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Updated over 8 years ago on . Most recent reply

Lisa Renee's profile image
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Lisa Renee
  • from Lithia Springs, Georgia
  • Member since Oct 3, 2016
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Lisa Renee's profile image
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Lisa Renee
  • from Lithia Springs, Georgia
  • Member since Oct 3, 2016
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Lisa Renee
  • Lithia Springs, GA
4
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Starting Out

Turnkey for newbies

Lisa Renee
  • Lithia Springs, GA
Posted

Hello BP Family,

I just discovered this term TurnKey. It sounds absolutely ideal being that I can't house hack due to my current and future location in the world. What are your thoughts on turnkey properties for newbies in REI? I will not have the ability to house hack for at least the next 2-3 years.

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Anton Ivanov's profile image
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Anton Ivanov
  • Rental Property Investor
  • from Rio Rancho, NM
  • Member since Sep 24, 2013
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Anton Ivanov
  • Rental Property Investor
  • from Rio Rancho, NM
  • Member since Sep 24, 2013
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Anton Ivanov
  • Rental Property Investor
  • Rio Rancho, NM
815
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Anton Ivanov
  • Rental Property Investor
  • Rio Rancho, NM
Replied

@Lisa Renee

It could definitely work and can potentially reduce some of the risk and time associated with finding and rehabbing properties, at the cost of you paying a higher price for the investment up-front.

There are tons of great blog and forum posts about turnkeys here on BP, so I suggest you give them a read to learn more about how they work.

  • Anton Ivanov
  • [email protected]
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