Top Markets For Buying Turnkey Rental Properties

Top Markets For Buying Turnkey Properties

So You Don't Have To Search!

If you’re considering to increase your cash-flow this year, we can save you time by finding the best turnkey investment properties for rental income. Our turnkey properties are located in some of the hottest housing markets in the US at the moment. We operate in several growing rental markets across the US that currently have everything investors should look for.

Choosing the best real estate markets for turnkey property investment is the most important step. If done wisely, it can generate passive income, significant tax benefits (being an income property), and build equity from price appreciation over the years. We can assure you that investing in our turnkey properties can help you generate good cash flow and a stronger ROI.

You can easily buy an out of state turnkey rental property without having to live in that state or handle the management. This process also helps you as an investor to diversify your portfolio of rental properties. For example, if you live in New York City and cannot afford to buy a rental property, you can diversify your investment portfolio and still generate passive cash flow by buying rental properties in a distant but more affordable real estate markets such as Atlanta, Dallas, Birmingham or Indianapolis.

Take a look at some of the best real estate markets given below and give us a call to get you started in expanding your turnkey investment portfolio.

2 Properties

Austin, Texas

The Lone Star State

  • Strong local economy
  • Growing population
  • Influx of out-of-state buyers
  • City with the highest share of luxury homes
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10 Properties

Birmingham, Alabama

8th Hottest Housing Market for 2014 (CNN/Money)

  • Winner of the 2021 World Games.
  • Law, medicine, nursing & engineering.
  • Capitalization rates up to 15.0%.
  • Ranked #2 for lowest property taxes.
  • 2014 median price increase of 12.8%.
  • 3-year appreciation forecast of 10.6%.
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1 Property

Buffalo, New York

City of Good Neighbors

  • Second-largest city in New York
  • High affordability & exceptional job market
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10 Properties

Cape Coral, Florida

Top 10 MSA for Fastest Job Growth (Bloomberg, Aug 2016)

  • Diverse economy, and stable market.
  • Home to 32 Fortune 500 companies.
  • Over 50% of the population rents.
  • Newly built SFD and duplex properties.
  • Solid blue-collar areas with high rents.
  • High private sector employment.
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4 Properties

Charlotte, North Carolina

Charlotte is the largest community in North Carolina.

  • Tops the U.S. in millennial population
  • 2nd-largest city in the southeastern US
  • 3rd-fastest-growing major city in the US
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8 Properties

Chicago, Illinois

Third Largest Metropolitan Area in the U.S

  • Diverse economy, and stable market.
  • Home to 32 Fortune 500 companies.
  • Over 50% of the population rents.
  • Fully renovated single family homes.
  • Solid blue-collar areas with high rents.
  • High private sector employment.
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1 Property

Cincinnati, Ohio

30th Largest Metropolitan Area in the U.S

  • #5 America's most affordable city (Forbes)
  • #2 city for best rental returns (CNBC)
  • One of 15 emerging downtowns (Forbes)
  • Widespread growth continues (Fed. Res)
  • Solid blue-collar areas with high rents.
  • High private sector employment.
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11 Properties

Cleveland, Ohio

Top 10 Job Market for New College Graduates (CNN)

  • Presence by 70% of Fortune 500 comp.
  • More than 400 bioscience companies.
  • Two new Amazon distribution centers.
  • Over 120,000 healthcare professionals.
  • Home to 27 area colleges & universities.
  • Home to four professional sports teams.
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20 Properties

Indianapolis, Indiana

Highest Job Growth in the Midwest

  • Ranked the #1 most affordable place to own.
  • Unemployment below national average.
  • Highest job growth in the Midwest.
  • Properties up to 10% below market.
  • 3-year appreciation forecast of 10.3%.
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3 Properties

Jackson, Mississippi

High Cash Flow Affordable Market

  • Strong cash flow and COC returns.
  • Properties from $75,000 to $100,000.
  • Up to $600/mo cash-flow (NOI).
  • Stable
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6 Properties

Kansas City, Missouri

Turnkey Properties Starting at $85,000

  • Cash flows up to $650/mo.
  • Largest city in the state of Missouri.
  • Population to grow to 2,200,000 by 2020.
  • Median prices up 11.3% year-over-year.
  • Cost of living 15.3% below U.S. average.
  • Properties up to 10% below market.
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0 Property

Lubbock, Texas

Ranked 3rd for best city for remote workers

  • Best work-life balance
  • Best city to raise a family
  • Best city for jobs and growth
  • Best city to start a business
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6 Properties

Memphis, Tennessee

Fully Rehabbed Properties with Great Cash Flow

  • High rental rates relative to price.
  • Affordable housing in non-bubble market.
  • 9 Fortune 500 companies.
  • 43% of Memphis rents vs. 33% U.S.
  • Cost of living ~10% below U.S. average.
  • Properties 10% - 30% below market.
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2 Properties

