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Jun 3, 2023
4:33
:54
pm
ekiben
Contributor
Memphis
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ekiben
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ekiben
Joined
Mar 8, 2016
Last login
May 9, 2024
Total posts
786 (3 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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