Turnkey vs. Learning How to Fish

[Daniel Cruz]

I plan on buying my first property using a very reputable turnkey company. The ROI is smaller but it seems almost headache free. In fact the company's goal is to make the investment process as easy as possible.

I have some money to invest and I do plan on starting out real estate investmenting doing the turnkey thing, but my concern is doing all your real estate investing in this way doesn't seem to me to be a very good teacher.

I do want to learn how to fish, and I have future goals of buying small multi-family properties. But I also have a vision of buying a bunch of turnkey single family homes, wait 10 years for decent appreciation, save the rents (currently I don't need the money) and buy something REALLY big ($1 mil down on an apartment complex) for some nice retirement cashflow.

"4 green houses, 1 red hotel"

If I went the all in and wait w/ turnkeys route, how would I learn about buying an apartment and hiring management? Nothing beats experience. I've listened to Rich Dad's Cashflow quadrant and it makes sense to me that a bank would rather lend $2 mil vs. $200K. Anyway I definitely would like some opinions and insight, Thanks...