Not seeing the 1% rule with Turnkeys in Birmingham Al

[James Runkle]

I am looking at SFR turnkey properties in Birmingham, Al area. All the properties being offered are closer to .08% for monthly rental.

Just wondering if I should look elsewhere. I need turnkey for a 1031 exchange, then go from there. Also, good property management is important.

Thanks for listening

[James Wise]

Originally posted by @James Runkle:

I am looking at SFR turnkey properties in Birmingham, Al area. All the properties being offered are closer to .08% for monthly rental.

Just wondering if I should look elsewhere. I need turnkey for a 1031 exchange, then go from there. Also, good property management is important.

Thanks for listening

If you're looking to exceed the 1% rule in B-Ham perhaps you need to move down an asset class level. You may be looking at B grade properties. Check out some C grade properties. For more info on the differences and risks associated with going down a level you'll want to check out The Ultimate Guide to Grading Birmingham Alabama Neighborhoods