Turnkey Investment

[Richard Rountree]

How do people feel about Turnkey Investment (buy and hold rental)  for my first deal?  I wanted to get my hands dirty in something local near Los Angeles but I am finding better Turnkey deals in other markets with less to worry about.  Do you think I still can get the knowledge I need from a Turnkey deal so that I can start structuring my own deals in the future or is it just best to get my hands dirty--that meaning do a deal and manage the property myself?

[Jay Hinrichs]

@Richard Rountree 

  Lots of options out there... a few things you might want to establish are

Market 

return

risk reward

ease of getting there in case you need to take something over

And of course the all important aspect of after care.. The act of buying a Turn Key home is easy and painless.. You want to be set up for years 2 and beyond that is when a rental will start to show its colors.

Some may want to buy in an area they would like to vacation in.. Say Vegas, Phx, Florida etc.  Gives you a nice tax write off to visit your property then you can have some personal time. As well as you may want your tenant to pay off your home were you may end up retiring..