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Updated almost 6 years ago on . Most recent reply

User Stats

134
Posts
117
Votes
David W.
  • Investor
  • Los Angeles
117
Votes |
134
Posts

Best Cities to invest in under $100k

David W.
  • Investor
  • Los Angeles
Posted

Nooby question here! Does anyone know where I can find a list of or advise me on the best cities to look for investment opportunities (rental) under $100k? Ideally, I would like to start with $50k property but $50k-$100k is my threshold. I live in Los Angeles and you won't get anything in a safe area for $700k+. 

Most Popular Reply

User Stats

65
Posts
82
Votes
Janett Lewis
  • Investor
  • St. Louis, MO
82
Votes |
65
Posts
Janett Lewis
  • Investor
  • St. Louis, MO
Replied
@David Waddleton I moved from San Diego to St. Louis specifically for this reason. I have 7 houses here and purchased them all over the past year. I paid 22,000-34,000 and they are all rented from $895-1200. Cashflowing 50% at least after taxes and insurance and maintainence are paid. For $50,000 you can get a turnkey property that’s Cashflow positive! Just have boots on the ground or someone you trust in the area. You could develop a relationship with someone on BIgger Pockets!

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