Where are turnkey buyers?

Buying & Selling Real Estate
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Where are turnkey buyers?

Account Closed
Investor · Member since 2026 · 26 posts · 21 votes
Seems like most of the people I connect with are flippers and those that do rehabs. Where are the long term buy and hold investors that just want a turnkey home that they can place a tenant in and cash flow?
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Drew SygitBusiness Member
Property Manager · Royal Oak, MI · Member since 2012 · 13k+ posts · 9k+ votes
2mo

how likely is an investor to cashflow with a Turnkey rental, that someone else already rehabbed and is rightly looking to sell at a profit?

[email protected]248-209-6824
Logical Property Management4.9469 Reviews
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  • Caleb Brown
    Real Estate Agent · Kansas City · Member since 2018 · 4k+ posts · 3k+ votes
    2mo

    It would help if you added the area/city for where these would be 

    0Reply
  • Rick Albert
    Real Estate Agent · Los Angeles, CA · Member since 2018 · 2k+ posts · 1k+ votes
    2mo

    They are out there, you just have to network and find them. Are you a Realtor? A wholesaler? More context would be helpful on what your role is and what your goals are.

    0Reply
    • Account Closed
      OP
      Investor · Member since 2026 · 26 posts · 21 votes
      2mo

      @Rick Albert wholesaler looking to work with out of state investors 

      1Reply
    • Rick Albert
      Real Estate Agent · Los Angeles, CA · Member since 2018 · 2k+ posts · 1k+ votes
      1mo
      Quote from @Account Closed:

      @Rick Albert wholesaler looking to work with out of state investors 


       Wholesalers work exclusively with investors, so the property has to be sold at a discount. I don't think I have ever seen a "turnkey" property presented by a wholesaler. The owner would make more money if they went to the open market (assuming the property can be delivered vacant).

      0Reply
  • Aristotle Kumpis
    Specialist · Long Beach, CA · Member since 2011 · 887 posts · 399 votes
    2mo

    A lot of them belong to companies like Rent to Retirement, Marshall Reddick, Real Wealth etc. Are you trying to market to them?

    0Reply
    • Account Closed
      OP
      Investor · Member since 2026 · 26 posts · 21 votes
      2mo

      @Aristotle Kumpis always looking to market to rental investors 

      0Reply
    • DK S.
      Member since 2026 · 9 posts · 1 vote
      1mo

      Not to be ignorant - but is rent to retirement a buyer? Or a listing company? The others you mention? Are they all low ball outfits? Been trying to figure out how to find my property a buyer, but not wanting to give away.

      0Reply
  • Michael K GallagherBusiness Member
    Real Estate Agent · Columbus OH · Member since 2018 · 1k+ posts · 1k+ votes
    2mo

    that is because that is where the "get rich quick" seeking money goes, and the velocity of money.  which is ironic cause flipping and whole saleing take consistency but that does seem to be where the majority of the "investors" end up or go to produce cashflows to turn into other business ventures.  its is likely that some of those flippers you are meeting will eventually be buy and hold investors so its a bit of a long game but worth staying in front of them if thats your bread and butter.

    [email protected]614-362-2231
    0Reply
  • Jacob CamhiBusiness Member
    Hinton, WV · Member since 2026 · 135 posts · 42 votes
    2mo

    many long-term buy-and-hold investors are chasing the same off-market deals as flippers, even if their exit strategy is different. the true 'turnkey' buyer often prioritizes convenience and predictable cash flow over a rehab profit margin. 

    i'd focus your networking efforts. connect with real estate agents who specialize in investor sales, especially those who work with out-of-state clients looking for passive income. 

    also, reach out to property management companies in your area. they often have a direct line to landlords who are looking to expand their portfolio without the hassle of renovations or tenant placement. 

    are you specifically seeking out investors from high-cost-of-living areas like california or new york, or those looking to diversify into your market?

    0Reply
  • Arman AhmedPro Member
    Real Estate Agent · Columbus Cleveland Dayton, OH · Member since 2024 · 2k+ posts · 966 votes
    2mo
    Quote from @Account Closed:
    Seems like most of the people I connect with are flippers and those that do rehabs. Where are the long term buy and hold investors that just want a turnkey home that they can place a tenant in and cash flow?

    There are definitely still plenty of buy-and-hold investors looking for turnkey, but they tend to be quieter because they’re more focused on finding a deal that actually works than chasing the next project. A lot of out-of-state buyers I’ve come across are looking in Midwest markets for rent-ready homes with solid tenant demand and enough cash flow to make the numbers worthwhile. The key is having realistic rents, true operating expenses, and a property that doesn’t need a bunch of surprises after closing.

    [email protected]614-418-6081
    1Reply
  • Drew SygitBusiness Member
    Property Manager · Royal Oak, MI · Member since 2012 · 13k+ posts · 9k+ votes
    2mo

    how likely is an investor to cashflow with a Turnkey rental, that someone else already rehabbed and is rightly looking to sell at a profit?

    [email protected]248-209-6824
    Logical Property Management4.9469 Reviews
    WebsiteView Page
    1Reply
  • Jimmy LieuBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2019 · 3k+ posts · 2k+ votes
    2mo
    Quote from @Luke Noh:
    Seems like most of the people I connect with are flippers and those that do rehabs. Where are the long term buy and hold investors that just want a turnkey home that they can place a tenant in and cash flow?

    Hey Luke, we're definitely out here! I'm primarily a long-term buy-and-hold investor myself, and there's a lot to like about a simple rent-ready property that cash flows without needing months of rehab first. I think flippers and rehab investors are just more visible because there's naturally more to post about during a project. For turnkey deals, I'd still underwrite them the same way as any other rental and make sure the numbers work after management, vacancy, maintenance, CapEx, taxes, and insurance. "Turnkey" is convenient, but it's only a good investment if you're not paying too much for that convenience. Happy to connect and answer any questions you have!

    [email protected]614-300-7535
    Jimmy Lieu, Red 1 Realty4.9122 Reviews
    WebsiteView Page
    0Reply
    • DK S.
      Member since 2026 · 9 posts · 1 vote
      1mo

      I am finding turnkey want to make gobs of money day one. And in this market it may not - but it is still a good longer term hold. Where are the buyers who get that?

      0Reply
    • Rick Albert
      Real Estate Agent · Los Angeles, CA · Member since 2018 · 2k+ posts · 1k+ votes
      1mo
      Quote from @DK S.:

      I am finding turnkey want to make gobs of money day one. And in this market it may not - but it is still a good longer term hold. Where are the buyers who get that?


       So you are saying you want to find a buyer to pay retail price who won't make a lot of money? Have you run the numbers on your property? Everyone analyzes properties differently and the percentages for expenses vary by market. There's capital expenditures, property management, tenant placement, legal, repairs, vacancy, utilities, plus the mortgage, property taxes, and insurance. Plus they want to make a profit, which is reasonable. My hunch is that these buyers aren't asking for gobs of money, I think they just need the margin to cover these costs.

      0Reply
    • DK S.
      Member since 2026 · 9 posts · 1 vote
      1mo

      Numbers are always subjective. And real estate is no exception. How much work do you want to do yourself? What kind of tenants do you want. How much turnover? Vacant? Maintenance? Capital expenditures?How easy to rent? But generally in a slower market you are not going to get a turnkey highly rentable low vacancy property at bottom dollar. I am finding people who think it’s like Monopoly. You are just supposed to buy at bottom dollar and sit back and collect high returns. Just pass go and collect….

      0Reply
  • James Wise
    Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
    1mo

    Oh they are out there. You need to have the properties, and if you do, they'll come to you if you market them properly.

    0Reply
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