Any Recommendations on Buying a Turnkey at $45k-$65k?

Buying & Selling Real Estate
11yFollow

Any Recommendations on Buying a Turnkey at $45k-$65k?

Jie Li
Fremont, CA · Member since 2015 · 50 posts · 7 votes

Hi,

this is Jie. I'm a new member to BiggerPockets. 

Right now I'm doing a 1031 exchange that I need to buy a replacement property for $45k or more. I plan to buy in the price range of $45k-$65k for a turnkey property since I don't want to pay too much out of pocket. Can anyone give me some advices on good market and turn key providers in today's market? I'm looking for long term investment that can give me decent cash flow (cap rate 8%+)

Thanks!

Jie

Fremont, CA

0Reply
65 views

Most Popular Reply

Curt DavisBusiness Member
Flipper/Rehabber · Memphis, TN · Member since 2008 · 5k+ posts · 2k+ votes
11y

@Jie Li

What you need to keep in mind is that when you buy homes in the $65k range or lower, property management becomes one of the most important elements to your success.  There are lots of markets that offer this type of product but not all have real solid mgnt in place.  

You should do some research on several markets that offer this type of product and then dig in a little to figure out who you think might be best for your company.  Go to Turnkey-reviews.com to use that as one of your due diligence pieces.  You can find these companies ow your own and get a better price.

Good luck

Curt Davis - KAIZEN Realty538 Reviews
WebsiteView Page
4Reply
See this reply in the discussion

29 Replies

Jump to latestLatest
  • Jie Li
    OP
    Fremont, CA · Member since 2015 · 50 posts · 7 votes
    11y

    @Mark,

    Thanks! I saw you were investing in the US while you were in China. How does it work out? Does it make it more difficult than invest out state?

    0Reply
  • Jim Workman
    Investor · La Crescenta, CA · Member since 2013 · 174 posts · 50 votes
    11y

    @Jie Li   Re: William Robison

    I know William used to rehab & flip houses, and I know he has taken over a rehab-gone-bad for one of his clients, but I don't know if he does that normally.  You can call at

    816-804-1226.  If nothing else, he may be able to advise you about the KC market.

    0Reply
  • Jie Li
    OP
    Fremont, CA · Member since 2015 · 50 posts · 7 votes
    11y

    @Jim

    Thanks for the info!

    Jie

    0Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free