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Updated over 8 years ago on . Most recent reply

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19
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15
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Kevin Byrne
  • Costa Mesa, CA
15
Votes |
19
Posts

Turnkey success

Kevin Byrne
  • Costa Mesa, CA
Posted
I have recently bought one single family residence from a turnkey provider in Indianapolis and am looking to buy another one possibly in Memphis or elsewhere before the end of this year. I was hoping to hear from investors that have bought primarily from turnkey providers and have a decent size portfolio. Basically, I am looking for proof of concept. I would really like to speak with someone who has been successful investing primarily with turnkey providers. So, is it possible to be successful buying only turnkey properties?

Most Popular Reply

User Stats

85
Posts
27
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Steve Endress
  • Sheffield, IL
27
Votes |
85
Posts
Steve Endress
  • Sheffield, IL
Replied

@Lane Kawaoka Yes, SFR's are a bit of a pain--I've got a big bunch in four states. I also have a multifamily with a similar number of units as my SFRs and it is a different kind of pain. When people ask what I think is better and I always say 'it depends'. Half the time, I love the simplicity of MFH and hate the complexity of SFR, the other half of the time I love the returns and exit strategies and fully-amortized mortgages of SFRs and hate the risk of MFHs. So, I still think a mix is the best, however painful and imperfect that is.

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