New York, NY · Member since 2016 · 27 posts · 4 votes
Hey BP community!
I’m looking for a reliable turnkey company with properties in the Phoenix, AZ metro. Preferably based in the area.
Recommendations will be appreciated!
Thank you!!!
The margins here are pretty tight to have a company buy a property, fix it, and sell it to you for profit and still leave enough meat on the bone for you to profit as well on the rental side. The turnkey market here is pretty non-existent and has a larger footprint in South and Midwest.
The margins here are pretty tight to have a company buy a property, fix it, and sell it to you for profit and still leave enough meat on the bone for you to profit as well on the rental side. The turnkey market here is pretty non-existent and has a larger footprint in South and Midwest.
@Account Closed What Bob said is consistent with what I understand about that market. You won't find a turnkey company in your area just because the numbers don't work. You have to look to markets with better rent/price ratios. That's what I started doing back in 2012 when I started with turnkey. Look Midwest & southeast. But make sure you visit the area and meet those you are considering working with. Turnkey companies are plentiful in these areas, but the really good ones are much harder to identify.
Hey BP community!
I’m looking for a reliable turnkey company with properties in the Phoenix, AZ metro. Preferably based in the area.
Recommendations will be appreciated!
Thank you!!!
I am not too sure about that market, but Turnkeys, in general, can be a great investment!
@Account Closed What Bob said is consistent with what I understand about that market. You won't find a turnkey company in your area just because the numbers don't work. You have to look to markets with better rent/price ratios. That's what I started doing back in 2012 when I started with turnkey. Look Midwest & southeast. But make sure you visit the area and meet those you are considering working with. Turnkey companies are plentiful in these areas, but the really good ones are much harder to identify.
Thank you Larry!
It seems that you guys knew something I didn’t! Lol
In what markets do you work with turnkey properties?
As my first investment, I would like to have a move-in ready home to get some experience with the process.