Hi everyone, I'm looking for a turnkey property in the Cincinnati area. Can anyone recommend any companies? Preferably ones that you've actually purchased from.

My main criteria are:

1) cashflow - targeting $500/month (20-25% cash on cash). Budget is ~$30K but am flexible (so ~$150K purchase price at 20% down)

2) working with a company that has a very good reputation and experienced property managers

Thanks!

Cleveland has some great opportunities but all Midwest cities do. Cincinnati has been growing fantastic lately and I 100% think it will soon be a very hot market. I will shoot you a PM

@Jimmy L. I'm curious how you plan to generate $500 cash flow by only putting 30k of 150k (20%) into a property?

@Jimmy L. Local investor in cincinnati. I direct mail market for personal investments. I wholesale the deals I can't take down.

I work in your price point typically $120k-$180k.
B areas, usually hit 1.5-1.75% mark.
Cash on cash returns between 15-30%.

Born and raised in cincinnati and am happy to share market info in further detail.

If you'd like to chat further PM me.

Jake

@Al Perez - thanks for the offer, but I'm looking just at Cincinnati for now. Will reach out to you if I decide to consider Cleveland.

@Jessie Nunley $500/month cash flow is 20% cash on cash, which should be achievable in a few markets -- Cincinnati being one of them.

@Jake Walroth - will PM you - thanks!

In that $500/mo cash flow are you accounting for soft costs - vacancy, maintenance, cap-ex?  Further are you allowing in that $30k, setting aside some for closing costs and reserves to cover the above?

My quick analysis is you are not being realistic in your expectations of a turnkey property that would roughly cost $125k ($25 down on 80/20 loan).

@Jimmy L.    Did you end up finding a source for properties?  If so would you PM me?  Thanks!