Hello from Chattanooga, TN

[Amit P.]

Greetings BP!

Starting my journey into REI. I'm ultimately looking for passive income and continue with my (non real estate) career. I do not plan to spend a lot of time on it (compared to day job) therefore it looks like buy and hold is the way I need to go? A lot of material I've read says 'money is made at the buy'. I've seen a few Turnkey companies (Memphis, TN, Birmingham, AL & Atlanta, GA) which seem compelling based on my situation but from what I have seen there isn't money to be made at the buy given the markup the providers make. I'm in East TN so property prices are not too bad in this area but a lot of properties I have seen struggle to hit the '1%' mark.

House hacking isn't really as option, we're not wanting to move :). So curious if anyone has advice and suggestions that may have been in a similar situation. Any TK providers in East TN? I have spoken to a realtor in the area but that was a fail, I don't think they had the investment mentality.

I'm open to partnering upon deals but really not sure how to find those people look.  Curious on feedback on TK based on my scenario, am I missing something? Or should I be doing something differently?

[Ryan Stahr]

You should be focusing on learning your back yard. Chatt is a great place to build a rental business and there is a variety of options available to you. I wouldn't try and jump out of town just because you don't see any turnkey providers there. I have SFR's, duplexes, and a small commercial (5 unit) building in town that span from red bank to east ridge - you can find deals in a variety of price ranges and property classes.