BiggerPockets Real Estate Podcast BiggerNews: This Area Has the BEST Cash Flow Potential in the Country
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Oct 25, 2024 
In this discussion, Ashley Kehr, co-host of the Real Estate Rookie Podcast and a cash-flow investor, shines a spotlight on the lucrative 'lake effect' cash flow opportunities in the Great Lakes region. She reveals how investors can buy affordable homes while boasting high rental prices, contributing to significant monthly cash flow. The conversation dives into the revitalization of cities like Buffalo and Erie, the influx of tech companies, and why certain markets are becoming increasingly attractive and future-proof for real estate investors.
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Lake Effect Cash Flow
- The Great Lakes region, including areas like Buffalo and Erie, offers strong cash flow potential for real estate investors.
- This region, often overlooked due to its "Rust Belt" reputation, has affordable properties with favorable rent-to-price ratios.
The 50% Rule in the Great Lakes
- Due to high property taxes in some Great Lakes states like New York, carefully analyze the 50% rule.
- Ensure your monthly expenses, including mortgage, taxes, and insurance, don't exceed 50% of your rental income.
Buffalo's Waterfront Revitalization
- Buffalo's waterfront is undergoing revitalization, attracting new businesses and entertainment venues, yet still has room for growth.
- This reflects a broader trend in Great Lakes cities, slowly shedding their Rust Belt image.