Turnkey homes through investment companies

[Dave Whittaker]

Does anyone have any positive or negative experiences purchasing homes from an investment company which they rehab, screen tenants and property manage in another state?  These homes go for 40-45k after rehabbed which would be cash purchases.  

[Tom Ott]

Originally posted by @Dave Whittaker:

Does anyone have any positive or negative experiences purchasing homes from an investment company which they rehab, screen tenants and property manage in another state?  These homes go for 40-45k after rehabbed which would be cash purchases.  

$40k-$50k AFTER rehab??? Which market are you looking into? We are no longer living in 2008. You might want to check out the neighborhood. Just because a property is super cheap, does not mean it will be a great investment. You have to wonder what kind of tenants you will be getting. Are they really the kind that will stay the length of the lease and pay on time without going to eviction court???

Try looking at:

The Best Types of Markets for Profitable Turnkey Properties

and

What to Ask When Working With a Turnkey Provider