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Updated about 9 years ago,
Questions and interest in turn-key properties
I'm new to the site and have been pouring through the content for the past two weeks.
My wife and I are interested in out-of-state rental investment opportunities (we live in the Southern California) and need to match the right market and team with our goals.
Our position:
- We are focused on long term buy/hold investments
- Good neighborhoods are KEY (I don't fully appreciate the rating scales yet A, B?)
- Financials must calculate
- Prefer 20 year mortgage terms
What we (think) we need/want:
- Turn-key properties
- Favorable local market conditions and trends
- Local team of proven professionals (there seem to be plenty of folks that are more marketer than player)
- Steady stream of rental income in 20 years
First steps: Where should we be looking – Who should we be taking to?
If we choose to buy multiple SFR's, do you diversify markets, or find a team you trust and stick with them?
Cheers - James