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Updated over 10 years ago on . Most recent reply

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Derek Carroll
  • Syndicator and Fund Manager
  • Victor, NY
345
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760
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Turn key out of area

Derek Carroll
  • Syndicator and Fund Manager
  • Victor, NY
Posted
How are people finding out of area turn key investors? I come across a lot of deals that are good monthly cash flow generators that would be great for those looking on a buy and hold strategy but they aren't attractive flip opportunities.

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Ryan Mullin
  • Real Estate Broker
  • Louisville, KY
495
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575
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Ryan Mullin
  • Real Estate Broker
  • Louisville, KY
Replied

There are a lot of users on BiggerPockets that are looking for good "out of state" deals to hold onto.   That's the easy part.   The hard part is having an operation able to provide property management after the sale.  If you sell "turnkey" properties the investors buying them are relying on you to do everything in the field.  Its very challenging to balance acquisitions, rehabbing, leasing and management.  If the properties don't preform your reputation will suffer and you probably won't sell to many.  I actually just wrote an article here about how an ideal turnkey operator should function if you feel like reading :) 

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