Long Distance Turn Key Rentals

Buying & Selling Real Estate
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Long Distance Turn Key Rentals

James E. Krause
Rental Property Investor · Northern Virginia · Member since 2018 · 8 posts · 4 votes

I live in Northern Virginia and I am looking to invest in turn key properties in a few markets in other states.  I would like to connect with other local investors who are already investing in long distance properties.

Many of the local REIA groups seem to be focused only on the local markets. Does anyone have any suggestions for connecting locally with other investors who own properties in other states. Thank you!

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Chris ClothierBusiness Member
Rental Property Investor · memphis, TN · Member since 2009 · 2k+ posts · 3k+ votes
8y
Originally posted by @James E. Krause:

I live in Northern Virginia and I am looking to invest in turn key properties in a few markets in other states.  I would like to connect with other local investors who are already investing in long distance properties.

Many of the local REIA groups seem to be focused only on the local markets. Does anyone have any suggestions for connecting locally with other investors who own properties in other states. Thank you!

 James - Welcome to BP!

What you posted is the best way to start the process of meeting other local investors.  Be sure and keep posting here looking to connect and the best way to do it is to offer to buy coffee, breakfast, maybe lunch, dinner or a beer.  Offer to buy an investor coffee in return for just sharing their process, their thoughts and their experiences.  List the cities that are near you and let them know you'd be willing to meet them close to where they are if you are willing to travel a little bit.

These little meetings which cost you a few bucks, will be the best meetings you could have for learning how other investors have bought out of town.  They will go a ong way to helping you develop your own process and you can do it all by posting right here on BP.

Good luck ~

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  • Daniel HymanBusiness Member
    CPA · Milwaukee, WI · Member since 2016 · 2k+ posts · 1k+ votes
    8y

    @Andrey Keller

    Get in touch with @Bernard Reisz who works with many custodians to set these up. He is an expert in SDIRA/401(k) compliance. I know he offers free consultations as well.

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  • Jeff Schechter
    Developer · Nashville, TN · Member since 2016 · 484 posts · 406 votes
    8y

    We are doing very well with TK in Indy... PM me if you want more info about what's going on here.

    0Reply
  • Andrey Keller
    Member since 2018 · 18 posts · 3 votes
    8y
    @Daniel Hyman thank you for referral!
    0Reply
  • Andrey Keller
    Member since 2018 · 18 posts · 3 votes
    8y
    @Bernard Reisz thank you for explanation! Do you have any recommendations for somebody who is new to this on which option to go with?
    0Reply
  • Bernard ReiszPro Member
    CPA delivering RE Tax Tools: 1031 Exchange, SDIRA, 401(k), Cost Seg · New York City, NY · Member since 2017 · 581 posts · 563 votes
    8y

    @Andrey Keller

    Glad to assist. 

    With all things financial, it's about making an informed personal choice. Every option has its merits, but outlining all those exceeds what can be posted on a forum. I'd be glad to discuss with you offline. BP has a messaging system that can be used for this purpose.

    I'll be doing a webinar with @Aaron Merriman next week that should provide lots of helpful info. I expect he'll posting details about it in the BP marketplace.

    [email protected]
    1Reply
  • Aaron Merriman
    Investor · Long Beach, CA · Member since 2016 · 237 posts · 56 votes
    8y

    Thanks @Bernard Reisz I am looking forward to the webinar.  Below is some additional information for those interested.

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    1Reply
  • Amy McArthur
    Investor · Fort Walton Beach, FL · Member since 2014 · 13 posts · 1 vote
    8y

    @Tal Simpson  Are there any turnkey companies that you recommend in Birmingham?  I am interested in that area.

    0Reply
  • Tal Simpson
    Rental Property Investor · Birmingham, AL · Member since 2017 · 53 posts · 56 votes
    8y
    Originally posted by @Amy McArthur:

    @Tal Simpson  Are there any turnkey companies that you recommend in Birmingham?  I am interested in that area.

     Hi Amy, just sent you a private message

    0Reply
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