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Updated over 4 years ago on . Most recent reply
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Where do I buy my first cash-flow positive rental property?
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
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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.