brrrr, Renting it out
How are people doing rental properties, if the prices are to high, i mean the price of a house has to be below 200k after rehab in order to rent it out, cause anything higher no one will pay 2k for rent,
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@Chris Kendrick, In MANY markets nice single family homes are not a primary source for cash-flowing rentals.
In a lot of areas 2-4 unit multi family houses in B/C class condition are the bread and butter for cash-flowing rentals.
Also, keep in mind what you see advertised isn't "the deal". A deal is what you make of it. It's what you negotiate the purchase to be, how you improve the property, how you manage financing, how you manage the tenants, etc. It isn't what someone advertises in the listing.