BiggerPockets Real Estate Podcast
Can You Still Find On-Market, Cash Flowing Rentals in 2024? (We Found Some)
Nov 6, 2024
Ashley Kehr, a savvy investor in Buffalo, and Henry Washington, an expert in off-market deals, team up to reveal how you can acquire cash-flowing rental properties under $75,000. They showcase three real, on-market deals that meet this budget. The duo discusses the vibrant rental markets in Buffalo and Racine, along with strategies for identifying lucrative opportunities. They emphasize the 1% rule and share insights on maintaining cash reserves, all while debunking myths about needing a large budget to succeed in real estate.
39:52
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Quick takeaways
- Investors can successfully find cash-flowing rental properties on the market with a budget of $75,000 or less.
- Exploring distinct real estate markets reveals opportunities for affordability and profitability even amid prevailing investment challenges.
Deep dives
Finding On-Market Deals
Despite common beliefs that profitable investment properties are only available off-market or require significant startup capital, great deals can indeed be found on the market. The hosts challenged themselves to identify viable deals within the constraints of a $75,000 investment, showing that affordability is attainable even in the current market. Each participant was tasked with finding properties on the MLS while factoring in all associated costs, including closing fees and potential renovations. This exploration highlights that rookie investors can successfully navigate on-market options without needing extensive cash reserves or seasoned experience.
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