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Updated about 8 hours ago on . Most recent reply

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Antonio Waller
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16
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Turnkey Companies and Properties

Antonio Waller
Posted

Hello BP Family,

As a new investor, would you aal recommend buying turnkey properties as your first deal?  I'm getting mixed reviews.  If so, would you buy direct from zillow, etc, or use a turnkey company?  Thanks for your input.  

  • Antonio Waller
  • Most Popular Reply

    User Stats

    125
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    Melissa Justice
    #1 New Member Introductions Contributor
    • Rental Property Investor
    • Detroit, MI
    169
    Votes |
    125
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    Melissa Justice
    #1 New Member Introductions Contributor
    • Rental Property Investor
    • Detroit, MI
    Replied

    @Antonio Waller,

    Great question—and you’re definitely not alone in getting mixed reviews. Turnkey investing can absolutely be a solid first deal if your goals, expectations, and provider are aligned.

    When Turnkey Does Make Sense:
    You want cash flow with minimal effort

    You're short on time, live in an expensive market, or don't have a renovation team

    You’d rather learn the ropes with a stabilized property than dive into a rehab

    Turnkey gives you a way to start building wealth right away while keeping things simple, especially if you’re out-of-state or balancing a full-time job.

    Where People Run Into Problems:
    Buying from unvetted providers who cut corners

    Not doing proper due diligence on the market or property manager

    So the mixed reviews usually come down to execution, not the strategy itself.

     Zillow vs. Turnkey Provider?
    Buying direct from Zillow is possible—but it’s not truly turnkey. You’ll still need to:

    Find and vet a contractor or property manager

    Handle the rehab or tenanting yourself

    Do much more due diligence on comps, rents, and repairs

    A reputable turnkey provider, on the other hand, typically:

    Finds and renovates the property

    Places a screened tenant

    Pairs you with property management

    Offers a warranty period or post-sale support

    Yes, you pay a premium—but you’re buying back your time, experience, and learning curve.

    If you go turnkey, just be sure to vet the provider thoroughly and choose a market with real demand and job growth. This is exactly what we have helped do at Rent to Retirement for years!

    You're asking the right questions—keep going!

    Best of luck,

    Melissa Justice

    Investment Strategist at Rent to Retirement

  • Melissa Justice
  • [email protected]
  • 313-221-8718
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