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Updated over 3 years ago on . Most recent reply
Turnkey company recommendations?
Hi all,
I’m new to investing and want to try out of state investing. I’m looking into turnkey opportunities to try out of state investing because I don’t currently have the time to do it all myself. Has anyone used Rent to Retirement? Does anyone have other turnkey they’ve liked and used? Thanks!
Most Popular Reply
I think the time for turnkeys is over. The market is too hot and if you add on TK premiums there is very little chance for you to turn a profit. Back in 2010-2015 the prices allowed TK companies to acquire, rehab and mark up properties and still leave enough meat on the bone for a buyer. Now I see absurd things like less than 1% rent ratios on midwest C class properties, even duplexes! There is NO WAY you can turn a profit on those properties at those prices. At best you will eke out a 4% return with tons of stress along the way. Better buy some index funds and forget about it.