buy?
Hi All,
New here to the community but I do own 3 properties in California. I'm looking to purchase an investment property for $250-300k cash. For buy and hold/cash flow. Where would you buy and why?
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Jay Hinrichs
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Jay Hinrichs
#1 All Forums Contributor
Professional Services
#1 All Forums Contributor
- Real Estate Consultant
- Summerlin, NV
From LA I would look at Vegas .. easy ( fairly) drive.. newer housing stock. Desert landcape no major frost freeze issues
constant over flow from high tax states CA OR . And super LOW property tax's..
300k cash for ease of investing will get you a very nice A to B location in a great area and a solid 6 to 7% COC every thing considered.
Now of course most on BP will say your crazy to pay cash.. or you should leverage and of course thats a personal decision but if you just going to buy one property .. I like that play for safety etc.. plus you have no need for a core 4.. And the quality of tenant you can self manage.
constant over flow from high tax states CA OR . And super LOW property tax's..
300k cash for ease of investing will get you a very nice A to B location in a great area and a solid 6 to 7% COC every thing considered.
Now of course most on BP will say your crazy to pay cash.. or you should leverage and of course thats a personal decision but if you just going to buy one property .. I like that play for safety etc.. plus you have no need for a core 4.. And the quality of tenant you can self manage.
- Jay Hinrichs
- Podcast Guest on Show #222
JLH Capital Partners