Turn Key what is it?

Question

quick question what is a turn key home?

Thanks i appreciate all answers.

Kyle J. · Answer

A home that is move-in ready, with little to no repair work required. All you have to do is turn the key, open the door, and move right in.

Lyall Storandt · Answer

Kyle Holsey Hey Kyle, sometimes the term "turn-key" is used to describe a rental property being sold with a tenant already in place. In other words, you're buying a fully rehabbed asset with the passive income stream already in place. The only issue with purchasing this type of investment is that you typically will not capture the same equity that you would buying a distressed property and rehabbing it yourself.

Feel free to give me a shout if you'd like more details regarding either type of investment.

Xing Zhu · Answer

Condo hotels are like that. Even small problems may always exist, the management rental companies  take care of them probably without charging you. Of course, less all the costs, your rental income is small, only good for a passive investor like me.

Kyle Holsey · Answer

Thanks Alot!

Marc Bodinger · Answer

Probably the best kind of property to buy/invest in. Less headaches and no surprises after inspection.

Prashant P. · Answer

Also to add on to Kyle's response, it is a home that you can buy and rent out asap.  There are no repairs to be made.

Turn Key what is it?

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