Turnkey out-of-state rental properties
2 Replies
Ben Redlich
from Lockport, IL
posted 24 days ago
I was wondering if anyone has any input or experience with investing in out of state turnkey properties. I am trying to save for a primary residence and an investment property at the same time. I don't have enough for 20% down in my current are and the cash flow I would want is not probable in my area either. I do know that in other states, that is achievable, so it sparked my interest and I would like to know what everyone has to say about it. Thanks
Joseph Schweizer
Investor
replied 24 days ago
Hi @Ben Redlich !
I made my first real estate investment in October of 2020. I went the out of state turnkey route (see post below). I would be happy to share more or answer any questions you might have about my experience going through the process.
https://www.biggerpockets.com/...
Best Wishes!
Aj Parikh
Rental Property Investor from Centreville, VA
replied 24 days ago
Similar to you, I started my out of state investing with a turnkey property. I purchased a SFH in Cleveland, OH with Martel Turnkey. They have a good operation there and they are very much in demand the last 6 months. Let me know if you want to connect and chat about the purchase process.