Updated over 4 years ago on . Most recent reply
I love my Turnkey Investments. BP is skeptical. Am I just lucky?
I have a strategy I call out of state turnkey residential investing or "OOS TK SFR". We have all our properties in this model and have great experiences for several year now. When I speak to people here on BP, a lot of them tell me that turnkey does not have a good reputation on Bigger Pockets, sometimes even to the point of being surprised when I describe what we do, how we do it, and how well we have been getting the desired results, especially when it comes to cash flow.
Am I just lucky, what are your experiences, and what do you think about turnkey investing in residential real estate?
Most Popular Reply
@Dennis Wayne I see what you mean, but I'll just go back the fact that it seems like we're jumping to conclusions without knowing all the facts. I'd like to invite you to show me where in my post I showed an opinion. Perhaps it was where I said there is a surefire way to discredit yourself, I'll admit to my abrasiveness. But anyone that's spent time in discussion and human interactions can see how your post may be very standoffish. And, if we're just going off profiles, can you please direct me to where your profile shows your real estate transaction and credentials? I just checked and couldn't find anything. Not saying you haven't done any, I'm just pointing out a statement of hypocrisy.
As for me, I just started investing in RE December 2019. I have 4 properties now, my first I spent $20k to get into, the second one I made $4,000 off the refinance, another I made $20k off the refinance, and the last I will make about $5k off the refinance when the refinance closes. So while I'm new, I'd say I'm doing alright & those four properties are cash flowing a total of $2400/month by using rent by room methods. I'm very proud of this, though small compared to many on BP, and hope to have 10 units by the end of 2021.
It's unfortunate that we got off on the wrong foot. And wish you good fortune in all your Real Estate goals and endeavors.