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Jun 3, 2023
3:43
:00
pm
Iman23
All-American
The rust belt will cash flow but doesn’t appreciate, so…
Actually probably doesn’t cash flow at the rate you are talking about
This message has been modified
Originally posted on Jun 3, 2023 at 3:43:00pm
Message modified by Iman23 on Jun 3, 2023 at 3:45:32pm
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Iman23
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Iman23
Joined
Jan 18, 2008
Last login
Jun 15, 2024
Total posts
42,955 (2,775 FO)
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Messages
Author
Time
Is there a market in america where I can buy a rental for 200k or less and cash
Triznaynay
6/3/23 3:06pm
RE: Is there a market in america where I can buy a rental for 200k or less and
hebercreeper
6/3/23 3:06pm
Doubtful. But less you want to put a massive amount down
Nat Gas Man
6/3/23 3:09pm
You mean with no debt? Absolutely there is. If you mean 75% LTV, the answer is literally no chance.
RdF3
6/3/23 3:09pm
Where?
homegrown
6/3/23 3:09pm
If you’re talking paying cash for it, most places in Utah you could find that.
RdF3
6/3/23 3:10pm
Here
WorfoSAUR
6/3/23 3:11pm
Could you really get 1300/month for that? Do you know Lubbock?
Triznaynay
6/3/23 3:15pm
Not sure how accurate but on the listing it says rental value of $1099
Zak
6/3/23 3:30pm
I threw this in Roofstock search.
dwhitebud
6/3/23 3:30pm
I guess not
WorfoSAUR
6/3/23 4:07pm
Taxes and insurance will cost you 600+ a month. You would have to pay cash
johnnybyu
6/3/23 4:27pm
How close is that to Tech?
Dark Forest Green
6/3/23 3:49pm
Taxes and insurance will cost a fortune in texas
johnnybyu
6/3/23 4:24pm
Yes - Here:
BYU Robert
6/3/23 3:29pm
Not sure but here in phoenix/Mesa I’m looking for a rental to purchase for
kotacoug
6/3/23 3:35pm
The rust belt will cash flow but doesn’t appreciate, so…
Iman23
6/3/23 3:43pm
The issue with little appreciation means little rent increases while cost
johnnybyu
6/3/23 4:52pm
how hard are you willing to work at it?
WhoisJohnGalt
6/3/23 3:53pm
I would say no. Maybe someplace in Midwest if you can to fix up a dive but
johnnybyu
6/3/23 4:25pm
I just bought a rental for $150,000, and it cash flows
volleyjiver
6/3/23 4:30pm
If cash you can make it work. 20% down unlikely. Your rent price ratio
johnnybyu
6/3/23 4:32pm
You mind posting details… what’s the square footage, bed/baths. What’s the
kotacoug
6/3/23 6:45pm
Memphis
ekiben
6/3/23 4:33pm
Easily. 1,000/mo would be a small 5% return. I have 15 in this price range.
Plato
6/3/23 5:11pm
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