@Frank Mancuso I second @Frank Rodrigues comments. For nearly a decade I've worked with all sorts of real estate strategies. It all comes down to time, money, and appetite for risk in my opinion (I'd add genuine interest, but the fact that we're on a BP forum likely means you're interested in the mechanics of real estate instead of just seeing it as another investment tool). All real estate investments strategies fall on a spectrum. Some are time intensive, but don't take much money and the risk is relatively low like wholesaling. Others like flipping can take a lot of time, someone's money, and be riskier - especially if the rehab scale is complex. So decide where you fall on that spectrum based on the circumstances in YOUR life. In my opinion, the really elite turnkey companies set themselves apart by acting as a mentor that plugs you into a built-in network with guardrails in place to limit your downside. This is especially advantageous to individuals who are new to real estate and don't want to completely mess up which has a higher likelihood with the first few deals or those - like myself - who know enough to know they just don't have the time any longer to vet markets, build a team, analyze countless deals, and every other minor step that seems to often be skirted over when folks on here talk about their successes. It's a lot of work and can be a full-time job! Yes, some turnkey investments can be "base-hits" although I've hit a couple "home runs" with turnkeys so that's not always the case. It kills me on some forums - particularly FIRE forums - where I see individuals spending hours analyzing which high yield savings account will get them 0.56% interest vs. 0.45% interest. If turnkeys get you in the game then fantastic - it's still the best game in the world in my opinion. Happy to share more about my turnkey experiences if you're interested.
