Best place to find turnkeys?
Hey all,
Looking to invest in a few properties in the Arizona area. I've been recently thinking a lot about turnkeys and thought they might be a good investment in a good area. I was wondering where are your go-to sources to finding turnkeys? Most sites that I go on like Zillow etc. don't have an option for that.
Most Popular Reply
Turnkey is much less about the state, and FAR more about the team on the ground. Without an amazing team on the ground, TK is difficult from a distance.
When we sell, we ensure equity is left on the table for the buyer so that there's an easier sale if they choose a future liquidation event. Many TK providers do not, however. So the investor goes to sell and finds out they've overpaid by $20K and have no exit strategy now.
Your best scenario would be finding a company that operates in a way that will let you pay 10-15% less than appraisal so you at least have some equity built in.
Not sure if you can achieve that in AZ, much easier to achieve in OH, IN, KY, MO, etc.