Rental Property Investor · SF Bay Area · Member since 2016 · 234 posts · 103 votes
Hi BP community,
I hope everyone’s having a great start of the year
Wanted to get your insights on what market will be cash flowing for either turnkey or SFR. My plan is to finance and put in 20% down, have the property managed by a property manager and I manage remotely from California. I paused on my real estate in 2020 and planning to make my moves in Q2, I'm in my recon and planning stage right now.
I also have a real estate group in FB focusing on the Cleveland market, amazing group but I also wanted to get other opinions for those who achieved some success in other areas. Thanks in advance.
Unfortunately the real question of 2021 for turnkeys isn't which markets will cash flow, but which ones actually have inventory. Turnkey inventory is majorly strapped right now because of all the foreclosure moratoriums preventing access to foreclosures for the turnkey providers to fix up.
There are a lot of markets that can cash flow- Chicago, Cleveland, Kansas City, Indianapolis (although it's getting tighter there), Harrisburg, Birmingham, OKC, Memphis, Jacksonville, Baltimore... But some of those markets are mostly out of inventory (Chicago) or on wait lists (Baltimore) or selling out the minute the properties hit their email lists (Harrisburg, Cleveland, Indy, etc.)
Do you have any other criteria for a market other than whether or not it cash flows? What's your budget and/or preferences for a property? Can make some recommendations for markets that have TK providers with available inventory that fits. Or if you're waiting until Q2 to buy, I'd wait to know exactly who will have inventory then, because it's changing all the time right now.
@Ali Boone I am just trying to suggest turnkey providers that I have worked with. I have personally been able to help multiple investors by talking with them on the phone or walking them through my purchase process which has helped some. I don't get paid to promote any of these providers so I don't have any vested interest. Just trying to help out new investors if they are looking to buy turnkeys in the markets I bought in.
YOU DO GET PAID FOR REFERRING CLIENTS TO MARTEL!!!
Aj, I think this is very dishonest for you to say you don't get paid for referrals for Martel when you clearly do. You've told me on private message, and over email that you do receive referral commissions for referrals to them. You had asked me to connect over a private message to talk about your experience, and then of course my information was sent to Martel and now I receive all their marketing emails. I have spoken to many investors that have not had a good experience with them, so I will not be investing with them. I asked them directly if they pay you for referrals, and they said yes. When I asked you over email if you did, you said yes, so I don't know how you can say you don't here as that seems to be very inaccurate. Then you asked me to leave a review for you which is crazy because there is no review to leave expect that you passed my information on to Martel in hopes that you would receive compensation for that. I'm pretty sure this is against BP rules! It is important that the community knows your true motives here.
@Jon P. I apologized on this post earlier if you see. I even told you over email that I would be eligible if you close on a property. Regardless, I get everyone's point here and I have accepted my mistake. Wouldn't do it again.