Posted by Ronald * Starr(in No CA) on July 09, 2003 at 16:59:18:
Last I knew it was possible to get positive cash flow on properties in the Central Valley and Foothills of CA with that sort of down payment. And I expect appreciation there also.
Some people do buy and hold even with negative cash flow since they anticipate appreciation will more than make up for the cash outflow.
Yes, it is very possible to get positive cash flow with houses in other parts of the country. I was talking to a real estate broker in the small town of Frederick, OK, today. You can buy a nice house there for $10K and it will rent easily he said. I didn’t ask the amount, but I am guessing $300 or more.
The midwest and the southeast are not like CA when it comes to rental properties.
Good InvestingRon Starr