newbie, cash investment, which market for cash-flow?

[Vivian C]

Hi everyone,

I want to invest out of state for long-term cash flow. However, I'd like to centralize my investment and I'm probably going to buy with cash. Thus, which markets am I likely to find good deals under my current status? I don't care so much for high appreciation, my minimal standard is that it doesn't depreciate.(i.e school ratings, populations, crime rates)

Also, do you think it's better to buy a whole bunch of SFH; or to go straight for multi-units? I personally can't be there to fix and manage; so which is more feasible for long-term holding?

[Ali Boone]

Riverside! You aren't too far from me. I only buy out-of-state myself and won't buy anything needing any work either. As far as what markets, my personal recommendations for cash buys and long-term cash flow would be Atlanta, Dallas, Houston, or Chicago. There are a lot of other markets that are good, but the highest quality stuff I've seen are in those. High quality is what will lead to the long-term cash flow. Lower quality will just cause more problems and headaches and can easily mess up the cash flow.