Starting Out
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 3 years ago,
25K to Invest Passively & Longterm, Is Turnkey my best bet?
TLDR: Student & Employee looking to passively invest 25K by June 2021 for long term (appreciation focused, cashflow unimportant). Currently heavily considering Turnkey investing. A) Should I consider anything else in Real Estate Investing for passive long term? B) Which Turnkey companies should I go with? (Personally I like Doorvest's model) Thank you so much for your help and time!!
Who am I: Hello All, My name is Cody David, I am 20 years old currently going to SDSU (living in San Diego, CA) and employed as a marketing specialist. I would like to better establish my career (keep the main hustle the main hustle). I have been saving up for a long time and investing what I can into the stock market through ETFs, REITs, and REIT ETFs. After listening to Brandon & David, I see that Real Estate is a powerful way to set up a safe future for me and my family. We have never been wealthy and I am doing all that I can to change that. This is my first step (my truck vacuuming I guess) to real estate investing. I just created my account and thought that I would reach out to this wise community for advice.
Numbers: I currently have 25K saved up that is ready to go into Real Estate and my goal is to be invested by June 2021. As a full time student by day, and full time employee by night, I have very limited time to manage a rental property, but I would like to put these savings to good use. I already have an emergency fund and losing this money will not hurt me as my W-2 job will keep me afloat.
Goal: After listening to the podcasts, it seems like turnkey investing would be the best fit for me. However my plan is long term appreciation and I understand that plenty of turnkeys do not give you that appreciation as their main focus (typically) is cashflow. I am open to start the process of looking for a partner who needs funding as that seems passive as well.
Questions:
A) Should I consider anything else in Real Estate Investing for passive long term? (Syndication, Real Estate Fund, More REITs, Funding a partner)
B) Which Turnkey companies should I go with? (If you believe that this is a good fit)
For each and everyone of you, thank you for your time in even reading this post. I understand that your time is important, especially if you are on this website, and I truly appreciate even a simple comment that will contribute towards a better life for my family. Please reach out at anytime.