Good markets to invest in turnkey MFH under 200k

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Good markets to invest in turnkey MFH under 200k

Dibyendu Mukherjee
Member since 2022 · 13 posts · 9 votes

Hi All,

I am a beginner looking to invest in a rental cash-flow turnkey MFH with a reasonable yoy appreciation. I'm looking in Columbus, OH primarily, are there any other markets to consider? I was thinking about Detroit, MI, but I'm just not sure of the current state of the market and the demography and whether it will be a good market in the future. Any suggestions?

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Travis Biziorek
Investor · Arroyo Grande, CA · Member since 2014 · 1k+ posts · 1k+ votes
3y

Hey Dibyendu, happy to talk Detroit shop any time.

I have 12-doors there and am very active in the market while living in California.

I'm massively bullish on Detroit's future and growth, and there are a lot of reasons to be. I always suggest folks Googling and watching the mayor's "State of the City Address" for a quick primer on all the impressive stuff happening in Detroit.

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  • Travis Biziorek
    Investor · Arroyo Grande, CA · Member since 2014 · 1k+ posts · 1k+ votes
    3y

    Hey Dibyendu, happy to talk Detroit shop any time.

    I have 12-doors there and am very active in the market while living in California.

    I'm massively bullish on Detroit's future and growth, and there are a lot of reasons to be. I always suggest folks Googling and watching the mayor's "State of the City Address" for a quick primer on all the impressive stuff happening in Detroit.

    1Reply
  • Robert EllisBusiness Member
    Developer · Miami, FL · Member since 2014 · 3k+ posts · 1k+ votes
    3y
    Quote from @Dibyendu Mukherjee:

    Hi All,

    I am a beginner looking to invest in a rental cash-flow turnkey MFH with a reasonable yoy appreciation. I'm looking in Columbus, OH primarily, are there any other markets to consider? I was thinking about Detroit, MI, but I'm just not sure of the current state of the market and the demography and whether it will be a good market in the future. Any suggestions?


     If you are wondering where you can purchase duplexes under 200k you can find that on by just looking online nationally. I think part of what you should do is talk to agents in those markets and see who you feel comfortable with. here in ohio and more specifically columbus if you need a contact here 

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  • Remington LymanBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
    3y
    Quote from @Dibyendu Mukherjee:

    Hi All,

    I am a beginner looking to invest in a rental cash-flow turnkey MFH with a reasonable yoy appreciation. I'm looking in Columbus, OH primarily, are there any other markets to consider? I was thinking about Detroit, MI, but I'm just not sure of the current state of the market and the demography and whether it will be a good market in the future. Any suggestions?


     Columbus, Ohio is a great market to pick up rental properties because of the lower home prices and demand from renters. JPMorgan Chase, Nationwide, Honda, L Brands, Huntington, and Amazon are just a few of the many companies that have thousands of jobs in the city.

    [email protected]614-541-8475Podcast Guest on Show My Job Laid Me Off, So I Replaced My Salary with Rentals
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  • Jimmy LieuBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2019 · 3k+ posts · 2k+ votes
    3y
    Quote from @Dibyendu Mukherjee:

    Hi All,

    I am a beginner looking to invest in a rental cash-flow turnkey MFH with a reasonable yoy appreciation. I'm looking in Columbus, OH primarily, are there any other markets to consider? I was thinking about Detroit, MI, but I'm just not sure of the current state of the market and the demography and whether it will be a good market in the future. Any suggestions?

    Hi Dibyendu, I personally love Columbus Ohio and as someone who works with a lot of out of state investors - there's so many catalysts for why you should invest here. Specifically, there's job growth (Intel, Honda, Amazon, Nationwide, etc) and the population is growing (unlike Cleveland or Cincy). I really see Columbus Ohio as an extremely safe bet for the next 10-20 years. Plus, there's still so many positive cash flowing and 1% deals here in Columbus Ohio. As a local investor and agent here in Columbus, let me know if you have any questions or want to connect!
    [email protected]614-300-7535
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    1Reply
  • Dibyendu Mukherjee
    OP
    Member since 2022 · 13 posts · 9 votes
    3y
    Quote from @Travis Biziorek:

    Hey Dibyendu, happy to talk Detroit shop any time.

    I have 12-doors there and am very active in the market while living in California.

    I'm massively bullish on Detroit's future and growth, and there are a lot of reasons to be. I always suggest folks Googling and watching the mayor's "State of the City Address" for a quick primer on all the impressive stuff happening in Detroit.

     Thanks all, I'm doing a bit more research and I have connected with some of you to learn more about this.

    0Reply
  • Dibyendu Mukherjee
    OP
    Member since 2022 · 13 posts · 9 votes
    3y

    What are some good sources to find the following information about a market:

    1) Current condition

    2) Future growth

    3) Current industry

    4) Demography

    0Reply
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