Looking to buy with a turnkey property

[Pinny T.]

Looking to buy with a turnkey property potently with RentToRetirement  anyone with experience & advice?
what should be a reason to choose 1 market over the other how to identify a market to buy?

Thanks

[Engelo Rumora]

Quote from @Pinny T.:

Looking to buy with a turnkey property potently with RentToRetirement  anyone with experience & advice?
what should be a reason to choose 1 market over the other how to identify a market to buy?

Thanks

A lot has been written on BP about R2R and everything looks solid.

I'm a big believer in sticking with 1 market until you build a large enough portfolio and diversification is justified.

Like with many investments and not just turnkey, it's important to build a large portfolio.

The time and associated risk isn't worth buying 1 or 2 properties if you expect a significant impact on your bottom line monthly cashflow.

Most turnkey properties are sold at fair market value or slightly above.

Nothing wrong with this as long as property management is solid and does their job with integrity.

Buying turnkey you won't have built in equity so no growth can be manufactured and you will have to wait for the market to grow to see an equity gain.

Thus, IMO it's important to have mindset where you endeavor to build a large enough portfolio so the monthly cashflow makes sense and the portfolio becomes safer.

Much success