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Updated almost 4 years ago on . Most recent reply

User Stats

3
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1
Votes
Ben Jespersen
1
Votes |
3
Posts

Where’s great cashflow with low cost of entry

Ben Jespersen
Posted

I plan to buy my first full on rental (we’re currently working to make our home a house hack) in 3 months. I want to take that time to find a great place to invest for cash flow and set up a team so I can do almost everything remotely. 
I’ve read a few things about cheap prices in the Midwest and have been looking into it. Any advice on where I could focus to get the best cash flow for my investment? 
I have about $20k to put into the investment and should have more by the time I’m ready to buy. 

Most Popular Reply

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254
Posts
228
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Noah Chappell
  • Investor
  • Minneapolis, MN
228
Votes |
254
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Noah Chappell
  • Investor
  • Minneapolis, MN
Replied

@Ben Jespersen maybe look into some decently well performing rust belt cities, such as Milwaukee, those found in Ohio, Indianapolis, etc. Do connect with local investors, or better take a trip and walk the city yourself, before pulling the trigger, as a deal may look good on paper, but be horrible in reality, a somewhat likely scenario if the deal is hanging out for any amount of time on the MLS in this hot market.

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