Turnkey Rental Properties

[Jason Brown]

Hi everyone, I'm fairly new into real estate investing (started to read some books, articles and etc.) but want to dive into single family rental properties as a start. A little about myself, I'm in my mid-twenties and work in finance. I'm fortunate enough to have about 100K saved up but haven't really done anything with it besides putting it in money market accounts and some into stock index funds. 

My parents live in a small rural part of Virginia and I know the neighborhood pretty well since I grew up there and have been doing some market research over the past few months. I think this is where I would like to get started. Only problem is I work in Boston and would definitely not have the time or patience to follow through a BRRR strategy. On average, I work between 90 to 100 hours / week at my job.

I wanted to get everyone's thoughts on turnkey rental properties as a source of passive income and if this strategy would be beneficial for me. I've read some articles and have been getting various opinions on this strategy. Thank you in advance. 

[Cassi Justiz]

@Jason Brown

I think turn-key or light rehab properties are wonderful places to start for new investors. The BRRR strategy is wonderful, but it definitely requires time and effort until you have systems in place to manage that process. I personally love buying houses that are just ugly enough that they won't appeal to the average retail buyer, but not ugly enough to need a full major rehab. Usually with these types of houses you can throw on some paint, new flooring, and clean up the yards to have a perfect rental property.