Looking to buy properties under 50k for rental income in the US.

[Flora Talmazan]

Hi, I'm a new member to Bigger Pockets. I live in NYC but am looking to buy homes around 50k for rental income. What parts of the country are great to invest in outside of NYC? How do I find out if the properties would bring in rental income? If it's a desirable area, if I don't live there? Please point me in the right direction! Thanks,

[Abel Curiel]

Hello Flora and welcome to BP!

A lot of the homes that I have seen advertised here on BP in that price range are located in the Midwest- Iowa, Indiana, Michigan, Ohio, Missouri, and some other states. I would familiarize myself with the forums and blogs as well as the marketplace where members post specific details about deals.

One word of advice would be to thoroughly research the areas you intend on investing in prior to making any moves. Low priced homes with high cash flow can be risky investments for a number of reasons that include; the neighborhood itself, depreciating local market, distressed local economy, bad school district, and any number of reasons.

I hope this helps and I wish you the best of luck on your quest for a target area!

-Abel