rental property out of state

[Laxmi Gurung]

I live in Fairfield county, CT. I am interested in investing out of state as it is expensive to invest here. I am a newbie and read some books on real estate investing. I see there are some forums regarding the same topic. Debating between Turnkey or establishing 4 core team and which city to invest.

[Trent Stone]

Turnkey operations are not fantastic IMO. A lot of the turnkey companies suck, and the rates are meager at best. If you can thoroughly vet a company and you are sitting on boatloads of cash and you don't really care for high returns, then sure, they make fine investments. Putting together a core 4 takes a little more work but will be far more profitable. I live in Utah and my partner in Arizona, both are fairly overpriced right now so we are doing all our investing in Indianapolis. Price to rent ratios are fantastic. There are some good markets in Florida. KC, Birmingham, Ohio, Austin, DFW, are some other good choices. They have decent appreciation and good price to rent ratios. Good luck!!