because of the issues you guys are facing. now maybe these folks are paying cash to build as well ?

I believe that successfully navigating this initial investment will pave the way for future opportunities, whether in the same market or elsewhere.Living in New York City, I faced a challenging market ;)I chose Montgomery, Alabama.Here's my process:I compiled a list of states with favorable landlord laws.Using Brightinvestor, I identified cities within those states where the median home price falls below the national average ($420k).I excluded cities with negative income growth and rising unemployment rates.I focused on cities with strong appreciation rates over the past five years (over 10%).I compared price-to-rent ratios.I did break two rules: Montgomery has a slight decline in population, and its largest employers are an Air Force base and government agencies.One significant factor that influenced my decision was the promising price-to-rent ratio, suggesting potential for positive cash flow (though I remain cautious about appreciation).Regarding my acquisition strategy:I plan to employ the BRRR method with cash.

With a knack for creativity and a passion for forging connections, I am here to bridge the gap between investors, cash buyers, and their next property.

I believe the play is to either improve the existing building and raise rents or the zoning allows for apartment buildings and the lot is considerably big, so maybe build new.

We managed to rent it for above the price of the mortgage, so it is cash flowing.

I'm a cash investor with a few million that I'm looking to build a portfolio with.

I noticed that rents for LTR are pretty high but still will not be enough for positive cash flow.

Maybe Miami is a better appreciation play over Detroit... maybe it's not.

Purchase price: $225,000 Cash invested: $80,000 Sale price: $375,000 This home was a foreclosure, and the home was a disaster.

Was looking at a multi family in Springfield OH and on paper it looks good and cash flows.