New to real estate investing and eager to jump in

[Tona Sanchez]

Hi all, I’m looking to purchase my first out of state investment property and focusing on turnkey rentals to keep things simple. I’m targeting single family homes in the $100K-$150K range where I can put 20% down and finance the rest. While I’m relatively new to real estate investing, my main goal is to cash flow - even if it’s just a small positive cash flow to start.

I’m currently exploring Indianapolis, Cleveland, and Oklahoma City due to their affordable property prices and strong rental demand, but I wanted to reach out to this community for advice. Are these locations a good fit for my investment goals? Or are there other markets that you’d recommend for a first-time investor with my budget? 

Appreciate any insights - thanks in advance!

[Min Zhang]

Hey Tona, Cleveland would be a great market for you. I have experienced cash flow anywhere from 10-18% with so much more to offer. $100-$150k SFH is achievable in Cleveland. You're looking at C class neighborhoods on this price range. I also have a lender that I can connect you with. Best of luck, I'm happy to connect if you have any questions!