depends where you buy. i deal in s california and you cant get positive cash flow with 70k. many areas of the country you absolutely can. southern california is more about appreciation rather than cash flow.

Leverage up.

Many of my investor commercial buyers are from California,New York,Washington,Chicago etc. where they can generate much greater returns in Georgia.

I see. Where in your opinions would be the best place to invest in at the moment?

It depends on if you want to hold long term or short term.If you will accept greater risk for higher returns.If you are in the wealth generation stage or the wealth preservation stage.

I would have to talk with you about your goals to determine a plan of action.

Private message me with your contact info if you want to proceed further.

70,000 Powerball tickets!! Seriously though, this is a great time to investing in bargain-priced properties. Find a couple of properties in good markets that just happen to be shaken up by the economy and wait for buyers to become less gun-shy as the economy continues to rebuild itself.

lol!!.. That thought DID cross my mind.. More so in the line of taking a trip down to Vegas and putting it all on black. Speaking of which, some guy DID do that, and I heard he won about $80k. haha...

But yeah, I'm hearing mixed results from different people, so I'm also looking into building a senior care facility.. Not sure yet, thanks for the tip!

I am looking for the same type of investment... But because I'm Canadian, Arizona and Florida are the 2 most 'tax-friendly' states for Canadians to buy in.

There are townhouses that you can buy for about $65,000 in Phoenix that rent out for $750-$900/month and I'm looking into scraping up enough money to buy one of those... I've researched the place and it looks like a few are on Auction.com with starting bids of $19,000 .. might be a good place to start...

Jeff

I know that this thread has been dead for a while, but let me share my thoughts. There are opportunities for real estate investment everywhere on the mainland, but the priority in this case is finding trustworthy people to give suggestions and oversee the entire process (purchase, rehab, rent, manage, etc.). Talk to your friends and coworkers and see if they can refer someone on the mainland. If you know people here, ask them for referrals.