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Updated over 7 years ago,

User Stats

59
Posts
21
Votes
Tony Xu
  • Investor
  • New York
21
Votes |
59
Posts

Advice about best cashflow market for my situation

Tony Xu
  • Investor
  • New York
Posted

Hey everyone!

So I am still fairly new to REI but have been doing a lot of research on the blog and forums. I am mostly interested in maximizing cash flow, even though some appreciation would be nice as well. I am mostly focused on small single family homes, and maybe small multi units. My ideal investment for each property would be in the ~20-25k range, so putting it around ~100k a property. I would ideally be looking for A, maybe B grade properties if A grade is not possible.

I started narrowing my research with https://www.biggerpockets.com/renewsblog/2016-inve... and started with the top 10 markets for cash flow. Then I did further research, especially focusing on growth in the tech sector, since I work in that sector and do believe that it is the future, and will provide stability in the region. 

With that, I narrowed my focus to 4 cities, Kansas City, Jacksonville, Tampa, and Detroit. 

I am just wondering if there are people that are in those markets now, and have any advice about which one might be best for my situation. I think initially I would probably start using a more turn key service, but then move in to having my own team as I get more experience. I will be remote since I live in California.

Thank you for reading and your advice!

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