Turn Key. Why all the hate?

[Bukka Levy]

 Not my first post about buying out of state but I am perplexed. Why all the hate towards “turn key”? To be more direct, if it meets the bigger pockets guidelines/numbers, what’s the problem?

And if you can resist, this is not really pointed toward the turn key industry so try to restrain yourselves and enjoy the comments :)

[Ali Boone]

Not sure what you mean by 'not pointed toward the turnkey industry'... if I'm supposed to or not supposed to answer a certain way.

Jay hit the main reasons people knock turnkeys. Another factor to consider is that most turnkey buyers I know that like their turnkeys and like the strategy aren't on BP once they start buying. Once you buy a turnkey once, it's really straightforward and if you're happy with the strategy as being your primary strategy, no real need to be on BP anymore. Which primarily just leaves the haters to talk about turnkeys. So the 'pro turnkey' folks aren't here to stick up for them.

I think the biggest issue people have with them is the inability to force appreciation. Which, yes, that's a thing. Other people argue you should never invest outside your own backyard. Well props to those people who have a backyard that it makes sense investing in (vs. us LA or NYC or CA folks). 

I will say that I think it's strange how rowdy people get against turnkeys. I've never heard a turnkey investor knock anyone else's strategy. Who cares what other people do? 

And like Jay said too, Morris Invest didn't help anything. But I started buying turnkeys in 2011 and I totally dig them. Wouldn't do an out-of-state any other way.