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Updated over 4 years ago on . Most recent reply

User Stats

5
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5
Votes
Leyla Ahmadi
  • Realtor
  • San Jose, CA
5
Votes |
5
Posts

Where do I buy my first cash-flow positive rental property?

Leyla Ahmadi
  • Realtor
  • San Jose, CA
Posted

My husband and I live in CA and have purchased 2 homes for ourselves so far. We want to start investing out of state in the $50-100k range. Single family or duplex. With decent schools and stable employment. Not interested in apartments. Looking to hold for a while so cash flow positive would be helpful. So far, we’ve looked at Memphis, TN. Any suggestions? Thank you!!

Most Popular Reply

User Stats

97
Posts
109
Votes
Chris Stroup
  • Realtor
  • Fayetteville, NC
109
Votes |
97
Posts
Chris Stroup
  • Realtor
  • Fayetteville, NC
Replied

Fayetteville, NC is a very good market for cashflowing rentals.  There is a large military base and a couple of large hospitals here so employment is stable.  You can purchase a rental with 60-80k that will cashflow.  The market is crazy right now but there are still deals to be found.  Happy to talk to you if you want to learn more.  

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