Can You Still Find On-Market, Cash Flowing Rentals in 2024? (We Found Some)
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!
Links from the Show
Let Us Know What You Thought of the Show!
Invest in Turnkey Properties with REI Nation
Grab Henry’s New Book, “Real Estate Deal Maker”
Find an Investor-Friendly Agent in Your Area
Top 10 Real Estate Markets for Cash Flow in 2024
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1040
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