Ocala, Florida

Horse Capital of the World

  • Kingdom of the Sun
  • Fairly affordable city
  • New construction real estate
  • New job opportunities
  • Growing economy
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3 Properties

Port Charlotte, Florida

A Best Place To Retire

  • Located on the beautiful Gulf Coast of FL
  • Supreme destination for retirees
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2 Properties

Saint Louis, Missouri

One of 10 Best U.S. Cities for Real Estate Investors

  • 0% Non-recourse financing available!
  • Cash flows (NOI) up to $500 per month.
  • 88% of homes increased in value in 2012.
  • Over 2.8 million people live in metro area.
  • Properties below market, from $50,000.
  • 3-Year appreciation forecast of 9.2%.
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0 Property

San Antonio, Texas

One of the Fastest Growing Job Markets!

  • Unemployment rate below 4%.
  • A well educated productive workforce.
  • #2 recession-proof city. (Forbes)
  • Lower business & lifestyle costs than other
  • Single-family, duplexes, fourplexes.
  • 3-year appreciation forecast of 9.1%.
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Jon M.

Thanks for all that you did throughout this process. You were very knowledgeable and helpful and I will be sure to recommend Norada to anyone who is looking to get into real estate investing.

L. Giammanco

Marco has always been the most candid and trusted advisor, in bad & good, that I've had.  So GLAD I gave followed him through the years.

Dustin H.

Thank you Marco. You are doing great work and as I am just getting started I look to you and your team for guidance and mentorship through our interactions, your podcast and your online resources -- thank you for being a mentor (and you don't even know it. 🙂

Dave F.

Thanks again Marco. Norada has really been a great help to me and my family and our financial goals.

D. Ferguson

I'm real close to finalizing the first 4 homes through norada. It's been a great experience thus far.

H. Kromer

This was my first time using Norada to purchase a turnkey property out of state, and I have had a great experience working with them. Michael was great to work with. He definitely over-delivered and was invaluable to ensure the deal closed successfully.

Linnea M.

I worked with Norada to purchase my very first investment property in Indianapolis. Steve Olsen was my guide throughout the process and he was fantastic. I had a lot of "newbie" questions that he was able to very quickly help me answer. He put me in touch with their provider in Indy, and helped cultivate that relationship. They were both very knowledgeable about the Indianapolis market, the positives and negatives, and provide a great product at a good price, along with excellent customer service. Many thanks, Norada!

Kristin Y.

Norada really helped my husband and I understand in very simple terms what it means to be a passive investor, and motivate and drive us to action. We couldn't be happier with our decision to invest. We are calling this our new baby's college savings plan!

C. Horvilleur

I look forward to working with you again soon to get another property! I had a great experience and thank you!

Jim Rose

One of your current clients, Lance, referred me to Norada and it really was a true turnkey experience from start to finish. This was the first property that I have purchased and Marco guided me through the whole process. I will be buying another home in the next 4 months from Norada because I am confident in their concepts and principles in building wealth.

D. Castleberry

For my first turn-key rental property purchases I chose to go with Norada due to Marcos experience, knowledge and decent deals available. The overal purchasing experience went smoothly and Marco was more than willing to answer any and all of the questions I had, and was upfront about everything. I'll be more than likely to purchase more properties from Norada in the near future.

D. Cerecedes

I was interested in building my investment portfolio through passive income properties and really was having a hard time deciding what areas to target. I came across Norada Real Estate while listening to a real estate podcast and loved hearing about what they provide. It was a great decision to work with Norada. I couldn't be happier with the property I've acquired with positive net cash flow each month is the icing on the cake. Look forward to building my portfolio even larger!!! Thank you Norada - especially Michael!!

LeRand D.

You read my mind. That would be great and VERY much appreciated. That kind of assistance is what makes Norada a cut above the rest!

D. Jaggi

Love the quick response!

N. Suphatta

Michael Ristau has been helping me with my first property. ...he is very responsive and followed up on any question I have for him.

Greg R.

Michael did an outstanding job of talking me through the process, being available anytime I needed (which is a very important quality in this business and separated me from 2-3 other similar companies) and getting me in touch with all of the necessary contacts and local market players where I wanted to invest. The team he put me in touch with was thorough, fair, and supportive through the entire process. I look forward to working with Norada again shortly.

Anthony Dickson

Marco was a great help in helping to simplify the process of looking for an investment property. Thanks Marco!

Rami M.

Thanks Marco - it's been great. I looking forward to many more!

