Turnkey In a Hot Market Still Profitable?
Hey all,
Would love to get some feedback on investors working with turnkey companies. I have been in contact with a few. Some work vertically integrated with everything in house, but cash flow returns aren't worth it to me when I run all the numbers. Some argue that these same markets are starting to appreciate more than ever, but generally in the past they don't appreciate at all. Then I wonder if that's a start of a new trend, or just because of the current hot market. Then there have been turnkey companies with better numbers on paper, but everything is not in house (work with subcontractors, third party management) so I don't know which way to turn. Is there anybody currently investing in turnkey and if so where and how has that been going? Would appreciate some feedback, feeling very discouraged lately.