Updated almost 4 years ago on . Most recent reply
Cashflowing Area - US
Hello,
I currently hold 5 units and looking to expand from Cleveland. The higher tax and interests are making it impossible to find deals over 7% cap rate or BRRRR. Does anyone have any recommendations? I would love a referral to a good real estate agent (I'm licensed in WA State myself), but more importantly, a GREAT PM. I found that they make all the difference. I noticed good PMs don't serve D areas because they know everyone will shift the blame to them and take a conservative appraoch. I personally like investing in B- to B+ area, but those are difficult to evaluate from REA or zip codes. I found some on biggerpockets where some people created maps and post zips codes, but PMs are the ones that has to deal with the property long-term.
Anyways, would love suggestions on the market everyone else is investing in and maybe different ways find deals. Thank you!
Most Popular Reply
Look into Hattiesburg Mississippi. Plenty of deals here. Crime is almost non existent. Three local Colleges and two large hospitals that serve a very large geographical area. Plus Mississippi has the nations lowest average home prices. Taxes are very affordable as well. There are a few rough areas and a couple flood zones I would avoid, but its honestly trivial compared to a large city. You can find 100k 3/1 or 3/2s single family that rent for 1200 a month to college students in 39401 or look into the 39402 oak grove/ sumrall school districts for 500+ a bedroom at 150k+.
Check out delta if you want to look up taxes: https://www.deltacomputersyste...