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Updated about 4 years ago on . Most recent reply

User Stats

18
Posts
5
Votes
Michael Cabaña
  • Rental Property Investor
  • San Jose, CA
5
Votes |
18
Posts

$40k. Would like to invest in rentals

Michael Cabaña
  • Rental Property Investor
  • San Jose, CA
Posted

I would like to invest $40k in rentals. Do you have any recommendations on markets to look into?

Appreciate the feedback!

Most Popular Reply

User Stats

55
Posts
23
Votes
Ricardo Navarro
  • Investor
  • Cleveland, OH
23
Votes |
55
Posts
Ricardo Navarro
  • Investor
  • Cleveland, OH
Replied

Hey @MichaelCabaña


I just bought a duplex here in Cleveland and have had great returns right off the bat. I only put in 27k (acquisition and rehab) and am seeing a 37% CoC return. It's possible. Check out @James Wise article on Cleveland neighborhoods for a good guide on where to look, then go from there. 40k is plenty to get it done. 

  • Ricardo Navarro
  • Loading replies...