Turnkey or Rehab/Rent

[Ronald Mejia]

Good morning BP!

I have been trying to decide between purchasing a turnkey rental or a distressed property to fix and rent. My funds are pretty limited (30k-40k), after running the numbers on the turnkey it comes out to about +$250-$350 after all expenses are paid. MY thought process is a distressed property may be too big of a project for the amount of funds I currently have.

Would love to hear the communities input on this.

Thanks BP!

[Ronald Mejia]

Thank you Michael I appreciate the feedback. I would like a bigger CoC return but I know 1 deal wont make me financially free. Ive been in the analyzing stage for almost 2 years while saving and want to pull the trigger. The experience I could gain from the deal would help in giving me some more confidence and exposure to the process of purchasing RE.