First Deal- Rehab or Turnkey?

[Mike Moe]

Hi All!

I'm just getting my feet wet in the real estate investing space, and am hoping to get some advice from you all on my first deal.

The only experience I have in purchasing a home, is my main home I purchased a few years ago. For my first investment deal, is it best to avoid a rehab project and go with a decent turnkey property? I’m attracted to the idea of being able to rehab and potentially create some equity, but unsure if having to rehab my first property is the best idea.

For a little more context, my first property will be a STR. Thanks in advance for the info!