Turnkey Rentals: Outstanding opportunity or dangerous investment?

In this episode, Tom and Michael discuss the pros and cons of investing in turnkey rental properties. They highlight the convenience of having a tenant already in place and the potential for a more “passive” income, but also acknowledge the lack of control over setting up the property, and the potential hidden fees. They also discuss red flags and risks associated with turnkey real estate investments, such as overlooked repair and maintenance costs, and the need for thorough due diligence on both the property and the turnkey provider. Michael, emphasizes the importance of grounding investment decisions in reality rather than relying solely on spreadsheets or projections.

 

Brought to you by myfiacademy.com