All Forum Posts by: Michael Graystone

@Account Closed - if you were going to buy out of state, would you go with a turnkey provider or try some other approach to get better returns?

Thanks @Account Closed!

That's definitely along the lines of what I'm thinking. It's good to hear it from others. 

I'll post an update here when I start to take action. 

Hi everyone. I'm brand new to BP and looking for some opinions/advice from all of you experienced investors. 

Here's the question:

If you had roughly $850,000 cash to invest in buy-and-hold properties, and your priorities are 1) to maximize cashflow and 2) minimize risk, what would you do?

Assume you live in a market that does not cashflow well at all (New York).

Also assume that appreciation is not a priority.

Other assumptions: you have some time on your hands but zero experience in rehabs. 

You intend to hold these properties for a long time.