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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Episode guests

Henry Washington

Ashley Kehr

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Episode notes

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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.

Intro

2min

Beginner's Guide to Real Estate Investing

7min

Buffalo Investment Insights

5min

Investing in Racine's Real Estate Market

8min

Navigating Cash-Flowing Rental Investments

7min

Navigating Real Estate Opportunities

12min

Can you invest in real estate with just $75,000? And not only invest but can you find cash-flowing rentals in solid markets with long-term profit potential without spending six figures? Yes, to both. Today, we’re proving it’s more than possible because we’re finding on-market rental properties for sale that can be bought, renovated, and rented with a $75,000 (or less) investment. These are LIVE deals, meaning you could make an offer on them right after this podcast airs (seriously!).

To help us out, Dave asked fellow investors Ashley Kehr and Henry Washington to bring a deal to the show that:

1. Has an all-in cost of $75,000 or less

2. Is on-market (on the MLS)

3. Isn’t a house hack (you don’t have to live in the property).

Dave found his own deal and brought it along, too. So today, we’re sharing three actual deals in three solid real estate markets, all that you can invest in with $75,000 or less.

We found rental properties that not only cash flow hundreds of dollars a month but come close to (or beat) the 1% rule, AND one is already renovated, meaning you just need to find renters, and you’re already making money. Don’t let the naysayers fool you—this is PROOF you can find good rental properties even in 2024.

In This Episode We Cover:

How to invest $75,000 in real estate if you want cash-flowing rental properties

Three distinct real estate markets that all offer below-average rental property prices

How much to keep in cash reserves for your first investment property

“Value-add” potential you can spot that’ll help you boost equity in your property

The one cost that you really need to check before you buy in a new market

Key indicators that point to a real estate market growing (or slowing)

And So Much More!

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