check property taxes in Syracuse NY. Yes you can buy a house for 200k, but if your property taxes are 8k a year. Might as well buy a 300k home and pay 2-3k in property taxes in the south.
@@Freshprankstv1 all depends on your goals man. I have friends going all in in cash flow instead of appreciation, cuz they want money now and NOT LATER.
@Aashish Udayan LL (landlord) friendly meaning easier to evict. Some states if rent isn't paid by the 5th, you can have them removed by the 15th! Ohio, Texas, Florida, NC and I think Arizona to name a few.
“prices are still going up” lol. so, you are suggesting people buy at peak market price. those markets are going up because the are lagging market not because they will avoid the correction. you mentioned Lansing, please remember MI has some of the highest property tax in the country plus some cities require you to register your property.
I live in New York and I am looking for a place to move. Syracuse is actually a good market? Does anyone have more insight on the real estate market of Syracuse NY? Thank you for any help
Homes are cheap here, but nobody wants to live here, which is why they're cheap. We just landed a massive chip factory with micron that should bring in a lot of tech oriented jobs though.
I have 2 rentals in Lansing and it is a very good cash flow market. Taxes are a little higher, but plenty of houses below the median sale price. Reply if you’re interested in property management, contractors, or realtors that I use!
Taxes and high crime in NY and PA. PA in particular has gone to hell. There are hardly any places for sale and the ones that are , are usually in high crime areas. If you want extreme problem tenants and high taxes , go for it
This is a cashflow strategy which is not worth it when you can get CDs above 5%. I doubt you will get any appreciation in these locations; this is basic appreciation and not forced appreciation. CAP rates are too low. You will get better short term returns with CDs and then jump back in after CDs rates are below CAP rates. Or wait for the impending office space collapse where you can get space for pennies.
Prices certainly are UP statewide in Hawaii. However, this has more to do with scarcity than anything. The reality is that long-time residential renters are moving to the mainland, because they no longer can afford the rent. That is, if they can find anything to rent at all?! Note: HI is not LL friendly and anti-development.
![Lp. Сердце Вселенной #60 РОЖДЕНИЕ ЛОЛОЛОШКИ [Финал] • Майнкрафт](http://i.ytimg.com/vi/YoR0pAV9FVQ/mqdefault.jpg)
These are the 5 markets mentioned in the video:
1. Syracuse, NY
2. Lansing, MI
3. Scranton, PA
4. Toledo, OH
5. Springfield, IL
Thank you
You've done god's work
dude... shush! Investors who have done the work already know this. Before long there won't be ANY affordable markets.
😂 thank you
Thank you
check property taxes in Syracuse NY. Yes you can buy a house for 200k, but if your property taxes are 8k a year. Might as well buy a 300k home and pay 2-3k in property taxes in the south.
Lansing,mi as well. Bought a house for 95k in 2020 and pay over 5k in property taxes annually
That's NY
IL has pretty bad taxes too..
Same thing in Southwest Chicago suburbs.
Might as well pay +$100k if you have to pay $8k. Makes perfect sense.
I got one under contract Independence Iowa for $43k. 12.83% coc. It's a 3 bedroom renting for $700/mo. The deals are out there. Keep looking!
That’s great!
All cash flow, zero appreciation. I thought about that for a while but ide rather save a lot more buy a better house and get app AND cash flow
@@Freshprankstv1 all depends on your goals man. I have friends going all in in cash flow instead of appreciation, cuz they want money now and NOT LATER.
@@wilsonveloso3910 true
So crazy. I was looking at that property on loop. I think that was a great buy. Congrats!
One of the best videos done by Bigger Pockets !. I live in MI and agree with Lansing !
AWESOME CONTENT!!!!! I will definitely be choosing one of these markets to invest in. Where I live is way too expensive. Thank you, excellent content.
Central IL is full of cashflow opportunities. Peoria, Bloomington/Normal, Decatur are all doing pretty well.
Wow Michigan on that map.... Love what u've done with the place!
Looking to buy as primary residence but those places aren’t too safe, imo. Thanks for teh analysis
Should have shown at least one listing in each area
What about Albany, NY?
what do do y'all think of Lancaster PA? i hear it's growing and has low inventory.
Interesting! Thank you for this!
Little Rock still sub 200k as well! happy hunting!
Pittsburgh, PA
I never here anything about alabama. Your thoughts please
Umm stay away Lmfao
Of those 5, Ohio is the only one that has LL friendly laws.
Whats LL Friendly law?
@@AashishUdayan Landlord
@Aashish Udayan LL (landlord) friendly meaning easier to evict. Some states if rent isn't paid by the 5th, you can have them removed by the 15th! Ohio, Texas, Florida, NC and I think Arizona to name a few.
In IL it depends on the county and town/city. Some cities or very hands off. Others or too involved.
“prices are still going up” lol. so, you are suggesting people buy at peak market price. those markets are going up because the are lagging market not because they will avoid the correction. you mentioned Lansing, please remember MI has some of the highest property tax in the country plus some cities require you to register your property.
Syracuse just landed a massive chip fsctory with micron that should bring in quite a few jobs in the coming years.
Upstate NY has some of the highest property tax % in the country... we pay like 3% lol
Compared to Scranton, would rent and cash flow still be greater?
I live in New York and I am looking for a place to move. Syracuse is actually a good market? Does anyone have more insight on the real estate market of Syracuse NY? Thank you for any help
Homes are cheap here, but nobody wants to live here, which is why they're cheap. We just landed a massive chip factory with micron that should bring in a lot of tech oriented jobs though.
This is great stuff Dave. Thanks for sharing!
West Virginia.
I have 2 rentals in Lansing and it is a very good cash flow market. Taxes are a little higher, but plenty of houses below the median sale price. Reply if you’re interested in property management, contractors, or realtors that I use!
Are there any homes under 50k that can generate 1000 cash flow?
No, not as a regular rental. You are asking for a home that can pay for itself in 2 years.
@@jbsc97 if it was paid in Cash
Taxes and high crime in NY and PA. PA in particular has gone to hell. There are hardly any places for sale and the ones that are , are usually in high crime areas. If you want extreme problem tenants and high taxes , go for it
I wouldn't touch Scranton
I don't really want to be a landlord. How can i generate truly passive income
This is a cashflow strategy which is not worth it when you can get CDs above 5%. I doubt you will get any appreciation in these locations; this is basic appreciation and not forced appreciation. CAP rates are too low. You will get better short term returns with CDs and then jump back in after CDs rates are below CAP rates. Or wait for the impending office space collapse where you can get space for pennies.
CDs won't be at 5 percent forever. In another year or so those will start coming down once rates start being lowered
It’s quite amusing how people disregard the State of Hawaii’s real estate boom.
Prices certainly are UP statewide in Hawaii. However, this has more to do with scarcity than anything. The reality is that long-time residential renters are moving to the mainland, because they no longer can afford the rent. That is, if they can find anything to rent at all?! Note: HI is not LL friendly and anti-development.
Hahahahhahaha. Don't worry. There will be a lot of homes under 200k next year.
🎉
First