Turnkey vs Finding Local Deals

[Sam Haack]

Has anyone actually done the math on whether it would be better to build a local team and find deals in your area vs just investing in turnkey properties? Lets say you valued your time at around $50/hr. I wonder if continuing your job and letting a turnkey provider do the rest would result in a better return on your time and money than doing it all yourself. Full disclosure, I do work with a turnkey company but I have never actually worked out dollars and cents on this issue. It seems to mostly be people's preference on whether or not they go the turnkey route. I would just be interested in quantifying time and dollars spent on RE investing through both strategies.

[Aj Parikh]

I went for the turnkey route because it was an easy thing to get into out of state investing. Also, with a 9-5 job, i felt it was tough to manage contractors and property managers so turnkey worked out well for me.