A cash out refinance post - 1031. 

I just don't know if OC is too saturated with rentals for the summer and we would not bring in positive cash flow to make money off the rental.

Bought for $18,000 cash and now priced at $90,000.

Purchase price: $185,000 Cash invested: $220,000 This deal was brought to us by a wholesaler that we work with regularly.

That creates a really nice price / rent ratio which is favorable for investors looking for cash flow.

Unit A is about 100 years old and Unit B is almost completely new.Pros:-The duplex is in a very desirable neighborhood with home value appreciation year over year at about 50+%-Rent is also in high demand within this area-Cash flows well even with high interest rates and increasing property taxes-Home is price below average cost per sq ft-The house has been renovated and some parts of it has been remodeledCons:-All issues are with Unit A, the 100 year old unit.

Welcome Brandon - I have properties here in the wyoming valley.I am a native to the area.Scranton has many hoops to jump as an investor - esp. an out of the area investor.One is you'd have to hire a property manager if you do not live in the city of Scranton or within 20 miles of the city.Real estate taxes are high -that plus the current interest rate and ask prices makes cash flow an issue.You can find "deals" but please do your due diligence.Here is an example of a potential deal I am evaluating in the hill section of the city: 20 y/o, 2000 sq ft. 3b/3bath TH - Needs paint, new carpeting, and general wear and tear repairs after a 4 year tenant.

Get perm loan, cash flow.

Secure contracts with sellers at lower market pricing, then connect with cash purchasers eager to pay more, earning from the difference.

.- Understand the areas that are most in demand for renters are likely the areas where owner occupants begin to push purchase prices to the point where the property barely cash flows as an investment at first.