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Updated over 5 years ago,

User Stats

18
Posts
11
Votes
James O.
  • Real Estate Agent
  • Chicago, IL
11
Votes |
18
Posts

Tired of people saying Turnkey is the worst investment ever!

James O.
  • Real Estate Agent
  • Chicago, IL
Posted

I keep reading on these forums comments saying how turnkeys are worst investment ever. How turnkey companies take all the profit. How returns are never what you expect. I am up to 6 turnkeys. Sure, I had problems with them whether it is turnovers, property management charging extra fees, etc. But rents have slowly gone up, my cashflows increased, I am super conservative so I have about than 6 months in reserves for each property. I don't plan on selling these. In fact I will buy more turnkey. I have a great career as a software developer and want to continue doing this. How can those same people saying turnkey is the worst investment say the same 15-20 years from now? At the end of the day, I will still be doing what I love to do in tech indsutry and STILL own a portfolio. What is wrong with that? I feel like these people are so focused on immediate returns. I get the BRRRR, but not everyone is interested in that. Some like myself are ok with lower returns because we have loads of cash thats not in the stock market. So to those that keep giving turnkeys a bad rep and discouraging people from them - STOP!  It is perfect for people like myself, and you are not doing a favor by steering them away. As long as they do their due diligence and understand the downsides and see that it works for them, they should be ENCOURAGED. It has been a great investment for me so far, and it can be the same for others.

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