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Updated about 8 years ago on . Most recent reply

User Stats

32
Posts
6
Votes
Yaniv Sigler
  • Rental Property Investor
  • Van Nuys, CA
6
Votes |
32
Posts

Have 40k$ and I want to buy 2 cash flow properties

Yaniv Sigler
  • Rental Property Investor
  • Van Nuys, CA
Posted

hi

I Have 40k$ and I want to buy 2 cash flow properties.

I live in Southern California so it's unrealistic here,  I am looking to invest in a different state.

 Where is a good place to start looking? I would love to get any suggestions about which cities, states or areas markets I should look at to find $100,000 decent cash flow properties.

I don't mind buying out of states and using a management company, I don't have too many options either with the high market prices in CA.

Thank you

Most Popular Reply

User Stats

95
Posts
43
Votes
Jabbar Thomas
  • Investor
  • Tampa, FL
43
Votes |
95
Posts
Jabbar Thomas
  • Investor
  • Tampa, FL
Replied

@Yaniv Sigler  you could try looking in the FL market (Orange, Osceola, Seminole, Pinellas, Hillsborough counties). Low purchase price points, and a strong rental market. I have seen great double digit returns in the area. I would first connect with someone to be your boots on the ground. Then figure out which area has a strong rental market. Followed by, how far can you stretch the money that you have when buying these properties. Then, I would suggest finding a good property management company.

Hope that is helpful.

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