Turnkey company recommendations?

[Angelique Herman]

Hi all,

I’m new to investing and want to try out of state investing. I’m looking into turnkey opportunities to try out of state investing because I don’t currently have the time to do it all myself. Has anyone used Rent to Retirement? Does anyone have other turnkey they’ve liked and used? Thanks!

[Account Closed]

I think the time for turnkeys is over. The market is too hot and if you add on TK premiums there is very little  chance for you to turn a profit. Back in 2010-2015 the prices allowed TK companies to acquire, rehab and mark up properties and still leave enough meat on the bone for a buyer. Now I see absurd things like less than 1% rent ratios on midwest C class properties, even duplexes! There is NO WAY you can turn a profit on those properties at those prices. At best you will eke out a 4% return with tons of stress along the way. Better buy some index funds and forget about it.