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Kay Yu
  • Investor
  • Austin, TX
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turnkey due diligence - how to?

Kay Yu
  • Investor
  • Austin, TX
Posted Jun 18 2014, 09:52

All:

Thanks to all past BP contributors, as someone looking for my first turnkey purchase this year. Specifically, the most actionable advice I've read is to do your own due diligence.

To summarize: due diligence - physically visit (no problem), find sales comps (redfin), talk to multiple realtors (how-to?), find rental comps (how-to)? The last two are the ones I'm wondering about.

Question 1: How to talk to multiple agents? Most agents aren't geared toward investors and if I do find one that is, I'll be wasting their time, because I'm already working with a turnkey seller. Any suggestions? What have other turnkey buyers done?

Qyestion 2: How to find rental comps? Unlike sales comps (redfin is great!!), I'm running into a shortage of data. craigslist map search is a great resource (ONLY IF THEY HAPPEN to have comps). I'm guessing in some markets, MLS or some other site must be driving the rental market. If craigslist doesn't have the comps, where else do I turn?

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