Top Turnkey Markets 2021 ( ~ 100K)

[Mragank Yadav]

Hi All

I am a new investor (looking for my first investment home) and have been lurking around the threads here for a while.

I am looking into Turnkey homes and would love your inputs into the markets and preferably some turnkey providers.

I am looking to build a portfolio of atleast 3-5 homes in the next couple of years and can do homes around 80-100k if 25% down is needed.

I currently live and own a primary home in Seattle and given how even a 2bd costs a million dollars here, I am looking for out of state investment homes. Happy to answer more questions and get your recommendations.

[Account Closed]

@Mragank Yadav 

Welcome to BP and the forums - and taking to the next level with engaging the community!  There are many markets out there that still have inventory for cash flowing properties.  What you will find is that lots of investors want to focus on "hot markets" - which is great, except when you see home prices increasing exponentially and rents not quite keeping pace - you start running into properties that aren't quite cash flowing.  

There are still many great markets that you can invest in - even with keeping your budget around $80-100k.  On single family, you may only need 20% down, although with lending these days and recent changes to Fannie and Freddie it DOES sometimes make more sense to bring more to the table for a lower interest rate (25%).  

As you can imagine, I work with many investors in the Seattle market as well as folks all over the world for that matter that are looking for other markets to invest in.  Here are some of the markets I would have you look further into - keeping in mind I am assuming you are looking for cash flow and want to keep those investment levels at 80-100k.  (1) Alabama - specifically the Birmingham area - this area has seen some recent growth - home prices are rising and demand is rising - but there are still some great cash flowing investments to be found (especially in the outlying areas of Birmingham - like Adamsville)   (2)  Tulsa, OK - another market with a good job market, good population growth, and affordable housing.  (3) Quad Cities - this is where Iowa and Illinois meet (separated by the Mississippi River) - you will can find affordable properties in this market as well that are cash flowing - Rock City, IL, Davenport, IA Bettendorf,IA  and Moline, IL.

Bottom line is - there are still some great markets to research and find some great investment opportunities!