Buying for Cash Flow - Looking for Oppinions on Markets

[Jameson Sullivan]

For the longest time I always said I wouldn't invest out of state because I like to be able to touch what I buy, but the more I think about it, the more I change my mind. 4,5and 6 percent returns here in my state really don't allow me to finance the properties I want to be in without putting down 35-40% so my focus is changing to new markets that might have flat appreciation but see good returns annually. I'd like to see 8%CAP or higher... Which markets are you all in that are allowing for good cash flow.

I would be looking at anything from 5 to 25 units with a purchase price of up to $1MM.

[Bjorn Ahlblad]

Ya, it is not pretty around here anymore. Keep us posted on how you are making out please!