turn key

[Yusuf Mathai]

So I am a new investor with a day job living in a market that is very hard to invest in (Portland metro area). My day job is such that it would be challenging to try and do real estate and manage it myself. As such I have been looking at the benefits of turnkey real estate with management on board. I have been looking at a number of markets and I am considering the Kansas City market.

I have lined up a visit to meet with one of the companies doing turnkey operations in the area. While I am there I am hoping to take a look at some of their inventory as well as the market in general. I am hoping that getting some boots on the ground will give me a sense of what I would be getting into. From some of the posts I see that this may be more of a cash flow play, occasionally there may be some appreciation. 

My goal at this point is to preserve some of my capital, so this would work. 

I was wondering if there were any people in this market (or other markets) who might give me some insight into the topic. Also besides trying to get comps for other homes in the area, being able to evaluate the rehab and doing some research on  the rehab company any other pointers that might prove helpful?

thanks for any replies that come my way

[Jay Hinrichs]

@Yusuf Mathai  I was out in KC last week.. I rather like that town for turn key personally,, far more than some other cities.. you can see that KC was and is a financial mid west powerhouse the amount of old money mansions is just incredible.. far more than here in Portland.

Also check out our website for easy comparison of turn key properties we have many KC providers posting their inventory on the site and you can make very easy side by side comparisons.. the site is run by Brie schimidt of ( I quite my day job Podcast fame).

But don't over look the areas just out of the PDX metro area as well. you can get some decent deals here ...

Good luck...

and if you like BBQ we went to Jack Stacks and had the prime rib bones.. I am going to try to duplicate on my big green egg they were so good !!!