1% return markets for OOSI

[Kyee Bo]

I am a Canadian who will be getting a green card soon and would like to invest in a US market where the “1% rule” is readily achievable. I usually flew to the US every other month before COVID.. I have other criteria such as Cash on Cash of at least 6%. Looking for properties in the 100-150k range that cash flow $300/month after mortgage, repairs, property management etc. Ideally I would like close to turnkey but would not mind 5-10k in renovations.

I am wondering if my standards are realistic? Is there a market in the US where this can be readily achieved?

These are my markets in order of preference:

1. Tampa

2. Indianapolis

3. Cleveland

4. Kansas City

5. Oklahoma City

What do you guys think? I’m just starting out.

[Joseph Crunkilton]

@Kyee Bo

I would recommend checking out @Zach Lemaster over at Rent to Retirement. They focus on turnkey rentals in markets with good cash flow and appreciation. 

I recently just closed on a property with them. What impressed me was the quality of rehab, cash flow, and the ease of closing. Now I have a tenant in place and am excited to buy another. 

I'm happy to discuss my experience in depth. Feel free to reach out!