Should I use an out-of-state turnkey company for my first rental?

[Amanda Aesho]

HEY EVERYONE! I'm new to BP. I have been watching a lot of the videos on the youtube channel and currently reading the book on rental properties (which I love) but just decided to be an active member on this website. Are there any newbies like me and if so what is your niche? I'm interested in starting my investing journey on single family homes buy and hold. I live in the Chicago land area but with the homes being so over priced, i don't think there would be a great return on my investment. For this reason, i have been debating whether I should start cold calling people that have pre foreclosure properties around my area or if I should just work with turnkey companies that are out of state. I have been seeing a lot of great reviews with Memphis Invest. I know I'm kind of all over the place but would love to get some feed back on what you would if you were in my place. Would love to meet some investors as well! 

- Amanda 

[Axel Meierhoefer]

@Amanda Aesho Out of state can mean many things. I am in the process of closing on a new investment in TN and live in CA. That's really far. You have opportunities closer by that you can actually drive to. I can make a recommendation if you like. To be of better service to you it would help if you could give a little more info. I do buy and hold as well, but I have criteria for % down, overall total down, overall price, monthly cash flow goal after all expenses(using and applying BP calculators), etc.

I am not a huge fan of typing, so if you like, we can have a call and discuss

Best wishes