All Forum Posts by: Vik G.

Thanks all for the replies. Seems like Columbus, Cleveland, Indianapolis and Kansas City are the ones to focus on based on the responses here. 

Sorry that's not true statement @Chris Seveney. I live in SF bay area, and it is impossible completely to find a 5% CoC :D in a A/B neighborhoods. I will be lucky to even find positive cash flow in the first place in a D- neighborhood.

Hello all - I have invested in Memphis, TN and Jacksonville, FL markets. But, looking to diversify into other markets in the country. Please help suggest markets (as well as will appreciate any investor friendly realtor + property management names - I realize there is the 'find an agent' feature on BP, but that doesn't seem to be comprehensive). What I am looking for: 

1. Cash on Cash and appreciation expectations: I am primarily going to optimize for Cash on Cash (CoC) metric that ensures I have a positive cash flowing rental property i.e. after all expenses including the mortgage debt service (with say 20-25% downpayment with say 6-7% interest rates). I will be looking for a 5%+ CoC and decent history of atleast 3-5% appreciation. Not looking for the next Austin, but just decent market which will weather the recession if there is any. Don't want to invest in tier 3 (unknown/unheard/middle of nowhere) cities. 

 2. Open to SFH/Duplex/Triplex/Quadplex: I have invested in SFHs until now in other markets, but very much open to investing into a 2/3/4 plex as well. Cost range can be $150K-$300K for SFHs. Realize that 2/3/4 plex will be higher in price. 

3. Neighborhood: I am open to A+/A-/B+/B- neighborhoods. Will want to avoid C category neighborhoods. 

5. Rehabs: I like to minimize rehabs and prefer to have homes that are move-in ready. Don't mind short/small rehabs

Hi All, 

I am just getting started in my real estate investing strategy (may be not the best time given the high inflation, looming recession etc.). But, still wanted to get started in a high cash flow market. 

Which markets should I look at for high cash flow with the 6%+ interest rates? I know I can get an ARM for 4-5%, but would rather lock my rate for 30 years with a fixed mortgage of 6%+. Some appreciation of 3-4% annually stable market will be good.

I have heard of Memphis, Cleveland, San Antonio as some pointers from my friends in real estate, but wanted to get everyone else's perspective here. Thanks!