New to Forum & RE Investing

[Daniel O'Neill]

Hello, I'll make this quick for now. I've wanted to do RE but initially didn't have the funds and didn't know how to get around that. Worked part time through the crash and would have had the time. Got married and for a while wife didn't want to do RE because her father "suffered" through it for years. Now that I'm full time we think it might be an interesting way to transition to working less. We'd like to move out of state (IL) in a few years to one of the "mountain areas" in the country. I wouldn't mind the first rental or two being close to me to learn but eventually I'd like to work turnkey (maybe) for the areas we're looking at (likely TN). So if anyone has turnkey tips feel free to post them or point me in the right/forum or direction. Already learning good stuff on here and the podcast. Thanks for all the posts. 

Daniel

[Theo Hicks]

Hi Daniel,

@Michael Dang is on point. Turnkey properties will have a lower cash flow and upside potential. Value-add deals, once stabilized, will have hight cash flow and equity potential. Plus, you'll learn a lot more by going through the renovation and leasing process. 

If your plan is to work less, you may want to consider becoming a passive investor in apartment syndications.