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69
Posts
9
Votes
Stanley Dean
  • Rental Property Investor
  • Burtonsville, MD
9
Votes |
69
Posts

Finiding lower priced homes within the boundary corridor

Stanley Dean
  • Rental Property Investor
  • Burtonsville, MD
Posted Dec 28 2016, 10:23

Hi All- Great BP members u all rock in providing meaningful insight to newbies wanna grow in REI

My Topic for discussion is Finding lower priced homes within the boundary corridor of my living location in Burtonsville, MD within 45-1 hr away and priced in 40-50$ range for duplex n triplex mainly for Cash flow investments and having long term rental potential.

I like to know what are the resource and characteristics to find properties within 45-1 hr min from my location in Burtonsville MD so I can get low priced homes with much rental potential and get in a low range of 30-40k so I leverage for more homes to grow. As the homes here where I live are quite expensive in my neighbourhood. That makes amassing properties at a slow pace as needing 20-25% down and then u run out of traditional financing methods after 6 and then need to seek Portfolio lending and such or seek out if any offmarkets and use hard money for cash buy and then refi. With the rate rise on the horizon buying with down payment can eat into cashflow and might not bring good CAP rate.

Please advise,  Thank you.