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Updated over 1 year ago,

User Stats

36
Posts
19
Votes
Jamie Stone
  • Investor
  • Lake Oswego, OR
19
Votes |
36
Posts

Any Feedback on TurnKey?

Jamie Stone
  • Investor
  • Lake Oswego, OR
Posted

I've been analyzing several properties daily, and I can't find a way to make BRRRR work right now. I found one bank-owned property with the potential for a small positive cash flow. I connected with the investor-friendly realtor for that area, who said it was in an area where I would be guaranteed low-quality tenants (so not worth it overall). After listening to the last few episodes of seeing green, I know that market conditions have changed, deals are harder to make for a novice, and bad ones are harder to recover from now.

I keep seeing ads for Rent to Retirement on BP. I know turnkey is not the preferred method of investing since you are tying your money up, but for the sake of getting into something (that allegedly cash flows), is this a route a newbie in this climate should consider? Would I be better off continuing to learn, waiting for conditions to change while watching for a BRRRR deal?

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