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Updated 5 months ago on . Most recent reply
Rent ready (Turnkey) or value add?
With where interest rates are right now is anyone finding success in purchasing out of state rent ready homes? Rentals don't make sense in my city and the competition for value add is insane. I've thought about value add plays out of state but the managing of the rehab etc is turning me away. What are y'all transacting more on rent ready homes or value add BRRRR?
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@Sean Kirk
Depending on the market you are looking in if you have a good team sourcing off-market deals you should be able to find good turnkey opportunities. If you have a few rentals under your belt out of state and are familiar with how your team operates then I would dive into doing some value add deals as long as it's not down to the studs.
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