Searching for investment market - single fam buy&hold under $100K

[Alexis DalPont]

I am looking for a new market to invest in a single family home. My budget is $100,000. 

Ideal Criteria:

-3 bed/2 bath

- Move-in Ready/Light Value Add

-B Class property or better

-History of appreciation

-Cash flow enough to cover the costs

I would love to hear from other investors who have experience with investing in markets that fit some, if not all, of this criteria.

[Bob Okenwa]

@Alexis DalPont

Ideal criteria and current market criteria are not necessarily aligned. With the sub 100k homes, you're not likely to find appreciation, but it's possible to get the other things on your list. If the home is around 100k today, that means it was probably worth that somewhere near that same amount about 15-20 years ago before the crash. If that is the case, it's strictly a cash-flow market. You'll be looking at midwestern and southern markets to find what you're looking for.

You're likely to find that 100k will get you a 3/1 or maybe a 3/2, between 800-1300 sf, and more often than not you'll end up in a C-class neighborhood, with some occasional B-class properties popping up.