Out of State RE Newbie: Turnkey or Value Add?

[Albert Chun]

Hi all,

I’m new to real estate. I have 15k to invest, and I’m interested in doing RE for the long term.

I’m priced out of my area, and I’m looking to invest out of state. Particularly Memphis, Indianapolis, or Ohio. First question: how are these markets?

Secondly, as a newcomer without a solid team or “core four,” I’m considering picking up a turnkey for my first property or two.

After learning the "language" of RE, and getting some lessons in, I want to invest in value add properties, especially the BRRRR method. What are your thoughts on this strategy?

Third and last question: has anyone purchased anything through the BP marketplace? Are those generally trustworthy? What do you look for, or what questions do you ask to ensure you’re not getting screwed?

Thanks I’m advance, BP!!