Updated almost 6 years ago on . Most recent reply
Not seeing the 1% rule with Turnkeys in Birmingham Al
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
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James Wise
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James Wise#3 All Forums Contributor
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- Real Estate Broker
- Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
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