Debating a turnkey

[Justin D' Apolito]

Here's my dilemma

I am thinking of purchasing a turnkey property in the name of getting some cash flow going. As of now I am going to do a cash out refi on a property that I've had for 5 years to put down on something ready to rent and potentially already rented. I am doing it this way mainly because I don't think I have the experience, knowledge or team in place to do something like a BRRRR or a fix and flip, but I don't know if this is the right way to go.

I would ultimately love to start scaling up and think I want to do it faster than something like this would allow because I would have to wait for probably a year or two to raise the capitol to purchase another property.

Anyone else going through something like this or have gone through it before?

Thanks friends!