Is turn key necessarily a rip off?

[Adam Craig]

I am looking to load on up some single family homes in Cleveland Suburbs. There are a couple business that sells turn key properties like the site below

http://www.restoringcleveland.com/Property/1490-S.-Noble-Road-Cleveland-Hts-OH-44121-33.html

For someone that wouldn't be doing any repair work, is this a good option? I know I herd before that you pay a premium. Just wanted some thoughts.

[Adam Craig]

Originally posted by @Steven Gesis:

Originally posted by @Adam Craig:

I am looking to load on up some single family homes in Cleveland Suburbs. There are a couple business that sells turn key properties like the site below

http://www.restoringcleveland.com/Property/1490-S....

For someone that wouldn't be doing any repair work, is this a good option? I know I herd before that you pay a premium. Just wanted some thoughts.

 Hi Adam-

Did you ever move forward with a local Turnkey provider? If so, what was your experience, I look forward to hearing back. 

 I did not go turn key. I decided to buy houses and hire our the rehab. If you have the time and people in place this is the way to go. You are getting into the property with much more equity than you would buying turn key - the premium they charge is not worth it in my opinion.