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Updated over 3 years ago,
Which market for high cash flow on a fourplex?
Hello, BP!
I'm looking for my very first deal. I want to househack a fourplex and generate as much cash-flow as possible using an FHA loan with 3.5% down. I have a job where I work from home and I'm willing to move anywhere in the country where I can maximize the cash-flow on my first purchase. My main question is: which market would YOU choose to invest into if you wanted to maximize cash flow on a Fourplex with a low down payment?
As a side question, I would really love to hear what kind of cash-flow folks think can be achieved with a single fourplex. Is it pie in the sky to think that I can hit $1,500/month on a single fourplex? How much do you think I should hope to cashflow?
Thanks everyone!!!