Consider storage rentals. They have great cash flow.
Where Can I Find Real Estate With A High Cap Rate?
I would like to find some residential or commercial income property with strong positive cash flow. I would prefer something in CA but it seems unlikely. I’ve looked briefly at Reading, PA and Cour D’ alene, ID. Any other suggestions from personal experience?
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July 13, 2009
July 13, 2009
Try Rochester, NY
You can go to http://www.realtor.com and have them show you the properties for sale. Look on the multifamily units…they show the rent. Your net operating income divided by your purchase price = your cap rate as a decimal. Move the decimal two places to the right for a percentage.
July 13, 2009
Search in real estate classified from various resources
July 13, 2009
define high? in CA these days 4% is about the going cap rate. money is still too cheap and real estate prices are still too high to get a good return if you buy today.
July 13, 2009
CA cost too much try down south
ps: how about 200$
July 13, 2009
Don’t go around searching on your own. Sign up for RealProspex. They know the market nationwide.http://www.realprospex.com
July 13, 2009
There are many investment properties out there with high cap rate it all depends if you are willing to buy were the deal are at. Also there are many types of commercial investment that you may want to consider NNN retail, Multi-family, office, industrial for example
Feel free to e-mail me at sryle@ramshaw.com
