Hi everyone. Another newbie here looking to get started in real estate investing. I stumbled across BP a few months ago and have to admit that I may be burying myself in books and webinars, getting excited with all the different opportunities that are out there. As I was starting to feel overwhelmed with all of this great information, I decided to take a step back and really think about where I want to start. I’m thinking passive income through rental properties might be a good place for me. Since I live in California, it’s no secret that properties out here are not cheap. Even though long distance investing does sound a little daunting, I believe that might be where I could have some luck in getting that positive cash flow.
Ideally, I think using the BRRRR strategy might be the most profitable for me, but I also believe that going with a turnkey rental might be the easiest way for me to get started. With so many experienced investors here, I was hoping to get some opinions on whether or not you would recommend a beginner go ahead and start out with a turnkey rental, or should I hold out until I find that great deal and put in the extra effort to rehab and rent out on my first deal? If I was to go with a turnkey, what are some of the cons (other than a potential smaller cash flow) that I should be aware of?
