[CASHFLOW MARKETS] Which market to invest with high interest rate

[Vik G.]

Hi All, 

I am just getting started in my real estate investing strategy (may be not the best time given the high inflation, looming recession etc.). But, still wanted to get started in a high cash flow market. 

Which markets should I look at for high cash flow with the 6%+ interest rates? I know I can get an ARM for 4-5%, but would rather lock my rate for 30 years with a fixed mortgage of 6%+. Some appreciation of 3-4% annually stable market will be good.

I have heard of Memphis, Cleveland, San Antonio as some pointers from my friends in real estate, but wanted to get everyone else's perspective here. Thanks! 

[Jonathan Greene]

If you have never invested out of state, targeting "hot" markets isn't going to get you the best money. You are ripe for someone to sell you a bad investment because it seems like you are just looking for something easy. But if you want to make the most money as an investor and get the best start, why aren't you looking at markets closer to you so you can get some hands-on experience in management or viewing? To get high cashflow you are going to usually acquire an asset that has some long-term capital expenditures because if the cashflow is so high, there is something else causing that beyond the asset.