At first glance, turnkey investing looks pretty good, right? You get a rent-ready, rehabbed house, often with a tenant already in place, all without having to do any of the leg work.
And while that is mostly true, there are pros and cons to buying turnkeys.
Turnkey investing has some unique advantages over more traditional real estate investing:
As with just about anything, there are also some disadvantages of buying turnkey properties. Some of these may not be "disadvantages" per se, but more like things you should be aware of:
Even with the above being said, I still believe that buying turnkey properties is a great way for many people to get started with real estate. The next lecture will help you figure out if turnkey investing is right for you.