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Updated about 19 hours ago on . Most recent reply
Out of state cash flowing rental markets
Hello!
I am from California and have my real estate license but rentals here are unlikely to cash flow with the rates and prices even in my low cost of living area. I would love some guidance on out of state markets where rental income is strong and cash flow is a possibility. Budget would be under $500,000. Single family or multi family properties.
If there are any agents that specialize in rental properties would love to connect as well.
Most Popular Reply
You will see lots of BS of people pitching their market. Prices are high everywhere even the traditional “cash flow markets” are selling 3x+ what they did 10 years ago but with the same junky tenants and thousands in turnover every time someone leaves. You really need do value adds, boost rents and then can have some cash flow in 2025 so usually best to stick to where your local and can oversee contractors. Certain properties work better for this, for example in my market Chicago 3 and 4 units in areas where can get rents really high work, we often hit $2000-2400 for 2/1s now and 4 units still only go $800-1 mil class A tenants that pay like clockwork. The lower class stuff looks good on paper but never runs real life that well.