How to have a positive Turnkey investment experience

[Kelly M.]

I repeatedly read negative comments about investing in Turnkey properties and I would like to hear from those that have had positive experiences and what you did to tip the odds in your favor of having your investment be successful. I am a busy professional and simply do not have the time to put in the necessary amount of time in order to extract maximum profit from a buy and hold BRRR-type strategy and yet I still want a piece of the real estate action. Assuming I go the turnkey route, without espousing how poor of a decision it is, I would like to hear how I can make the most of the situation, and yes, I am aware that I will still need to dedicate time to that process as well.

[Jay Hinrichs]

turnkey promotors:

1. Maverick

2. Hartman

3. Norada

4. Real wealth Network

5. Hipster

6. larry Fried

7. Roofstock

and I am sure i am missing a few others.. but you get the drift..  all of these companies basically operate in a real estate brokerage capacity... just like hiring a good broker.. they can help you navigate the sale etc.. many will vette the TK provider and not represent one's they don't like...  Many turn key operators have enough organic business that they do not have to use brokers like the above... Just depends on your desires.. but at the end of the a house is a house is a house.

no mystery to it.. you want to buy one that has had a quality rehab you double check that by hiring YOUR OWN INSPECTOR. but remember these are used houses inspections will have major items that should be addressed but all homes are going to have honey do items.. you cannot reasonably expect a home to be 100% perfect none are.

And then the grand daddy of them all is PM  PM will make or break.. most of the guys and gals in the business have it in house or a very close affiliation with the PM either way is OK as long as the company is still engaged.

lastly use common sense... think about what price points work.. if you go super low end cheapest homes on the market in the given MSA those will look best on paper but be the most difficult over time to manage for many... buying at the Median or just below of an MSA is usually a safe bet.