What are good areas for turnkey buy and hold investment

[Deepak Bhatnagar]

Greetings from Bay Area

I am looking for opportunities to invest in turnkey properties. My strategy is to buy and hold for +outlets of years and sell... looking for decent appreciation and positive cash flow. Already own one investment property in Bay Area but due to high price, wondering what you guys advice for my next investment... good credit, cash of 150-200k to invest.

Please help with your valuable advice

Regards

Deepak

[Matt Nico]

Originally posted by @Deepak Bhatnagar:

Greetings from Bay Area

I am looking for opportunities to invest in turnkey properties. My strategy is to buy and hold for +outlets of years and sell... looking for decent appreciation and positive cash flow. Already own one investment property in Bay Area but due to high price, wondering what you guys advice for my next investment... good credit, cash of 150-200k to invest.

Please help with your valuable advice

Regards

Deepak

Hey Deepak,

I actually just responded to a forum post similar to this so I will respond to this one in a similar way....

Since you only have 1 investment property, I would say that you are a bit newer to the real estate game. If I were you, instead of trying to find a turnkey provider, why not try to find a partner? $150k-$200k will go a Loooooooong way in almost any other market than the bay area. In my area in Florida in particular, that could get you 3 very nice cash flowing rentals with some appreciation upside.

I would definitely consider a turnkey provider, but I would also look for someone more experienced than you and partner up. You provide the money, and the partner could specialize in bringing the deal and being the boots on the ground person. Not to mention the knowledge you stand to gain.

Hope this helps.

Happy Housing,

-Matt