“Where can I buy and get a rental property and get positive cash flow?”
Answer:
Technically, the answer is ANYWHERE…if you’re willing to put enough money down. But I’m guessing that’s not the answer you’re looking for.
If you buy smart, in some San Diego neighborhoods you can get a positive cashflow with 25-30% down. It helps if you manage and do repairs yourself, but you may still be able to if you hire out these services.
I’ve personally bought a rental condo and a fourplex and am enjoying positive cashflows on them. And I’m in escrow on another fourplex.
By the way, if you asked me this question at the peak of the market, I’d be telling you that you needed 40% down or more to get a positive cashflow.
We’ve helped many people buy investment property, so call us at (858)457-KENT and we’ll be happy to find you a good positive cashflow rental.
