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Updated over 4 years ago,

User Stats

76
Posts
31
Votes
Paul Wolfson
  • Los Angeles, CA
31
Votes |
76
Posts

Cash flowing in out of state investing

Paul Wolfson
  • Los Angeles, CA
Posted

Hello BP friends. I live in an expensive market and recently started exploring options investing out of state.

After running the numbers in several markets, I'm finding it difficult to find cash flowing properties almost anywhere? 

Can you please let me know if I'm doing something wrong?

For example, let's look at Kansas City, MO.

https://www.redfin.com/MO/Gladstone/3441-NE-72nd-Ter-64119/home/78227438

Here's a SFH for 150k.

  • Principal & Interest: $604
  • Taxes: $114
  • Insurance: $63
  • Vacancy (8%): $100
  • Maintenance/CapEx (10%): $125
  • Management (10%): $125

Total Expenses: $1,131

Rent: $1250/mo (according to Rentometer)

Cash Flow: $119/mo

Other parts of KC, I am getting negative cash flow. Am I doing something wrong?

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