Mike Hambright, FlipNerd.com

Marco is an awesome guy. In our industry, it's critical that you find people to work with that are smart, credible, honest, and just fun to be around. If you're looking for those things, Marco is your man.

Ranjith M.

Marco is very knowledgeable and helpful to a starter investor like myself. He navigated us through the whole process and promptly assisted us when necessary to close on our first purchase.

Whitney W.

Marco is extremely professional and helpful. He is your go-to person for investment real estate.

Sebastian van de Poppe (Holland)

I have to say that I'm really happy with the purchase.

J. Chen

Norada Real Estate is an excellent resource for anyone looking to invest in real estate. I enjoyed working with Marco Santarelli, and he was a great help through the entire process.

S. Kornbluth

I love your setup. It makes my job a heck of a lot easier.

K. Bassett

One thing I like about your company is the ability to be in several different markets to help diversify my real estate portfolio.

Tom K.

I consider myself fortunate to have found Marco and Norada Real Estate because they have access to numerous cities and really are a turnkey operation for the long distance investor. I am looking forward to expanding my real estate portfolio and would not hesitate to use Marco and Norada again.

Patrick and Ryan M.

Want you to know that Ryan and I enjoyed working with you and wouldn’t mind acquiring more properties from you in the future.

Emily

You are awesome! Thanks for the advice and guiding me through each step.

William S.

I appreciate the continued excellent customer service and advice that was provided along the way.

Tom Kostek

Insights like yours are why people like yourself are so valuable on my team.

Brandon Laughridge

I'm a big fan of all the info you guys publish and appreciate it.

Cameron C.

Friendly staff and great communication. I always felt like I was involved throughout the process. Property closed quickly.

Cherie Anderson

Marco stepped up to the plate and became an exceptionally well versed, educated and valuable provider of quality properties and resources for anyone buying.

Paul Janerico

I am very impressed with your website and more importantly your investor approach. I like transparency and your success is proving that investors like transparency as well.

Ian Y.

I appreciate your first-rate presentations and professionalism. You are head of the class.

Tushar Puri

Transaction was pretty smooth. All my questions were handled in timely fashion and to my satisfaction. Overall, great experience.

A.U. New York

Marco is one of the smartest real estate guys I spoke to in the last four years!"

Liz Nowlin

I can't say enough about Norada's top notch, all-around professionalism. As someone who conducts business-to-business transactions, I can vouch that they are an absolute pleasure to work with.

Chris K.

I would definitely consider Norada since Marco is very active in BP. In addition, he is very responsive and knowledgeable!

Robert I.

Norada provided me with great service and they were flexible with some of my issues during the transaction process.

Ralph Franks

In the 4-1/2 years I've been looking at Real Estate companies online, I've yet to see a turn-key property company that I think is better than Norada.

Emily D.

Marco made it very easy for me as an out of state investor. His expertise in the markets makes me feel very reassured.

Mark Rosenberg, Esq.

I appreciate the great level of service that you guys gave, and will definitely keep you in mind for future deals.

Jonathan L.

The entire investment property ordeal was very foreign to me, despite the research that I was able to do prior. I want to commend Marco for being so transparent, informative, and diligent with me; you are a great businessman!

Tom Kostek

My wife and I connected with Marco and he was very knowledgeable and helpful in assisting us purchasing a duplex in Indianapolis. His network covers all aspects of the purchase with very few surprises. We are looking forward to working more with him and his team in the near future.

Bryan Dunker

The process was incredibly easy and the investment exceeded our objectives. Thank you for providing us the opportunity to hit a home run and strengthen our financial portfolio!

Sebastian Van de Poppe

I'm an investor from the Netherlands (Europe) and trust is the most important factor for me. Marco earned my trust over and over by his knowledge and his excellent service.

Patrick and Ryan M.

Marco and his team were very responsive, thorough and honest. I have already recommended them to other investors.

Tyler Caruso

Everything went as planned. Everyone Norada lined up was easy to work with. Couldn't ask for an easier transaction. I am very satisfied with my investment.

Derek Pines

Marco was professional, helpful and informative throughout my initial investment opportunity. His knowledge, guidance and support made my experience exceptional!

S. Thompson

Your company and website provide an awesome resource for the aspiring ‘turn-key’ investor.

LeRand D.

Marco is not only full of knowledge and experience, he goes out of his way to share that information by making himself extremely accessible. His patient guidance on everything from property purchasing to asset protection has made my foray into the highly stressful world of real estate investing a genuine pleasure. I look forward to working with Marco many more times in the future.

Daniel Brown

Simple process and very reliable guidance -- buying through Norada is a breeze!

E. Hauber

Your commitment to always give value to your prospects (web site tools, blog, personal time, etc.) is a terrific distinguishing attribute and sets Norada apart from other real estate firms.