Newbie w/ a 100k to start

Newbie w/ a 100k to start

Rental Property Investor · CA (orange county) · Member since 2019 · 67 posts · 20 votes

Hi BP Family!

I want to start investing in RE to build a good cash flow. I'm not looking for flips since I never did this before, have no experience at all in this field but I do have access to 100k to start. I live in California kind hard to find cash flow properties here so I thought buying my first rental using a turn key company to buy out of state and start learning as we go.


I would like to know from you guys ( pros ) any ideas to start building a cash flow portfolio. I can't manage properties at this time by myself specially OOS. I'm a business owner, work long hours everyday but later on I want to make RE my primary source of income. Any advice will be appreciated.


Thank you guys and have a great day!

2Reply
75 views

Most Popular Reply

Nathan GesnerBusiness Member
Moderator
Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes
7y

Check out James Wise of Holton-Wise in Cleveland. Even if you don't use his services, he's a good example of someone that's hustling to help out-of-state investors make a good return on their money.

You can also read "Long-Distance Real Estate Investing" by David Greene. He gives you all the information you need to set up a team that can help you invest in other states.

The DIY Landlord Book4.7248 Reviews
See this reply in the discussion

28 Replies

Jump to latestLatest
  • Real Estate Coach · Venice Beach, CA · Member since 2012 · 6k+ posts · 3k+ votes
    7y
    Originally posted by @Mike Anderson:

    @Ali Boone would you care sharing some of your turn key knowledge and experience with me?

    Sure. Message me anytime. 

  • Rental Property Investor · CA (orange county) · Member since 2019 · 67 posts · 20 votes
    7y

    Decided to go turn key to start, doing  researches on turn key companies If you bought your property from them  please leave a feedback. It will help a lot! I'm on the waiting list for Mid South home buyers ...

Join the conversationCreate a free account to reply, vote on answers and follow this thread.