Are turnkey properties good investments? (First time investor)

[Anthony Dimino]

My name is Anthony and I live in Southern California. My goal is to have enough passive income to replace me and my wife’s income and then some. We love to travel and have 3 kids and would love take them around they world.

I am a first time real estate investor and am eager to acquire my first deal but at the same time I’m being very cautious and taking this step by step. I currently have a decent amount in savings and would like to start out of state. I’m setting the budget for our first buy and hold property at under 150k. My first thought was a brrrr but after some thought I switched to maybe doing a turn key ready property form one of those turnkey companies. I thought this would be a good way to get my feet wet into the real estate game.

Does anyone have any recommendations on turnkey properties preferably in the Midwest (if not that’s fine as well)?

Any information would be great, whether good or bad. Also is now a good time to jump into a turnkey investment?