All Forum Posts by: Richard Wilkinson

My famiy lives very close ot south mississippi. What do you have that would fit the criteria of under $200k purchase price that could produce cashflow?

Thank you!

1 Vote

Wow! What a response!?! It will take me a week to go through these : ), but there seems to be a throughline/consensus about markets that currently have the potential to cash flow. I will contact some of you directly for a more in-depth conversation. Big Thanks to the BP Community for the overwhelming response!

2 Votes

Quote from @Richard Wilkinson:

Quote from @James Wise:

Quote from @Richard Wilkinson:

I'm a Los Angeles based Realtor w/ 17 years of experience and I am looking to invest out of California. At this point I would like to keep each purchase under $200k. Can anyone recommend any markets where one can make a purchase for $200k or less and still have positive cashflow?

Entire Midwest playa. Cleveland, Detroit, Toledo, Indy etc......Throw a dart at a map and you'll find a town that you can do that in.

THank you, James!

0 Votes

Quote from @James Wise:

Quote from @Richard Wilkinson:

Entire Midwest playa. Cleveland, Detroit, Toledo, Indy etc......Throw a dart at a map and you'll find a town that you can do that in.

0 Votes

Quote from @Nicholas L.:

@Richard Wilkinson

unfortunately I think that, with interest rates where they are, it is basically not possible to meaningfully "cash flow" on a traditional long term rental, in a market you can't personally add any value to, with standard property management.

if you're handy and self-manage, for example, you can keep management and repair costs down that way, but that's obviously not possible from thousands of miles away. so you'll be paying market for management and repairs and if you go too far below the median in a market you might have heightened wear and tear and vacancy.

is there a market you visit often, or went to college in, or have strong ties to? i'd pick that way, versus just a random market based on a random median price that you don't know anything about.

hope this helps

Great advice! Thank you, Nicholas!

0 Votes

Quote from @Alfath Ahmed:

Quote from @Richard Wilkinson:

Thank you for taking the time to respond, Alfath!

I would look into the Indiana market. Tons of cashflow potential.

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17 Votes

Correction: Looking in San Gabriel Valley NOT San Fernando Valley

1 Vote

Los Angeles County, California

Want / Need a 4 Unit Building in The San Gabriel Valley. Ideally all 2 Bed units, but there is some flexibility on that. Can spend up to $2mm.

1 Vote

Los Angeles County, California

Thank you, Brandon! Is there particular area or type of property that you feel is a better focus. Both my sisters are LSU Alumni and own some apartments near campus. My concern with that is careless college kids consistently destroying the property, causing large $ expenditures for upkeep.

0 Votes

All Forum Posts by: Richard Wilkinson

Richard Wilkinson has started 3 posts and replied 11 times.

Post: Looking for Cash Flowing Rentals for Under $200k

Post: Looking for Cash Flowing Rentals for Under $200k

Post: Looking for Cash Flowing Rentals for Under $200k

Post: Looking for Cash Flowing Rentals for Under $200k

Post: Looking for Cash Flowing Rentals for Under $200k

Post: Looking for Cash Flowing Rentals for Under $200k

Post: Looking for Cash Flowing Rentals for Under $200k

Post: Want / Need a 4 Unit Building in The San Fernando Valley

Post: Want / Need a 4 Unit Building in The San Fernando Valley

Post: Investing in Baton Rouge area