Is there's any properties move in for 65K out there

[Terry Miller]

I am looking to purchase my first investment property in the range of 65K move in ready to put a tenant in it. Is it possible?

Terry

[Dan Maciejewski]

Depends on your market and the tenants (customers) you are trying to attract.  

That's not possible for me in my market but yours is probably different.  If I was willing to own farther away, I could do it.

[Prestin Sokoloski]

@Terry Miller I'd say you may have to look into some smaller towns. In my area I can go about 60 miles to a town with 18k population and prices for move in ready SFR's are 1/3rd of prices here. The sacrifice you may have to make for a property like this is the tenant behavior.

It most definitely is possible you will just have to find the right area and screen your tenants well!

[Damaso Bautista]

@Terry Miller

Is that the only criteria you have? I am sure you can find a $65K home that is move in ready somewhere in the US. 

The question is are you willing to buy that house if the market rent for that house is only $400 a month.  

or is your question, is there a $65K home that is move in ready in a market where I will make money in either cash flow or appreciation.

[Terry Miller]

@Prestin Sokoloski ok thank you for the advice.

[Terry Miller]

@Damaso Bautista Well if I make $400 a month after all bills are paid sure.

[Damaso Bautista]

@Terry Miller

Do me a favor watch Brandon Turner's youtube video. Then once you learn how to analyze rental properties you will be able to better determine if a $65K house is worth buying.

[Sisee Adams]

Here is a listing that is close to $65K in west Washington state. It is near Brandon Turner's former home

https://www.redfin.com/WA/Hoqu...