Looking to start my RE Journey...

[Armand P.]

Hello BP,

Which of the following is better investment play for first-time investor based on current market conditions and that cashflows (8-12+%) per year?

1) Turn-key properties including new builds

2) Multi Family

3) Self Storage

4) NNN properties

Thanks,

Armand

[Doug Spence]

@Armand P. I think investing in turnkey rentals out of state is a great place to start, especially for folks with full time W-2's who don't have either the time or desire to do all the work themselves. My first investment property (aside from a primary residence that I rented out eventually) was purchased as a turnkey rental in Milwaukee, Wisconsin, and I still own it to this day. I ended up purchasing 2 additional turnkey properties from the same company. Overall it was a fantastic experience which gave me the foundational RE knowledge to start doing my own BRRRR's out of state. @Stuart Grazier is a great resource for turnkey's as well!

Good luck and keep us updated on your progress!