Turnkey Investment Properties

[Eric Lopez]

Dear BiggerPockets Family;

I am relatively new to this site and still learning the basics of it all, but after listening to many of the podcasts, I kept hearing Brandon talk about posting on here as a great way to get involved. So here I go:

I currently live and work in St. Louis, MO as a Property Manager. I have been doing so for the past 2 years and over that time, come to the realization that I want to begin doing this for myself. I currently do not own any property but am interested in getting started. With that being said, I am wary of starting off my investment career with a major project (foreclosure, LRA, etc.). Instead, I have looked more into turnkey rental properties as a means of getting my “feet wet” and learning the basics of property ownership. Once I have the basics down, I’ll then begin to look into more complex and intricate properties.

What are some of the major issues with investing in Turnkey properties?

Any and all help is appreciated!

[Jonathan Oh]

@Eric Lopez There are people investing turnkey in St Louis as well. Why don't you look for properties there? If your a PM, you have a huge advantage of knowing what areas rent and what areas to stay away from. If I were you I would take advantage of your knowledge and connections in St Louis and invest in your backyard.