Best Markets for immediate cash flow

[Thomas Cheek]

I'm getting started in the investment world and wanted suggestions on what the best markets were to buy and get quick cash flow.  I'm looking for secondary markets where the properties aren't as expensive.  Thanks for your help!  

[Darrin Carey]

@Thomas Cheek A lot of people from California, other states and countries invest in Dayton Ohio for the current cashflow. To successfully invest out of state, there are a few things you need to do. 

• You MUST have a good property manager.
• You need to visit the area BEFORE buying your first property. An airline ticket and hotel area cheap compared to a bad deal.
• You need to identify the types of neighborhoods you are willing to invest in. Better neighborhoods, lower return (but still good), lower drama. Lessor neighborhoods, potentially higher returns, higher drama.
• You need to have some local people you can call when you need a hand, a property, or a referral.
• You MUST have a good property manager. (That's on the list twice for a reason.)

I used to be an out of state investor. Those were the key elements I learned the hard way.

You still need to do all the normal Real Estate Investing items as if you were investing locally.

Best of luck. Feel free to call if you want to chat about the topic.