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Updated about 2 years ago,
need some advice for arras for real estate investing (beginner)
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.