Investing in TurnKey Rentals as a new investor

[Maurice Blackledge]

I am in the process of finding my first rental property to buy and hold while gaining a bit of extra cash flow.

My question: Is it better to start out with TurnKey investment properties? I know it will typically involve less work to the property but I’m not sure the return is as great.. curious if anyone has gone down the turnkey route and had success buying from a company that focusses on selling turnkey investment properties?

[James Wise]

Originally posted by @Maurice Blackledge:

I am in the process of finding my first rental property to buy and hold while gaining a bit of extra cash flow.

My question: Is it better to start out with TurnKey investment properties? I know it will typically involve less work to the property but I’m not sure the return is as great.. curious if anyone has gone down the turnkey route and had success buying from a company that focusses on selling turnkey investment properties?

 This question is not going to have a one size fits all answer. It's like asking if it's better to go out to dinner or cook at home. It depends. Can you cook? Do you enjoy cooking? etc.....Same thing here. Turnkey is a service. You're paying another company to do some of the work for you. Anytime you outsource work (like the cooking of the meal) it will cost more as those people need to be paid.

So the real question you need to ask yourself is what is better for you? Do you wanna cook the meal or eat at home?