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Updated over 6 years ago,
Best markets for turnkey investing
I live in Central NJ and am currently looking to invest in my first rental home. Property taxes here are so high that I'm feeling like this isn't the right place for us to invest. We have also looked into the Oregon market because my mother is a realtor there - however, it seems like we would be banking on appreciation far more than cashflow, and I'm not sure I like that idea.
So, I recently discovered the idea of turnkey property companies and am seriously considering that turnkey investing may be the best route for us. I just wanted to (1) find out about people's experiences with turnkey investing, and also (2) find out what markets seem best for it?
I have read a lot about Kansas City, Indianapolis, and Jacksonville, but am completely open to other markets. Ideally, I'd love a combination of decent cashflow and also decent likelihood that properties in the area will appreciate. (I'd exchange some cashflow for a greater chance of appreciation, though I do want some positive cashflow.)
Any input would be very welcome and appreciated! Thanks.