All Forum Posts by: Josh Aljets

Thank you all for the more complete picture! This is giving me an increased sense of caution and I appreciate the heads up on the impact of these other factors on what I'm seeing in these listings.

It seems so daunting to get at the truth and the details, especially for a first go round. How much can you lean on a good investor-friendly agent for any of this, especially for a first timer?

Newbie here, hoping to buy something later this year or maybe next year. Not quite ready to spend the money yet. For now I'm perusing the market as a kind of hobby to see what's out there.

Cash flow options seem pretty slim in my area, south of Seattle.

However, when I look around the country, there are comparatively ridiculous-seeming options. For example this place claims to be able to rent for $6,000, and with 25% down that would be a $4200 payment, so $1800 cash flow (not yet factoring any sort of maintenance and whatnot of course, so just the mortgage/rent diff):

https://www.redfin.com/SC/Columbia/1921-Pickens-St-29201/hom...

Or to a lesser extent this place at $400 cash flow:
https://www.redfin.com/SC/Columbia/1035-Kinard-Ct-29201/home...

Not asking for free research here, but why in general terms would a place like this just sit on the market? It seems so much better cash flow than properties listed in my area, where you're lucky to get a couple hundred bucks.

Example of break-even in Tacoma, WA:
https://www.redfin.com/WA/Tacoma/3734-S-M-St-98418/home/2978...

What am I missing that these seemingly ridiculous cash flow properties are available in other areas in the country? Shouldn't investors be snapping these up?

Thanks in advance for any tips!