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Updated about 7 years ago on . Most recent reply

User Stats

360
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242
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Daniel F. Harb
  • ARRT, RT(R) / Rental Property Investor
  • Newport Beach, CA
242
Votes |
360
Posts

Is This Possible!?!? 30K~35K Properties W/$250$350.00+ Cash Flow?

Daniel F. Harb
  • ARRT, RT(R) / Rental Property Investor
  • Newport Beach, CA
Posted

Question :

I am still fairly new to BiggerPockets (2+ months) and I am gearing up to start investing OOS. I am searching in 4 different States and trying hard to do heavy due diligence. I am seeing here and there properties that are said to be selling from the $29K range up to the $40K amount that are stating that after ALL expenses there will be a $250.00, $300.00, or $350.00 positive cash flow. This sounds pretty incredible, of course.

IS THIS POSSIBLE?

Still being new, I am just humbly asking from all members and experts if this seems "Pie in the Sky" numbers for me, or if I am missing something? I would love to purchase properties like this all day long, but being new, and especially living in Orange County, California, I simply want to understand if these things are true, and if this is possible after all expenses, INCLUDING property management.

Thank you in advance, BiggerPocketeers, and Merry Christmas!!

Daniel F. Harb, ARRT, RT(R)

Most Popular Reply

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4,908
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13,015
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Mike Dymski
#5 Investor Mindset Contributor
  • Investor
  • Greenville, SC
13,015
Votes |
4,908
Posts
Mike Dymski
#5 Investor Mindset Contributor
  • Investor
  • Greenville, SC
Replied

@Caleb Heimsoth @Katrina P. @Derrick E. my way or the highway strategy opinions are rampant on BP and their posts get voted up by the same few members who have the identical single-minded opinions.  Thanks for setting the record straight.  There are lots of ways to make profit in real estate.

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