Clark Howard gives a thumbsdown to TURNKEY.

[Account Closed]

He hasnt seen people who buy AND come out ahead on exit.  Same as variable annuities.

Another example  Hedge funds.       Promoters get all the money.   Investors say WHAT HAPPENED.  Ask CA retirement funds.

I wish Lane K would do  a case study on himself.   He is liquidationg his entire portfolio of Turkeys to scale up he says.   Assuming he has held for awhile selling today should be EASY PEASY money.

[Elizabeth Wilson]

@Account Closed - You ask a great question!  Why don't we Memphians not buy all the turnkeys in the area and share the investments with anyone else?

Super simple: there are too many properties here in the Memphis area for the number of local investors.  Over half of the city are life-long renters (strange but true) and the majority that do own their own home can't/don't invest.  Also TK are fantastic tools for a more passive OOS investor (obviously purchased correctly and from a reputable firm). Many local investors would prefer to manage their own properties so the selling/price point of a TK doesn't fit with their preferences.

One thing I love about REI is that there are so many options for people.