Turnkey as a House Hack
Hi, my name is Dominique,
I am both new to bigger pockets and to real estate investing. I am working on trying to get my first property. I am currently working on a contract nurse, traveling the country. Right now I am a renter myself, I have good credit but not much savings. I was thinking to house hack my first property however, I am really uncomfortable with major repairs and bad neighborhoods. I also do not have a specific area I am searching for I am from Texas so I was thinking Houston but I have had trouble finding deals. I am open to other cities with good deals.
My question is weather or not working with a turnkey company is good for a house hack. I know that they are usually higher priced but they do not need repairs and are usually A-B properties. My plan is to purchase a multifamily, do an FHA loan and live in it for some time while saving up to for another.
Does anyone have suggestions or concerns . Also if you could recommend some good turnkey companies, I would appreciate it. Thank you.