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Updated about 6 years ago,
Looking for best cash flow markets to buy rentals (SFRs)
Hello, I am new to BP but an experienced investor with 8 rental properties in Las Vegas. I also flip 1-2 times a year when the opportunity presents itself.
I am interested in doing a 1031 on one of my Vegas properties and buying 2 properties with the proceeds in another part of the country. I will have about $180K to work with, and can add a little cash if necessary. I have been researching markets and the ones that seem to stand out are Indy, Memphis, Jacksonville, Cleveland, Pittsburgh, and a few others.
I would like to get some feedback from the forum on suggestions on which markets are most favorable, and which turnkey companies are the best in those markets. I am familiar with Roofstock (not a true turnkey I know), Morris Invest (I have a scheduled call upcoming with them), and have contacted a couple of local turnkey providers in Indy and Memphis.
My goals are long term cash flow and to be in an area with lower property taxes. Would prefer to stay out of D class neighborhoods.
Thanks everyone, and I look forward to seeing your responses.