New to Bigger Pockets

[Rob Bianco]

Hey There,

I'm new to real estate investing. Currently living in NY (temporarily) but I'd like to invest out of market, which I know is probably not recommended for beginners, but I'm open to it.

I've been reading some of the Bigger Pocket books and they talk about Turnkey Properties, which sounds interesting, but not sure if those properties usually cashflow well enough if you're paying a premium for the property + the company to manage it? I've thought that it might be an option for a couple markets I've liked in the suburbs of Chicago or Milwaukee 

My wife and I are also considering a move to Philadelphia to raise our family and I thought maybe it makes sense to start there, but I'm not sure how strong the market is there right now. From what I understand the school systems are lackluster and job market is so-so. 

Just looking for a few pointers and perhaps some help finding the right direction

Thanks!

[Rob Bianco]

Thanks to everyone for the warm welcome. 

Right now my family's financial needs are being met just fine, so that's not much of a concern.

I think my main goal is cashflow and having been able to turn a consistent 25% return in the stock market over the last 3 years has made me realize that I'm really looking for at least a 7%-9% Return on my Investment (appreciation just being icing on the cake). So whether I invest far away in an emerging market or close to home, that's ideally what I'm looking to do