young Investor trying to maximize ROI on 90K

[Arthur Garcia]

Hello ALL!

I am new and I was hoping to get some ideas/advice. Long story short, I will have roughly 90K to invest in real estate in about 1 month. I already own 5 rentals and have a steady cash flow of 1800 per month. I am looking to maximize the ROI on the cash I will have on hand. I should also add that I am 29 years old and have a regular full time job.

I know there are a lot strategies out there so please answer my question with the advice you wish someone would have given you.

Lastly, I live in SO Cal and I ideally would like to continue buying within 2 hours of my "farm" area, but I am open to suggestions.

[Faisal Sami]

Arthur
I have been investing in Cleveland cashflow properties. I live in Chicagoland and have professional property management take care of my properties. The reason I invest in Cleveland is because I can buy rentals cheap in very good neighborhoods. My properties are not too far away from the Cleveland Clinic hospitals and facilities. Rental demand is strong there. I recently bought a duplex for $34k that brings in $950/month in rental income. Even taking expenses and vacancies into account I have positive cashflow of over $400/month on $34k invested. Look up $34k duplex on this forum, there is a long discussion on it. Since then, I am "flipping" two properties right now. All with a good team that I trust to do the work. This is very hard to find in real estate. The old thinking is " buy where you live." My feeling is this was written by older guys who liked to personally manage tenants and toilets. I go out to Cleveland every few months, meet with my property managers,inspect my properties,and look at new property. A lot of things I take care of over the phone and email. To be honest there has not been much for me to do. I would suggest finding a good "turnkey" partner to work with. There are good ones and bad ones out there like anything else in life so it comes down to doing due diligence and developing relationships. But for me personally, not dealing with tenants and toilets has been a blessing and I pay my property manager 10% of the monthly rent to take on this responsibility. Good luck