All Forum Posts by: Jim Kline

thanks all for the help! 

Thanks for the articles link!  Ok, it looks like I am at least on the right track.  Is your company only for Ohio?

Hi all,

So, I have been having a discussion with a couple who are looking to invest 100k to 200k.  They haven't been in real estate investing before, so I thought I would suggest the following to them:

-Find a turn-key company that already has homes rented out with tenants and buy those, and just pay the turn key company management fees.  

To me, the above seems the easiest way to go about it.  This way, they can have some income and rent a place for themselves to live in.  I don't know it is something feasible though or what State they should go with.  They will probably need 2k to 3k (guessing here) for rent, food, car, shopping, insurance, etc a month.  They are a older couple, and they do have relatives in NJ, MN, and MA so I said that it would be good to get the turn key rental home(s) in the state they are moving in or the one that has relatives already there, but they are open to other states.

What do you all think?  Is the above a good suggestion or am I way off? I don't think they want to be very involved in the management, rehab, tenants and such so the above sounded good to me.  If there are other ways you would go about maximizing income from 200k or maybe even 100k for them in real estate that will yield a income that they can live on monthly, let me know please.