Updated almost 8 years ago on . Most recent reply
10 turn-key properties with gross rents of $5k/month $250k
Fund managers, private equity, or investors looking for turn-key properties? Look no further than one of the hottest real estate markets, Fort Wayne, IN. $250k for 10 homes of which 7 are currently rented at $3,050 and the other 3 that are not have rent guarantees until rented. Management in place or self-manage. Think there's a lot of opportunity as well on the 2bd/1ba units as several are under market rent.
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@Bart H. I wouldn't consider Auburn, Indiana Amish country. Hardly any Amish live in the city of Auburn. It's my hometown. As far as not being able to get to it I would have to disagree I can take I-69 and visit my father in NW Indianapolis in about 90 minutes. Most commutes found in Dallas, TX would take 90 minutes just to get around in the city and go 15 miles. I can be anywhere in Fort Wayne N, E, S, or W in 20 minutes.
It's not a high appreciation area you won't see a ton of appreciation, but I think each market has it's pro's and con's and Fort Wayne is great for those looking for cash-flow and not the high barrier to entry that you would find in some suburbs like Dallas, Atlanta, Los Angeles, NYC, or Chicago.