?Turnkey Survey: Would you rather…

[Tara Piantanida-Kelly]

I often hear investors say that out-of-state turnkey deals aren’t great because they are often at (or above) retail pricing, and you “make your money when you buy”. That being said, assuming the numbers work for you (1.5% rule? C+/B- or above neighborhood? Whatever is important to you, etc.), would you rather:

• Buy a completed turnkey property for $60,000 which is currently rented for $900/month, or
• Buy a wholesale house for $30,000, hire a “boots on the ground” team to manage your rehab and tenant vetting and take your chances on rehab and holding costs.

Thanks for your thoughts!

Cheers~

Tara Piantanida-Kelly