need some advice for arras for real estate investing (beginner)

[Paras Newbe]

Hello - I live in Issaquah, WA state. I want to invest for cash flow in current market. I tried Austin, Kyle, Buda but most of them turned out to be negative cash flow If I do 25% down and also account for property management fees. I am looking for buy, and rent strategy (don't want to do rehab and all for my first try)

My goal is to have 3 investment by the end of June 2023 and I want each to clash flow (unsure about cash on cash return target for now). I plan to invest ~90K for each.

1. Anyone has suggestion where can I invest around locally (so I can do self management) for cash flow?  Is Tacoma a good area? Any suggestion? 

2. For out of WA state, where can I go? 

3. Any suggestion around single family vs Multiplex (duplex / triplex)

4. Will be great if someone can suggest property management company along with potential area of where to invest.

Will be great if someone can mentor me here.

Thank you. 

[Michael Haas]

@Paras Newbe if you live in Issaquah I would 100% be investing in Seattle & Kirkland, both of which allow construction and condoization of DADU's. That is, by far, the biggest opportunity in our region right now for cashflow, equity growth, and ease of management / construction (DADU's are new construction = fewer surprises!). Happy to talk with you more about this strategy if you'd like to shoot me a message. 

Your criteria are similar to mine, and I can say they are achievable in our region. We target cashflow including all expenses & property management, and/or 20%+ equity creation so that every project boosts net worth by $100,000 - $200,000 and has the option to BRRRR & re-use your capital if you're looking to acquire multiple properties. That's one of the things I love about investing in our region - with certain strategies you can get appreciation / value add without having to sacrifice your cashflow.