Cashflowing Area - US

[Joe Jung]

Hello,

I currently hold 5 units and looking to expand from Cleveland. The higher tax and interests are making it impossible to find deals over 7% cap rate or BRRRR. Does anyone have any recommendations? I would love a referral to a good real estate agent (I'm licensed in WA State myself), but more importantly, a GREAT PM. I found that they make all the difference. I noticed good PMs don't serve D areas because they know everyone will shift the blame to them and take a conservative appraoch. I personally like investing in B- to B+ area, but those are difficult to evaluate from REA or zip codes. I found some on biggerpockets where some people created maps and post zips codes, but PMs are the ones that has to deal with the property long-term.

Anyways, would love suggestions on the market everyone else is investing in and maybe different ways find deals.  Thank you!

[Greg Henderson]

Look into Hattiesburg Mississippi. Plenty of deals here. Crime is almost non existent. Three local Colleges and two large hospitals that serve a very large geographical area. Plus Mississippi has the nations lowest average home prices. Taxes are very affordable as well. There are a few rough areas and a couple flood zones I would avoid, but its honestly trivial compared to a large city. You can find 100k 3/1 or 3/2s single family that rent for 1200 a month to college students in 39401 or look into the 39402 oak grove/ sumrall school districts for 500+ a bedroom at 150k+. 

Check out delta if you want to look up taxes: https://www.deltacomputersyste...