Looking for 100k properties
56 Replies
Robert Perez
from Ventura, CA
posted about 1 year ago
Looking for 100k properties, that are not crime infested or run down. Any, state and city suggestions? This is strictly for rental income. Thanks.
Anthony Gayden
Rental Property Investor from Omaha, NE
replied about 1 year ago
There are a lot here in Omaha.
Robert Perez
from Ventura, CA
replied about 1 year ago
@Anthony Gayden thanks Anthony. I will look at the area. Any specific areas that I should avoid? I don’t mind investing in hard working blue collar neighborhoods, just trying to avoid gang infested areas.
Will Clark
Investor from Nashville, TN
replied about 1 year ago
@Robert Perez Alabama has a pretty strong rental market with cheap houses. I’ve recently expanded my wholesaling business there in addition to Nashville (which does not have 100k houses). Tuscaloosa and Birmingham cash flow well, and Huntsville is appreciating with new jobs and the expansion of the NASA hub there.
Robert Perez
from Ventura, CA
replied about 1 year ago
@Will Clark thank you young man. Will look into it.
Jeff Morgan
from San Diego, California
replied about 1 year ago
I agree with @Will Clark , Birmingham has a ton of housing in that price range. I've had good luck there with buy and hold at this price point, there are many very nice neighborhoods where you don't need to spend much over $100k.
Chad Stark
Rental Property Investor
replied about 1 year ago
I have had much success in Kansas City Missouri.
Jason Dicken
from Indiana
replied about 1 year ago
Evansville Indiana here
Caleb Brown
replied about 1 year ago
Kansas City, Oklahoma, Nebraska, Tennessee are some I've heard of that would fit that. I'm local in Kansas City. There is C-B properties for 80K-120K. Low vacancies here too.
Jon Schwartz
Realtor from Los Angeles, CA
replied about 1 year ago
Originally posted by @Will Clark :@Robert Perez Alabama has a pretty strong rental market with cheap houses. I’ve recently expanded my wholesaling business there in addition to Nashville (which does not have 100k houses). Tuscaloosa and Birmingham cash flow well, and Huntsville is appreciating with new jobs and the expansion of the NASA hub there.
Will, do you wholesale any commercial multifamily, specifically 8-20 units?
Art Perkitny
Specialist from Cleveland, OH
replied about 1 year ago
This resource I put together may help: Link to Home Values by City Spreadsheet
You will want to investigate the cities showing median home values at 100k or less.
Essentially this will yield the cities that have the largest inventory of homes around this price point.
The properties at 100k will also likely be located in C (on an A to F scale) neighborhoods since D/F properties will be in the mid to low five figures in these areas with median values at 100k.
Mike D'Arrigo
Turn key provider from San Jose, California
replied about 1 year ago
@Robert Perez Kansas City is a great market for properties in this price range. We focus on B class neighborhoods in the $100K-$120K range in the suburbs of Independence, Raytown, S. Kansas City and Grandview.
Asa Ifill
Investor from Huntsville, AL
replied about 1 year ago
Originally posted by @Will Clark :@Robert Perez Alabama has a pretty strong rental market with cheap houses. I’ve recently expanded my wholesaling business there in addition to Nashville (which does not have 100k houses). Tuscaloosa and Birmingham cash flow well, and Huntsville is appreciating with new jobs and the expansion of the NASA hub there.
You are correct! Huntsville is about to BOOM within the next 5-10 years.
Will, do you have any properties in Huntsville or near it that you are looking to wholesale?
Neetu Nagi
Real Estate Agent
replied about 1 year ago
@Caleb Brown do you mind sharing the zip code?
Neetu Nagi
Real Estate Agent
replied about 1 year ago
@Will Clark buying in Huntsville what are the important things you suggest we should look into or keep in mind
John L.
from Houston Texas
replied about 1 year ago
I thought you were looking to buy 100,000 (Quantity) properties. I was like “damn that’s a goal”
I have 2 and am close to putting 10 Tiwnhomes under contract. Maybe one day I’ll have “100k” properties :-)
Will Clark
Investor from Nashville, TN
replied about 1 year ago
Originally posted by @Asa Ifill :Originally posted by @Will Clark:@Robert Perez Alabama has a pretty strong rental market with cheap houses. I’ve recently expanded my wholesaling business there in addition to Nashville (which does not have 100k houses). Tuscaloosa and Birmingham cash flow well, and Huntsville is appreciating with new jobs and the expansion of the NASA hub there.
You are correct! Huntsville is about to BOOM within the next 5-10 years.
Will, do you have any properties in Huntsville or near it that you are looking to wholesale?
I am hitting Tuscaloosa hard right now, the rental market there is really inticing. Most everything hits even the 2% rule, and vacancies are very low with multiple colleges in the city.
Will Clark
Investor from Nashville, TN
replied about 1 year ago
Originally posted by @Neetu Nagi :@Will Clark buying in Huntsville what are the important things you suggest we should look into or keep in mind
I am just breaking into the market myself, but right now I am playing it safe and focusing mainly on houses near the NASA center and other large job suppliers because those always sell and rent well. I wouldn't be opposed to investing in some of the "rougher" neighborhoods though, because in 10 years those will likely be the hottest spots.
Marci Stein
Rental Property Investor from New York, NY
replied about 1 year ago
Not so much the purchase price but also look into the rents.
many homes that sell for 75 k get
600-700 rent . That’s ok but not great .
you can buy better quality homes and
get same rate of return . Look for
higher rents , like 2 % of PP.
Morshed A.
from Calgary Alberta, Canada
replied about 1 year ago
Hi @Marci Stein , which market do you suggest would produce such return?
Michael Fuhr
replied about 1 year ago
There are many in east Tennessee. I am looking at a couple right now.