In These 11 Counties You Can Nonetheless Purchase Properties For $100k and Below

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It doesn’t matter what number of doorways you’ve or how a lot money movement you generate; in case your bills outweigh your earnings, you’ll by no means be a profitable investor. The important thing to investing correctly, particularly at first of your journey, is to maintain bills as little as attainable and reinvest your income again into your small business. That’s simpler stated than achieved, particularly this present day of excessive residence costs, rates of interest, and insurance coverage prices. 

Nonetheless, there are pockets of the U.S.—primarily within the South and Midwest—the place inexpensive housing will not be an oxymoron, and also you received’t see bullets flying previous your head in case you transfer there. The truth is, in these bucolic pockets of the U.S. heartland, you would possibly even have the ability to end up a house for underneath $100,000. 

For distant staff who don’t have to commute into town or full-time traders trying to construct an area portfolio, dwelling right here could possibly be the investing kick-start you want. Let’s dig deeper.

1. Wayne County, Michigan

Detroit, which has seen its fortunes change dramatically within the final decade, is in Wayne County. Whereas not all of the county has skilled the identical turnaround because the Motor Metropolis, Redford, a Detroit suburb of fifty,000, has a various inhabitants, good faculties, and an abundance of parks, new eating places, galleries, and music venues.

Furthermore, you should purchase a historic fixer-upper for underneath $100,000. As a landlord, you possibly can get began shopping for homes with all money for what you’d pay as a down cost elsewhere. For instance, right here’s a turnkey residence for $99,000 with a long-term tenant paying $950/month.

2. Jefferson County, Arkansas 

Providing Southern appeal at an inexpensive value, Jefferson County accommodates older houses on spacious heaps in small cities like Pine Bluff that make sense for owner-occupants and traders alike. This fixer-upper four-bedroom bungalow for $47,000 is a major instance. There’s additionally a robust area people, many occasions just like the King Cotton Vacation Competition, and scenic outside spots like Lake Saracen.

3. Trumbull County, Ohio

The county seat of Warren, in Trumbull, northeast Ohio, has many ranch and historic houses priced at underneath $100,000. Together with parks and lakes, the proximity to Cleveland and Pittsburgh implies that sports activities occasions, procuring, and leisure are simply accessible.

4. Macon County, Illinois

One other Midwestern discover, Macon County, is residence to town of Decatur—the county seat—and an incredible place to discover a very inexpensive residence and/or begin your investing profession. It’s arduous to imagine that this up to date, move-in-ready four-bedroom residence is simply $125,000. 

For automotive fans, Decatur is the house of the Chevrolet Corridor of Fame Museum, whereas the Rock Springs Conservation Space and Nature Middle provide biking and mountain climbing paths and trails.

5. Montgomery County, Alabama 

Steeped in Southern historical past, Alabama has not too long ago grow to be an funding sizzling spot. In Montgomery, the state capital, you’ll discover ranch houses and cottages for nicely underneath $100,000, similar to this move-in prepared, three-bedroom residence for $69,000.

If you wish to reside in a picture-perfect neighborhood, the Craftsman cottages in Capitol Heights, close to Midtown Montgomery, have a mean worth of $103,000. 

6. Erie County, Pennsylvania

Lakeside dwelling, low pricing, and a downtown experiencing a revitalization push make unassuming Erie, Pennsylvania, an incredible place to reside and spend money on actual property, as these choices show.

7. St. Clair County, Michigan

Providing scenic Midwestern small-town appeal with infinite funding prospects, St. Clair accommodates river cities like Port Huron, which provide unbelievable worth on your cash. This spacious five-bedroom, two-bath single-family residence, priced at $126,900, is zoned for 2 items and solely wants modest upgrades to be livable and rental-ready. Home hack by dwelling in a single expense-free by renting the opposite.

8. Sedgwick County, Kansas

Dwelling to Wichita and its well-known lineman, $100,000 goes a great distance right here if you need a ranch residence with many small-town charms—museums, meals festivals, and parks—an excellent job market and good faculties. 

9. Peoria County, Illinois

Whereas a lot of America faces an affordability disaster, it’s attainable to comfortably increase a household in Peoria in a house like this six-bedroom, three-kitchen, three-and-a-half-bath residence, which prices $126,900. That value additionally comes with the potential for rental earnings.

Town has a 2,000-acre wildlife park, two symphony orchestras, and a riverfront competition in the summertime. Nonetheless, choose your spot rigorously as a result of some Peoria neighborhoods might be a bit sketchy.

10. Vigo County, Indiana

Terre Haute is the county seat and is fueled economically by its proximity to Indiana State College. A reliable rehab crew ought to make straightforward work of many of those houses priced at underneath $100,000.

11. Adams County, Mississippi

Head to Natchez, nestled on the Mississippi River, and also you’ll discover dozens of Victorian-style cottages and Craftsman bungalows for underneath $100,000, many in pristine, move-in situation.

Being within the historic South, ought to you intend to go to or transfer right here, you possibly can go to the Grand Village of the Natchez Indians, the Natchez Nationwide Historic Park, Historic Natchez, and Emerald Mound, amongst different plantation excursions.

Last Ideas

Investing and dwelling in smaller houses is the way in which ahead amid the present housing disaster. If you’re open to downsizing to bungalows and cottages or fixing up one thing bigger, investing in these cities and cities might present a sensible highway map. They provide a good lifestyle and funding alternatives—with out the bills that can hold you up at evening.

Word By BiggerPockets: These are opinions written by the writer and don’t essentially signify the opinions of BiggerPockets.