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Updated almost 5 years ago on . Most recent reply
Which markets offer <$200k price point with rents at least $600?
Looking to get started and I want to start small in smaller B or C towns within neighboring states on West Coast. Not interested to invest in my home state of California. A maximum $200k price point provides an easy/attainable downpayment to just get in the game.
I am specifically interested in Phoenix submarkets, Boise, Idaho Falls, SLC. Any other recommendations welcome.
Can you still buy $100-200k investments in these markets and get $500-600/door a month at a minimum? If not these Cities, where do you recommend? I am looking for lower end. Not complete slumlord/meth houses, just something on the lower price point.
Most Popular Reply
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The Idaho Falls/SE Idaho area might be a great place for you at the <$200k price point you can usually find a pretty nice 3-4 bed 1-2 bath style home with about 1800-2000 sqft. At that you can rent from $900-1200 fairly easily depending on location/home condition.