New to Real Estate Investing - Turnkey

[Juan Lozano]

Hello fellow investors! Just want to say hello and get a few ideas from you. I been wanting to be landlord for many years and I know that this year, I will own my first real estate investment property. I have read books and listened to many Podcast and I have overcome the fear of not going for it. I know that I am looking for cash flow for the future. I live in Los Angeles, so as we all know, the houses are pretty pricey. I began looking into turnkey properties, within the last two months, and it seems like the way to go. I have reviewed the website turnkey-reviews.com and it seems to good to be true, but at the same time, I have read stories where I have second thoughts, but those stories can happen in my own backyard. I was thinking of buying my first rental home in the following cities, since I have family there: Phoenix, Chicago or San Antonio. What are your thoughts in these cities? What would you recommend in a Turnkey company? By the way, Love reading the blogs of the experience of different investors! Thank you in advance!

[Alex Craig]

@derek 

@Derek Carlson I heard a guy speak at a real estate event I was invited to speak.  From what I understand is that the property taxes are reassessed every 3 years.  If values go up, so do your taxes.  Within that presentation, this guy was talking 3 to 6% year over year appreciation on his properties.  I would think for Chicago properties to consistently cash flow well, you would need to increase rents consistently as taxes will go up and insurance always goes up.  That is why I like linear markets.