Cash Flows From Investing Do Not Include Cash Flows From: The Secret to Increasing Cash Flow – Invest in Opportunity Zones

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The Secret to Increasing Cash Flow – Invest in Opportunity Zones

A wise man will create more opportunities than he finds. ~Francis Bacon

Introduction

Don’t just find homes that meet your criteria, find homes that meet your criteria in locations where people like to rent. There are nice areas in my city and there are not so nice areas in my city. However, neither of those two areas are where most people like to rent properties.

There is an “opportunity” zone between nice and not-so-nice areas where people are eager to rent and where home values ​​are relatively lower, but where you can charge a moderately high rent. There are good and bad houses in these zones, but usually supermarkets and shops are close, often close enough to walk to.

Advantages of Opportunity Zones

Opportunity Zones have one big advantage over other parts of the city, you can make more money with them. There are two reasons for this:

1. You pay less for a rental property in an opportunity zone than you would for a comparable property in a nicer neighborhood.

2. You can charge about the same rent as in a nice neighborhood.

For example, I own two houses in two different parts of the city. I have a house in a nicer neighborhood at the end of town where new construction is taking place. I pay $700 on the mortgage and receive $875 in rent on a monthly income of $185.

I own a second home in the opportunity zone, near the central part of town where real estate values ​​are lower. For this house, I pay $525 in mortgage, receive $750 in rent, and make $250 in monthly rental income.

It’s not how much I earn for the house each month, it’s how little I pay for the mortgage that adds up to a higher profit in the Opportunity Zone!

Why do people choose to live in opportunity zones?

1. Cost. As mentioned, the cost of buying real estate is economical, and when you can walk to buy your groceries and other essentials, you pay less for gas.

2. Practicality. Many people want to reduce their dependence on the car.

My experience in the opportunity zone

When I bought my first house, I bought it in the opportunity zone. My wife and I liked the house because the price was right and because of the location, close to shops. Not only would we walk to buy groceries and rent movies, but we also walked around the neighborhood at night for exercise.

The area was a mixture of all types of housing. In the four-square block where we lived, there were owner-occupied houses, terraced houses, apartments and caravans. Our house was within three blocks of two grocery stores, a video rental store, a 7-11 and Circle K, an auto parts store, Taco Bell, McDonald’s, and a pharmacy. Granted, there were rougher edges in the neighborhood, so a few odd characters in the neighborhood, but they were in the minority.

We lived in that house for 9 years. Then we bought another house and kept the first one as a rental. I recently bought another house on the same block. It was a location where it was very easy to find good tenants.

I have no desire to live in the area again, but it is where I like to have rental properties.

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