Turnkey properties good or bad?

[Lynn Anthony]

Just curious on what the more experienced investors think of turnkey properties? If the numbers work would you do it? I work full time and have a family so I am struggling right now with trying to invest out of state since it’s too expensive where I live. I know you have to jump at a house as soon as it comes available and with me being a teacher, I don’t have the resources during the day to be able to do that. Thoughts?

[Mike D'Arrigo]

@Chris Clothier gives some great advice about not listening to the naysayers. I find that the people who knock turn key have a bias against the concept and too often give misleading advice. Like any approach, it's not for everyone, but for some, it's the only way to get in the game. Not everyone has the time and skill set to do everything themselves using the BRRRR approach. It's just not as simple as some make it out to be, especially for an inexperienced, out of state investor. Even experienced turn key companies lose money on some deals. If it can happen to them, it can certainly happen to the newbie investor. Be skeptical of anyone telling you that you should do it yourself rather than buying turn key if they don't know your personal circumstances and abilities. Too often, I worry that the turn key naysayers are leading new investors down a risky path by giving them a false picture of how challenging it can be. What's right for one investor isn't always right for another which is the beauty of real estate investing. There's a lot of ways of going about it. You just have to find your niche and what works for you.