The rust belt will cash flow but doesn’t appreciate, so…

Report problem with this ad

Jun 3, 2023
3:43:00pm

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

Report problem with this ad

Iman23

Bio page: Iman23
Joined: Jan 18, 2008
Last login: May 10, 2024
Total posts: 42,659 (2,733 FO)

Report problem with this ad

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

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?

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

Report problem with this ad

Posting on CougarBoard

In order to post, you will need to either sign up or log in.

Report problem with this ad