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Updated almost 3 years ago on . Most recent reply

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17
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Nitesh Gandhi
7
Votes |
17
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Turnkey company for first time investor

Nitesh Gandhi
Posted

Me and my wife are looking for turnkey companies for our first investment.  We want to invest out of state. Please let us know which ones are the best turnkey companies based on your experience working with the company.

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48
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Adam Sieg
119
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48
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Replied

Hi @Nitesh Gandhi - I started out my real estate investing journey using turnkey. Others have stated these aren't the optimal method to get into REI but for me it was honestly the only one that could work (outside of REITs which I didn't want). Being a busy health care professional with a newborn on the way I didn't have time to learn the ins and outs of other strategies. I also wasn't about to try to BRRRR. For me turnkey made the most sense - plus I could learn a lot while someone essentially held my hand through the process. I didn't have to worry about the rehab/contractors, PM or placing tenants. I used rent to retirement - and have purchased 6 properties through them. They've been very helpful on an ongoing basis and continue to provide support when I have issues. Obviously, it depends on the market you are trying to pursue as most TK companies are somewhat limited. However, I would check out rent to retirement and see if this could be an option for you. Also Zach Lemaster is a great resource to have. I'd be happy to chat more if you have questions!

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