I love my Turnkey Investments. BP is skeptical. Am I just lucky?

[Axel Meierhoefer]

I have a strategy I call out of state turnkey residential investing or "OOS TK SFR". We have all our properties in this model and have great experiences for several year now. When I speak to people here on BP, a lot of them tell me that turnkey does not have a good reputation on Bigger Pockets, sometimes even to the point of being surprised when I describe what we do, how we do it, and how well we have been getting the desired results, especially when it comes to cash flow.

Am I just lucky, what are your experiences, and what do you think about turnkey investing in residential real estate?   

[Axel Meierhoefer]

@Dennis Wayne Not sure how to respond to that statement. The numbers are always in the eye of the beholder. What yuo would call bad might be acceptable to me.

In 2020 my properties appreciated by 9% and produced almost $3000 cashflow per month. No rents were missed and repairs were very minimal.

Reserves grew to $30K and now the 15% I used to put aside to build the reserves are coming to me as cash flow. I am in the process of buying 3 more properties.

My strategy to hold all my properties in well preforming locations , which is far away from San Diego, where I live, means that the valuations in my area are irrelevant. You are right they are very high and performance is very bad, but since I don't own any investment properties, it doesn't really matter to me.