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Updated about 6 years ago,
Is turnkey for a newbie the right way to go for rental property?
Hello all, I am interested in buy and hold strategies however I have zero experience in buying any type property. I am interested in getting my feet wet and I am trying to decided which course of action would make the most sense. I live in the NYC area and the prices are too high for me to get good cash flow. So I have been thinking of pursuing options out of state. As a person with no experience, how much sense does it make to pursue out of state turnkey properties? I'm hoping the process would help me to learn the ropes to go about it myself at some point. Is this a feasible plan?