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Updated about 6 years ago on . Most recent reply

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Rocky Rock
1
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8
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Rental Property Suggestion?

Rocky Rock
Posted

I'm looking for MFH (1-6 units)/duplexes rental property in any state/city (Class B or A). My budget is $300-500K, planning to put down 25% - What are my chances of finding any properties with a Positive Cash flow.

Do you've any suggestions in which sate or city - I should be looking. I live in California (north) but right now prices are v steep here, positive cash or breakeven is also tough.

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1,384
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Frank Wong
  • Real Estate Broker
  • Bay Area
3,263
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1,384
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Frank Wong
  • Real Estate Broker
  • Bay Area
Replied

 Hi Rocky,

There is no one special market that has exactly what you are looking for.  You need to analyze multiple markets and see what you like most.  Picking the actual market is actually not that important.  Having a process to analyze, find, and buy rentals are. 

You got the right idea about looking out of state.  I live in the Bay Area and I invest in TX.  It's worth the work!

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