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Updated almost 4 years ago on . Most recent reply

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Nicholas Di Giugno
  • Buffalo NY (buffalo, ny)
21
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Turnkey Locations Offering Good Appreciation

Nicholas Di Giugno
  • Buffalo NY (buffalo, ny)
Posted

Hey everyone! I’ll cut right to the chase - I’m an engineer working at Tesla, 24 years old, and super interested in real estate investing (for a couple years now).

I want to buy my first rental property, however, my hours are super long and my day job is demanding. I don’t have time to find and buy a property under market value, fix it up, find a tenant, etc., so I’m interested in turnkey for my first few investments. Once I get the cash flow going, I plan to work my day job less and make larger, more time-consuming real estate investments.

All of that said, I hear Turnkeys are good at providing cash flow but not so great at immediate equity gain / appreciation of the property itself - for obvious reasons. Therefor, I am wondering if anybody knows of a good turnkey LOCATION to invest in, that generally offers good cash flow as well as good potential for growth and appreciation over the next 5 years.

Thank you!!

Most Popular Reply

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Lane Kawaoka
  • Rental Property Investor
  • Honolulu, HAWAII (HI)
2,626
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4,248
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Lane Kawaoka
  • Rental Property Investor
  • Honolulu, HAWAII (HI)
Replied

@Nicholas Di Giugno

I started with remote turnkey rentals in 2009-2015 which I was working my engineering gig. Then went into syndications once my net worth went over 500k.

You should look into Birmingham, Atlanta, Indianapolis, St Louis, Kansas City, Memphis, Little Rock, Indianapolis, Greenville, Jacksonville, Tampa, Houston, San Antonio, Little Rock, Milwaukee, Cincinnati, Dayton, Cleveland, Ohio, or other secondary or tertiary markets.

  • Lane Kawaoka
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