Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago on . Most recent reply

User Stats

61
Posts
16
Votes
William Kim
  • Burlington, MA
16
Votes |
61
Posts

Out of State Investing and Markets

William Kim
  • Burlington, MA
Posted

I've been reading and receiving a lot of great advice/recommendations on BP about certain investment strategies and how to go about them.  One of the strategies that we are seriously considering and likely starting off with (have yet to purchase first investment property) is an out-of-state rental property (whether it be SF or multi).  As the preference is to continue working full-time with my current job, we are looking to find turnkey properties as we currently don't have the time to manage the property, don't have experience with any boots on the ground, and want to gain experience through working with the provider and the potential PM.  

In looking for a good deal, we are trying to determine a market that would be turnkey friendly and have cash-flowing opportunities (positive of course) with appreciation not necessary but icing on the cake.  This would be a long term hold/play.  In browsing the forums, I've been seeing cities thrown out here and there such as OKC, cities in OH (Cleveland, Dayton), Atlanta, Dallas and Houston.  Have also seen Phoenix.  

Has anyone had experience investing in these cities?  With turnkeys?  Or any other cities you would recommend?  And perhaps cities/areas of cities to stay away from?  We're looking to stay in the B/C class neighborhoods (preferably B) and maybe in the $100-200K range.  Would appreciate any feedback here!  Thanks in advance.  

Most Popular Reply

User Stats

242
Posts
233
Votes
Jason Graves
  • Rental Property Investor
  • San Diego, CA
233
Votes |
242
Posts
Jason Graves
  • Rental Property Investor
  • San Diego, CA
Replied

@Ali Boone

If your interested in KS MO I can get you in touch w my broker. I'm finding 10% + cash on cash returns w 15-18% projects IRR w 5 year hold.

I purchased 26 units in last 14 months and I’m under contract for 26 more...

Also have great property Mgt so it’s passive. Just pm me

Loading replies...