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Updated 12 months ago,
Turnkey Properties Worth it & why?
As an out of state investor, my goal is to purchase properties long term for cash flow to start off. I know there’s pros & cons against this turnkey strategy.
For me i personally felt since I'm investing remotely, cutting out the rehab part, dealing with contractors would be less of a headache going into my first rental.
I also understand that I won’t have any appreciation to start off or built in equity.
I just need some advice here regarding turnkey properties and the best way to go about it.
To me I feel like this can be a smart move starting out until get comfortable in the market I’m in & I’m able to build connections overtime and eventually I can really do the whole BRRRR strategy.
Please let me know your thoughts whether it’s good or bad. Peace ✌🏻