Turnkey vs buying rent ready through a realtor
Hello BP,
I live in Houston and am looking to buy my first income property. I'm planning to buy and hold and plan to use a property manager. I'm military and move regularly so I want a hands off investment. Naturally, I've been looking at turnkey companies buy have also been thinking of contacting a realtor to find a home that doesn't need a rehab and is ready to rent. Searching on HAR, I've found a few that are already tenanted. My thought is that I may be able to capture more equity if I find a deal outside of a turnkey provider. Thoughts or advice anyone?
More info- I'll be using conventional financing, 20% down. I'd like to invest ~25K, so a property in the 100k price range. Thanks in advance.
James