Purchase price: $200,000 Cash invested: $27,495 Sale price: $306,340 This project was a very interesting one!

Purchase price: $200,000 Cash invested: $27,495 Sale price: $306,340 This project was a very interesting one!

Purchase price: $200,000 Cash invested: $27,495 Sale price: $306,340 This project was a very interesting one!

The Midwest might be worth a look—it's affordable and offers great cash flow potential.

Plus, there's still so many positive cash flowing and 1% deals here in Columbus Ohio.

To pay for the renovation, we did a cash out refinance.

Just go to the local forums there are deals everywhere IF you are cash.

They work well for mom and pop sellers that are free of a mortgage and are looking to retire on the cash flow. 

Any tips if I need 10k to purchase cash or suggestions for loans?

High paying local jobs.Monthly cash flow: $306 /moIncome:  $2,250 /moExpenses:  $1,943 /moCoC ROI: 2.69%5-year annualized return 4.91%   Mortgage payment $1,394.53Rental income: $2,250/mo Expenses: $1,943Loan detailsTotal cash needed $136,739Purchase price$ 336,990Loan amount $206,990Loan term 30 yearsInterest rate 7.1%Monthly expense breakdownTotal expenses $1,943Mortgage $1,395Taxes $280Insurance $47Variable expenses  $180Fixed expenses $42Monthly Fixed expenses: $42 electricity $0gas $0water & sewer $0hoa fees $42garbage$ 0Other$ 0Monthly Variable expenses $180Vacancy $180Maintenance $0 (new construction)CapEx $0 (new construction)Management fees $0 (self manage)ReturnsNOI$ 20,412CoC ROI 2.69%Pro forma cap 6.06%Purchase cap 6.06%