Out of state Turnkeys??

[Tyler Smith]

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??

[Jay Hinrichs]

buying rentals out in the mid west north east deep south are pretty much interchangeable given price and rents.

but don't kid yourself  its not like investing in mutual funds or a reit.. it takes work to buy and to manage long term.

if you buy at the top end of the market in most of these areas you will do just fine over time.. just don't get sucked into buying on the bottom end of the price points.. those will have the toughest tenants lots of turn over and damage etc.

so just be cautious but yes it can be done..   Although you don't have to go any farther than rural WA to find deals that will cash flow you may have to put a little more down but they may be a little easier to manage.