Choosing turnkey for out of state?

[Patrick Flanagan]

I’m looking to buy some single family or multi family homes out of state, I’d like to be in c-b class neighborhoods. I’d prefer b

I’ve heard terrible things about turn key providers and I’ve heard great things. So how would I go about finding out if a turn key company is reputable? I hear Brandon talk about Norada turn key properties on the podcast. I would assume he wouldn’t promote them if they weren’t good.

I understand all the equity is sucked out. That is not my concern right now. I want to build up cash flow.

Eventually I’ll be doing my own long distance brrrr deals.

[Zach Lemaster]

@Joseph Vu Thank you for the mention!

@Patrick Flanagan It's all about finding the people in the industry to work with.  This is true of any industry, or business so TK is no different.  TK is an excellent way to get started building a successful rental portfolio in a market that you are not local to, or unfamiliar with, and to learn from a well experienced team all the right practices.  Contrary to popular belief (or BP belief), there are still TK opportunities that have ample cash flow & still have equity.  Our FL new builds have on average $20k to $30k of immediate equity in them as appraisals are constantly coming back well above the purchase price.  Lots of options out there.  It just comes down to working with a team & a market that is most suitable to accomplishing your goals.  I'm happy to answer any questions you have.

I went to Optometry school in Forest Grove, OR just down the road from Beaverton!  ; ).  My wife & I love Oregon!  Very expensive market to try to invest in however...

https://www.biggerpockets.com/users/ZacharyCole/references

https://www.biggerpockets.com/forums/92/topics/518583-feedback-on-renttoretirement-and-zach-lemaster

https://www.biggerpockets.com/forums/92/topics/765347-rent-to-retirement-review

https://www.biggerpockets.com/forums/850/topics/895660-my-first-investment-property-an-out-of-state-deal

https://www.biggerpockets.com/co/RentToRetirement