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Updated over 6 years ago,
Single family, multi family, or turnkey properties
I am 20 years old and live in the Los Angeles area. The market in my area is extremely expensive especially in areas with low crime rates (the areas I would want to own property). I would prefer to own a multifamily property but in my area, I don't see how that could be possible because of the price of the market. This brought me to the idea of investing in turnkey properties however, I don't know if this is the right choice for me. I would like to continue to invest in rental properties for a long period of time and buying a turnkey property wouldn't allow me to gain experience as far as owning and managing rental properties. At the same time, I am eager to start investing and this could allow me to invest out of my area because they would provide management. Any suggestions would be extremely appreciated.