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Updated about 1 year ago on . Most recent reply
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Are there cash flow opportunities left?
I am looking to purchase a multifamily property and at this point anything I find in my local market has negative cash flow so I am looking for suggestions across the country where I can deploy my savings and get a return. Any advice would be appreciated. Thanks!
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Take a look at Reno, NV Lake Tahoe area. There are still relatively affordable single family and multifamily that are cash flowing with 25% down. Very good tax climate, and landlord friendly combined with strong economic growth with tech companies like Apple and google building data centers, Tesla is building the semi-truck factory and a exodus from CA of people all point to strong signs of appreciation. The population is expected to grow 18.5% by 2025 and geographically restricted building will cause an even greater housing shortage. I'm happy to link up an share more insights and knowledge of the market