Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

14
Posts
2
Votes
Ken F.
  • Investor
  • Austin, TX
2
Votes |
14
Posts

Advice on Turnkey cities (Memphis, Indianapolis, and Kansas City)

Ken F.
  • Investor
  • Austin, TX
Posted

Hello All, Id like to hear some opinions/advice on my current rationale in determining where to pursue my first out of state turnkey purchase.  (I want to keep my purchase under $100K)

My first step - determine my market (narrow done to one).  I am down to three - Memphis, Indianapolis, and Kansas City.  My research tells me Memphis may have the best overall cash flow, however not the population and job growth (or appreciation).    Indy seems to have continued growth; an overall better location for a long-term investment (with appreciation).   Lastly, KC seems closer to Indy...however I have not found anything that makes KC stand out over Indy.

Question - should my price range ($60-$100K) determine the better market for me?  Am I underestimating Memphis for not being a booming growth city, and I am overestimating Indy for appreciation (such that my purchase would be on the lower end and not be overly significant) and I am missing something in KC that I have not uncovered? 

really looking forward to some your opinions...thanks, Ken

Most Popular Reply

User Stats

5,032
Posts
2,576
Votes
Curt Davis
  • Flipper/Rehabber
  • Memphis, TN
2,576
Votes |
5,032
Posts
Curt Davis
  • Flipper/Rehabber
  • Memphis, TN
Replied

$100k type homes in Memphis should still provide good cash flow and this is also the threshold where you will start to see some level of appreciation. Not sure how it stacks up to your other two market choices. The thing that would kill those markets for me is they have basements, you don't have that issue here in the south. 

Good luck

  • Curt Davis
business profile image
Curt Davis - KAIZEN Realty
5.0 stars
38 Reviews

Loading replies...