Turnkey Investing pros and cons

[Christopher Pryor]

What are the pros and cons of turnkey investments? I just want to make sure I know what I am getting myself into?

Requirements?

Benefits?

[Ali Boone]

Pros: 

• They let you learn investing basics with less risk and complicated stuff
• Experts take care of everything for you, just less the due diligence and basic management you still need to do
• About as hands-off as you can get owning real property. Minimal time requirement.
• They cash flow

Cons:

• Not a ton of opportunity for value-add outside of market increases (which aren't really available today)
• You'll pay market value for the property

Requirements:

• Nothing different than what you'd need for a normal rental property-- 20% down minimum for the loan, if financing. 
• Due diligence is technically required on any property, but turnkeys need due diligence done on them as much as any other property

Most of my portfolio is turnkeys. Feel free to reach out and ask anything if you have any questions.