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Updated over 5 years ago on . Most recent reply

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Shaye Pentino
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Is turnkey a good start?

Shaye Pentino
Posted

Hi my husband and I are just starting to invest in real estate. Is turnkey a good start?

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Travis Watts
  • Investor
  • Florida
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Travis Watts
  • Investor
  • Florida
Replied

@Shaye Pentino I could be...depending on you and your strategy. I was actively investing in single-family homes for many years and determined that passive investing was a better strategy for me. That doesn't mean passive investing is the right path for you though. Turn-Key is nice because you can "hit the ground running" in real estate without lengthy delays and rehabs and hand-on work; however, it is not a truly passive model if that's what you're looking for. Even with a property manager to oversee it, you will still have vacancy issues to consider, tenant issues will occur and common home problems such as a hot water tank breaking or leaking will happen. I chose to shy away from all of this completely over time, but I still "park" my money in real estate. I invest passively in real estate syndications, but again....everybody is different. It depends on you, the deal itself, and how involved you want to be. Best of luck!

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