Advice for Military Member interested in a Turn Key solution
Hello Bigger Pockets!
I'll cut right to the chase so here are the facts:
- I am in the Coast Guard.
- I have one rental in the State of Maine for the past 1 1/2 Years which used to be my primary residence. I have been doing well and the experience has been great.
- I now live in NJ.
- I have no debt other than the mortgage on the rental, and I have disposable income to invest.
- I have no qualms with being an Out of state Land Lord, what matters to me is a good opportunity. Anything I buy will end up being out of state in time due to Transfers.
- I want to utilize the buy and hold method as the primary way to invest, but I am open minded.
- I would like to purchase properties in the 30K-60K price range... for now.
- My skill set is in the Electrical field.
Those are the facts about my situation, so here is my Question:
Moving every 2-4 years has certain disadvantages to the game of Real Estate. To overcome these disadvantages I have been looking into Turn-Key solutions. What advice can the community throw my way to help overcome the biggest challenges I have?
- 1. What markets do you recommend? The reality is my fishing net is pretty wide. I am not tied down to any one place.
- 2. Should I even use Turn-Key? It seems to be heavily debated.
- 3. Building trust and finding a good property manager. I know they are not all bad, does anyone have suggestions.
I know that my fishing net is too wide, but because of my circumstances, i am starring out into an ocean of opportunities and need to narrow it down to only one fish.
Thank you in advance, and I am appreciative of all and any advice.
Brandon