Out of State Newbie Investor from North Carolina

[Jess Archives]

Hi all. I've been following Bigger Pockets for three years now. This community has been helpful to get insights on how real estate works. Because of which, I feel comfortable enough to soon purchase my first investment property. But first, I thought I'd say "Hi" with this post to share/critique my process.

A little about me: 

I'm in the tech field, so Real Estate apart from second hand Bigger Pockets experience, is a foreign domain to me. As such, most of my investments have gone into a traditional 401K account. Until earlier this year - I became increasingly convinced real estate methods like BRRRR would outpace any indexed portfolio I have.

I know my first deal isn't going to dramatically affect my lifestyle. And because I'm investing out of state (from NC living overseas), momentum is going to be more important than finding the perfect BRRRR. Turnkey looks like the best option.

For Turnkey solutions, I'm seeing options for Cleveland, Indianapolis, and Kansas City MO at around 10-15% CoC with $20-30,000 total cash initial costs. Note for this investment I'm not looking into forcing appreciation, or refinancing as it wouldn't make sense here. Feel free to provide any thoughts!

Looking forward to further discussions!