Locations for investment properties?

VMware BurnedOut
Aug 25 17 Comments

I have cash flow positive locations in Bellevue WA, Leavenworth WA, Bend OR, and Hood River OR. They all pay for the mortgage + about $300 - 400 on top. It is not enough to retire on, until 30 years later when the mortgages are paid off...
As the title suggests I would like to get the fuck out of the rat race. I got lucky and sold most of my stocks in April and have about 450k to invest. I would love to get to a point where in 2-3 years I could take a job I like in non tech like teaching and live off my investments - any suggestions?
Assuming no way to do the above, what cities do you invest in order to find cash flow positive properties? Remote management is a huge pain without someone on the ground but everywhere I looked in the past 3 months the prices just no longer make sense...

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TOP 17 Comments
  • Amazon / Mgmt dhakeKhao
    1. Leavenworth ? Do you plan to do Airbnb there ? How are you cash flow positive there ?

    2. What is your TC and net worth ?

    3. Why you want to wait for them to be paid off to help you with retirement ?

    It’s not clear you are talking about past, present or future in your sentences
    Aug 25 3
    • VMware BurnedOut
      OP
      You could find cheaper houses there with a long term rental to a different crowd. (rent by a room) in the past 2 years.
      TC about 500k over last 2 years, 250 7 years prior. Net worth is hard to calculate with a lot of money in the real estate. If you trust zillow and take those value minus mortgages it would be around 2M, including 401k and IRA.
      Aug 25
    • VMware BurnedOut
      OP
      After they are paid off large portion of the rent would go to me, enabling the retirement. I.e. 10k monthly is now going to the banks
      Aug 25
    • Amazon / Mgmt dhakeKhao
      1. But you said they are cash flow positive. Aren’t you getting any $$ ?

      2. You should have significant equity built in say 10 yrs to get cash if required

      3. If it’s 3 bedroom house and 2 bath, do you rent it to 3 ?
      Aug 25
  • HPE hskebp
    When did you buy the properties😲
    Aug 25 2
    • VMware BurnedOut
      OP
      2014, 15,16 and 18
      Aug 25
    • Amazon / Mgmt dhakeKhao
      Nice timing esp 2014-2015. Were the properties less than 300k each or more ?
      Aug 25
  • VMware BurnedOut
    OP
    A lot of questions, not that many suggestions 🤔. TC is above, bought Bellevue in 2016 still were able to find. Not any more, thus my question. Buying sf around 3 bd or bigger
    Aug 25 2
    • Amazon / Mgmt dhakeKhao
      Most folks I know invest in Midwest. Homes ranging from 150k-250k max. Cities like Pittsburgh, Houston suburbs, Boise Idaho etc.
      Aug 25
    • Amazon / Mgmt dhakeKhao
      Which suburbs around Seattle do you recommend ? Looks like you know a lot about Seattle area
      Aug 25
  • Wells Fargo qUyB01
    Did you look in places like Vegas or Arizona or Ohio? Heard a bunch of college towns in Ohio are quite good but no first hand experience
    Aug 26 1
    • HPE hskebp
      Arizona is a bit overpriced right now
      Aug 26
  • P&G pg1
    Good luck finding anything that cash flows in Boise...
    Aug 25 1
    • Amazon / Mgmt dhakeKhao
      Why not ? With 20%
      Aug 25
  • Expedia Group never$$
    Cash flow positive in bellevue...? How did you manage that?
    Aug 25 0
  • New / Eng hbfrv
    @OP TC?
    Aug 25 0
  • Wells Fargo qUyB01
    Do you usually buy single family homes or condos/apartments? In other words upto 2bd/2ba or larger homes. I would imagine the smaller homes would have a higher rental yield but not sure
    Aug 25 0

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