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Updated about 4 years ago on . Most recent reply

Michael Cabaña's profile image
Michael Cabaña's profile image
Michael Cabaña
  • Rental Property Investor
  • from San Jose, CA
  • Member since May 25, 2020
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Votes
Michael Cabaña's profile image
Michael Cabaña's profile image
Michael Cabaña
  • Rental Property Investor
  • from San Jose, CA
  • Member since May 25, 2020
Connect
Michael Cabaña
  • Rental Property Investor
  • San Jose, CA
5
Votes |
18
Posts
Starting Out

$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!

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Ricardo Navarro's profile image
Ricardo Navarro's profile image
Ricardo Navarro
  • Investor
  • from Cleveland, OH
  • Member since Aug 14, 2017
  • Posts 55
  • Votes 23
  • Experience 8 Yrs
  • Investments 5
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55
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Ricardo Navarro's profile image
Ricardo Navarro's profile image
Ricardo Navarro
  • Investor
  • from Cleveland, OH
  • Member since Aug 14, 2017
  • Posts 55
  • Votes 23
  • Experience 8 Yrs
  • Investments 5
Connect
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
    • 7 Votes
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