Best markets for turnkey investing

[Nicole Cotrino]

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.

[Chris Clothier]

@Nicole Cotrino ,

Welcome to BP! You have certainly come across the best resource you can find online to asking questions and going about your strategy of buying out of area. For buying in KC and Indy, I would look up @Mike D'Arrigo who has a great reputation here on BP and has always been happy to share his knowledge of the areas. I would also connect with @Gregg Cohen of Jacksonville Wealth Builders. They too are very experienced in the TK industry and both are very reputable businesses. 

Best thing I can tell you about both companies is that they have been in business for a long time.  That is a very important part of this equation that you should take into consideration.  I think they would both be great resources to start with.

Best of luck to you as you get started!