Turnkey rental sold at wholesale????

[Curt Bixel]

I see some "Turn Key" rentals for sale from wholesalers.  I can't really figure out why anyone would rehab a property, make it fully ready for renters, and then sell it at wholesale prices.

Does a Turn Key rental for sale from a wholesaler pretty much equal a crappy rehab without permits pulled that simply cannot be sold on the MLS because the seller knows that if a real property inspector were to ever step foot in the place, that the buyers would run for the hills?

[Jay Hinrichs]

well to me willing buyer willing seller that is the market price.. dont be fooled by  the line

Hey it appraised at 125k and you get to buy it for 105k and have 20k instant equity.. in my mind you paid 105k the seller sold for that amount so that is the true value.