Cash flow-oriented investors would do well in this market, since Montgomery’s rent-to-price ratios are very favorable—for instance, we’re seeing $150,000 properties in B/B+ neighborhoods fetch monthly gross rents of $1,200 to $1,300.By the way, if you’re looking for financing, a debt service coverage ratio (DSCR) loan could be a good option for you since you’re an international investor.

Louis MSA (Metro Statistical Area) spans 2 states, 15 counties, and nearly 9,000 sq miles making it the 21st largest MSA in the United States, home to 2.9 million people.

I mean can I take a 600k loan to meet a 3 million dollar building's down payment and cash on hand requirements? 

Then I joined a real estate club, asked 4 million questions, studied forums and just went out and did it.

He’s making millions!

From Google AI:In the first quarter of 2024, Memphis, Tennessee had a 14.6% house flipping rate, which was one of the highest among metro areas with a population of more than 1 million.

Hello Ilya,Where are you looking at purchasing your 1st property.When converting a property from a single family to a multi family, you will need to check on the zoning requirements, depending on your location, not every location has zoning.As far as lending goes, it is far easier to finance a single family up to a quadplex, than financing 5 plus units, the DSCR Market for 5+ units is extremely low right now, and there are few if any lenders in that space.For financing 1-4 units, there are Millions of dollars chasing those loans, so you can easily obtain long term financing, at rates between 5-7%.Please reach out if you have a property identified, and I can help you with financing options.

$25k to $1 million, 10 year draw.

There are so many stories of people losing everything even with millions in insurance coverage.

All of this is nice for informational purposes but if you want to invest in tax sales there is no need to go to multiple states, unless you have millions of dollars to spend.