Newer Investor! Torn between BRRRR and turnkey strategy

[Will Golden]

Hello bigger pockets! I'm a newer investor in the Atlanta, GA area actively looking for investment opportunities either in the BRRRR or turnkey space and torn when it comes to choosing a strategy. I know the pros and cons to each and frankly don't know where to put my money. I have the cash to do a BRRRR now but have limited time with my current job which makes turnkey look good. From what I'm reading currently, Atlanta (and the southeast in general) hasn't been the ideal place for turnkey properties for some time. An example from what I'm reading is that the middle west is a really good place for turnkey properties at the moment. What are y'alls opinion on this or my situation? I don't want to be stuck in analysis paralysis but want to be smart about this. Any insight would be awesome.

[Dock Newell Jr]

Hi Will,

It's true that certain markets may be more conducive to turnkey investments due to factors like affordability, rental demand, and property management options. The Midwest, for example, has been a popular region for turnkey investments.

Given your limited time, a turnkey property might be a suitable option to start building your real estate portfolio while maintaining your current job. However, it's essential to thoroughly research turnkey providers and markets to ensure you're making sound investment decisions.

Ultimately, your choice may not be an all-or-nothing decision. You can consider a hybrid approach, where you invest in turnkey properties initially to build passive income and then transition to more active BRRRR investments as your time and experience permit.

For example, you could buy an "okay" property that just needs new cabinets, flooring, or landscaping. This way you don't need to put much time into it and when you are done rehabbing you can refinance to get your money back.