Turnkey or Rehab/Rent

[Ronald Mejia]

Good morning BP!

I have been trying to decide between purchasing a turnkey rental or a distressed property to fix and rent. My funds are pretty limited (30k-40k), after running the numbers on the turnkey it comes out to about +$250-$350 after all expenses are paid. MY thought process is a distressed property may be too big of a project for the amount of funds I currently have.

Would love to hear the communities input on this.

Thanks BP!

[Seth Young]

If you don't have the time and want to take a more passive investment route I would suggest going turnkey. If the property is fully renovated prior to purchase and you feel comfortable with the management team. I would do try to get as much transparency about the renovation itself and some statics from the property management company. Best of luck with all your investing! @Ronald Mejia