All Forum Posts by: Winston Eastman

 Thanks for the input Bob. If I know anything, experience speaks volumes. David Greens book got me excited, but I also didn't think that he probably had a good amount of experience and capital before investing out of state. I live in Washington State and am trying to find a way to acquire an asset or two to be able to afford a home here. 

Cheers!

Awesome advice. Thanks so much for your input. I'm still trying to figure out calculating rehab costs when examining property. It seems a lot more expensive for even a bare bones rehab than I anticipated. But also maybe not. Still learning! 

I'm new and interested in purchasing my first property as a long term rental in the next year. My plan is to get a conventional loan for 100k and purchase out of state. It seems like a turnkey property would make sense since I don't know if I would be able to to afford a rehab, but I have also heard it's better to do a rehab and build equity that way. Just wondering what some experienced people have to say about one or the other. 

TIA Cheers!

Hi all,

I want to invest in a rental property out of state. It will be my first time buying a property. I was just wondering what makes an investor want to purchase a property to rehab vs. buying a move in ready property. My budget is small and it seems easier to buy a turnkey property to start out. But David Greene suggests those aren't necessarily a safe move and to do the work yourself. Just wondering what some have experienced with these two options and why they like one over the other.

Thanks in Advance and cheers!