Compressed-Village said:
Where do you buy 350.000 and able to rent out for 2K a month? Its easy to punch in some numbers and throw it on the board.
Show me where you have in mind that you can buy on the cheap and collect high rent.
A family member in Alaska is renting their $350k place for $2000/mo. I'm not saying to invest there, but that's where I got the number from.
Here's area I've been looking.
https://www.zillow.com/homes/1046-Kelly-Creek-Cir,-oveido-fl_rb/
House is probably worth about $250k I saw bigger 4 bedrooms selling for $270k in that area.
Asking rent is $1750/mo
A $350k place renting for $2000/mo isn't a far stretch.
I am told, though, the best ROI is with cheaper houses in bad neighborhoods.
Compressed-Village said:
Been there done that. Got burned in Arizone Tucson, GA, and even in Durhan NC close to Duke. Rent rate even now for 3/2 bed/bath is around low 1K. I will stick with local rental market.
I wouldn't have ever recommended Tucson. Phoenix/Tempe/Scottsdale area maybe, in the past, but not Tucson, AZ.