Microsoft Start | Jan 30, 2024 | Mia Rodriguez
When looking to build wealth through real estate, investors have two main options - turnkey or conventional investing. Both come with pros and cons, so it's important to weigh your goals, timeline, budget and risk tolerance.
"We started out buying run-down properties, fixing them up, and renting them out ourselves," said REI Nation founder and CEO Kent Clothier Sr. "It was rewarding but extremely time- and labor-intensive. We knew there had to be an easier way for investors to benefit from residential real estate without all the hassles."
The answer was turnkey - a hands-off approach that allows investors to own rental properties without handling any of the legwork involved. A turnkey company like REI Nation purchases, renovates and rents the property, then transfers ownership to the investor under a triple-net lease agreement.
So, what are the key differences between turnkey and conventional real estate investing? And how do you decide which strategy is better for your goals?