@Joan-Marie Pagan I agree that you will need to vet the TK companies prior to investing. What are your goals? Each TK company is run differently. If you want to PM me, I can discuss with you what I found to work in the Indy area as an OOS investor.
@Joan-Marie Pagan I'm a local investor and I come across rent ready properties.Feel free to connect. If you decide to use a company- be sure to vet them out and run realistic numbers. It's important to have an agent or boots on the ground assistance to help you stay away from bad parts of the city.
@Joan-Marie Pagan I agree that you will need to vet the TK companies prior to investing. What are your goals? Each TK company is run differently. If you want to PM me, I can discuss with you what I found to work in the Indy area as an OOS investor.
I’ve been investing with a TK company in Indy for the past 6 years and now have 10 properties with them. They’re not perfect but they are reliable, honest and returns have averaged 8%.
TK’s worked for me especially when i had a FT job and little time to give real estate the focus it needed. Now that i’ve Purchased a car wash, they continue to grow my retirement account as the rent coming in is enough to buy another house about every 13-15 months
@Hank Keller As I dig further and further into Real Estate Investing, I keep hearing advice, not to invest in anything other than precious metals bc we are set to have a shift in the next few years. The last thing I want is to have some tenants squatting in my property and me have all this money tied into a property I can’t pay for without the rental income. I don’t have wealth for backing.
Hi @Joan-Marie Pagan! My experience has been that even if there is a shift in housing, even if it is as bad as the 2008 crash, that while house values may drop (and will eventually come back), people will still need to rent and as long as you are in a good market, and your properties are managed by a good team, you should continue to make cash flow.
A good market for me includes at least 1Million population with low unemployment, good jobs, cheap houses and business friendly and fiscally responsible city / state (check their credit rating). Using these attributes will minimize risk.
A good property management team will screen tenants for the credit and job history which will minimize the risk of the example you pointed out. A business friendly city will reduce the risk of squatting. A fiscally sound city will have cash reserves which helps with vitalization projects and encouraging jobs into the city.
Taking the first step is the hardest. Let me know how i can help!