Initial Investor: Turn-Key Investing Companies

Initial Investor: Turn-Key Investing Companies

Tucson, AZ · Member since 2020 · 14 posts · 5 votes

Looking to purchase my first property, but I have been suggested by someone to look into turn-key companies in a location that is more affordable and in a growing area. Using a turn-key company would allow me to enter the market at a lower cost, less expensive location, and have them manage the property, at a decent rate, while still learning about property owning/loans/tenants/etc. and dip my feet into the rental property investing realm.

Our goal is to buy local properties in the next couple years, but this is an option to enter the market sooner. Looking for experience and recommendations on whether people think this is something worth pursuing or not. Thanks!

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Real Estate Coach · Venice Beach, CA · Member since 2012 · 6k+ posts · 3k+ votes
5y

Most of my portfolio is turnkeys. Lots of people badmouth them, but I think they're great and they are all I care to buy. Bought my first one 9 years ago in 2011 and have worked with them ever since. Happy to answer any questions if you need help!

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  • Real Estate Coach · Venice Beach, CA · Member since 2012 · 6k+ posts · 3k+ votes
    5y

    Most of my portfolio is turnkeys. Lots of people badmouth them, but I think they're great and they are all I care to buy. Bought my first one 9 years ago in 2011 and have worked with them ever since. Happy to answer any questions if you need help!

  • Tucson, AZ · Member since 2020 · 14 posts · 5 votes
    5y

    @Ali Boone thanks for the reply, really appreciate it. There looks to be really promising properties out there through some companies, glad to know people are investing in them successfully.

  • Real Estate Agent · Member since 2020 · 13 posts · 5 votes
    5y

    @Ali Boone which turnkeys have you used?  Im curious to hear about peoples experiences as many people do bash them here.  Thanks!

  • Real Estate Coach · Venice Beach, CA · Member since 2012 · 6k+ posts · 3k+ votes
    5y
    Originally posted by @Josh Saladino:

    @Ali Boone which turnkeys have you used?  Im curious to hear about peoples experiences as many people do bash them here.  Thanks!

    Shoot me a message or email. Happy to chat.

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