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Updated over 4 years ago, 03/31/2020

User Stats

50
Posts
17
Votes
Tyler Smith
  • Knoxville, TN
17
Votes |
50
Posts

Out of state Turnkeys??

Tyler Smith
  • Knoxville, TN
Posted

My whole goal is to have a small group of rentals that can give me passive income for the rest of my life. I live and work a little north of Seattle where essentially homes start at $350k and the 1% rule doesn't really exist, in most cases rents would be less than what my mortgage would be. If I wanted to do any sort of BRRRR, House Hack or Live-In-Flip (which I was planning on doing) I would have to move 2 counties away which would make my commute 2+ hours. In no way am I saying investing in Seattle is impossible, but with my current situation it doesn't seem to make sense. So my question is, are turnkey rentals from a reputable company something that would be a good idea? I understand this is an extremely passive way to invest, but with my main goal being steady cash flow the numbers seem to be much more attractive than anything I can find in Seattle. Any thoughts??

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