North Vancouver, BC · Member since 2018 · 4 posts · 1 vote
Hello!
Looking into an investment in possibly Chicago, Kansas city or atlanta. Considering a turn key, nervous about neighbourhoods being C class over B class. Can someone let me know the areas i should be looking for?
Turn key provider · San Jose, CA · Member since 2010 · 4k+ posts · 3k+ votes
8y
@Camila Lohr Personally I think Kansas City is the better of the 3 markets by far. Atlanta has strong job and population growth but the cash flow and COC returns are low. The train left the station there several years ago, Prices are too high now for it to cash flow. Chicago has virtually no job or population growth, has high property taxes and Illinois is not a landlord friendly state. I might be biased towards Kansas City but I think the matrix below will show you why I think it's a much better market. I'd be happy to share my insights on KC if you'd like.
Turn key provider · San Jose, CA · Member since 2010 · 4k+ posts · 3k+ votes
8y
@Camila Lohr Personally I think Kansas City is the better of the 3 markets by far. Atlanta has strong job and population growth but the cash flow and COC returns are low. The train left the station there several years ago, Prices are too high now for it to cash flow. Chicago has virtually no job or population growth, has high property taxes and Illinois is not a landlord friendly state. I might be biased towards Kansas City but I think the matrix below will show you why I think it's a much better market. I'd be happy to share my insights on KC if you'd like.
Real Estate Investor · Arlington, VA · Member since 2012 · 300 posts · 277 votes
8y
Every market has investment potential, but different strategies are called for for different markets. Atlanta is BOOMING with making money (I have a 2 day intensive all about the Atlanta Market in April), while people think its cash poor. Lol, whatever. All that you mentioned can work with the right strategy.
Investor/RE Broker · Eugene, OR · Member since 2014 · 3k+ posts · 968 votes
8y
I like NW Indiana (part of Chicagoland, but has the lower taxes and more landlord friendly laws of Indiana and KCMO for turnkey right now. These preferences are also driven by the teams that are available there. I believe working with the right team is even more important than picking the "right market." And I totally agree with Mike about Atlanta.
Residential Real Estate Investor · Kansas City, MO · Member since 2014 · 10k+ posts · 5k+ votes
8y
If you're looking for cash flow, you'll have better luck in Kansas City. That being said, Atlanta and Chicago probably have a higher appreciation potential. But since "potential" isn't guaranteed, I like to focus on cash flow.