Turnkey
- Due diligence is required
- Little to no work involved
- Has tenants already paying rent
- You don’t force appreciate like BRRR
- Already have a property manager
BRRRR
- Buy a distressed property
- Rehab or renovate a property
- Rent the property to tenants
- Refinance the property
- Repeat
Which one is better? It depends what you are looking for. Are you looking to do work? Are you looking for an easy buy where it is already setup with tenants and little to no work? It is up to you to know what your goals are and what you are willing to do.