Updated almost 8 years ago on . Most recent reply
Turnkey Portfolio?
Hi Everyone,
Does anyone have a portfolio of strictly turnkey properties? I'm talking about 5-10 (or more) properties that were bought "turnkey", with property management and tenants already in place. No fixes and flips, no looking for deals on your own, just 100% all through turnkey?
Did you buy all of them through one or several turnkey provider/promoters? If so, what was your experience like? Which provider(s) did you go through (if you're willing to share)?
Reason I'm asking is because I'm thinking it would be something that I would want to do. Ideal scenario, I would buy one TK property in one market, then another in another market (to spread the risk), and then eventually work my way up to about 10 properties or so. It's too expensive to invest in my area, so I plan on investing out of state. Is this a sustainable plan? Has anyone had success doing this?
I'm curious as to what other investors may think. I'd prefer to hear from people who have multiple properties, but please let me know if you have any advice that may be useful to a newbie investor like myself as well. Thanks!
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