New bay area investor wondering about out of state turnkeys

[Jerry Tsai]

Hi everyone! First post, yay! I'm completely new to BP and REI and have been trying to learn as much as possible. I live in the SF bay area (San Mateo), and my reading over the last few months seems to confirm that investing in CA seems like such a difficult endeavor (high costs of entry, difficult to cash flow properties, etc)... especially for a newbie like me.

I wanted to see if anyone has had any experience with turnkey properties out of state. If so, what specific turnkey companies would you recommend? Are there major pitfalls where I should avoid these completely? How do I trust or proceed with these deals when I don't have connections outside of CA?

This stuff is daunting to say the least, so I appreciate any resources, words of advice, or recommendations. Thanks!

[Marco Santarelli]

@Lee Ripma — Yes, that’s a good point, Lee. Because of the confusion around true turnkey properties I’ve categorize them as either truly “turkey“ or simply “rent ready“ properties.

Unfortunately there is no true industry definition of what a turnkey property is. I marketed the heck out of the phrase back in 2004 and 2005, and now everyone uses it willy-nilly.

Continued success!