Turn key or local investing

[Tim Murray]

Hii. I'm wanting to purchase my first rental property but I'm stuck on choosing what to do I live in Hawaii where prices are high. I want to try invest locally. But I also been looking at the turnkey method. Like the rent to retirement or similar. Looking for any advice? Thanks

[Zach Lemaster]

@Tim Murray

Thanks for the interest in RTR! The best advice I have for you is to come up with a detailed criteria. What amount of capital do you have set aside to deploy, which markets appeal to you, neighborhood class, expected ROI/cash flow, SFR vs MF, how passive or active you want to be involved, what is your short and long term goals, appreciation potential, new construction vs older homes, etc. It's all balancing act, but having a defined criteria & networking with the right people that can help provide you with some guidance are always an important starting point. It's a crazy market out there right now with many variables, but the fundamentals of REI never change. Personally we are actively still buying quite a bit, but a lot of that is because it fits our tax strategy. 2022 is still a good year for certain tax benefits that are changing in the future. Best of luck to you in your journey, and feel free to reach out at any point with any specific questions.