Fixer Upper or Turn-Key

[Chris Ortler]

Hello Everyone,

I am just in the beginning steps of my Investment Property Adventure and I am looking for some suggestions on what type of property would be best?

A quick intro on me.  I live in CO with my wife and 5 kids.  My wife is a stay at home mom while I work a full time job.  I recently started in real estate about a year ago where I started an Airbnb Arbitrage company.  It started off great but is now becoming more difficult with so many regulations all over CO.  I have been increasing my knowledge on real estate and am not taking steps into investing and buying my first property.  This is extremely scary for me (like it must be for everyone) but my goal is to build something for my kids so that they are better off when they are older.  

So my question for anyone that can help is, is it better to look for a fixer upper or to find more of a turn-key that does not need that much work done? 

[Mindy Jensen]

The CO market is changing, just like the rest of the country. The Fed raised rates .75% in June, and the jobs report just came out with better-than-expected results. The Fed is going to raise rates again.

I would not be getting into a fixer right now, unless you had multiple exit options.