Turnkey?

[Account Closed]

Hello everyone I am some what new to BP and I am brand new to real estate investing currently working on saving capital to house hack my first multifamily. I am also looking into the possibility of a turnkey property, can some one please give me some information on what a turnkey property is exactly or where I can find that information. My main question would be after buying a turnkey do you have full ownership of that property? Do you have the ability to hire a new property manager and get rid of the one already in place?

[Jay Hinrichs]

@Account Closed if you don't already own your personal resi I think a great way to start is to buy a 4 plex with an FHA loan... live in one and rent the others.. when you do move on you now have 4 doors at a great long term interest rate if you keep that loan.. and ultimate leverage.

this is what a lot of the kids do out here on the west coast that are faced with the same dilemma of high priced.

I just sold one of my partnership inventory here in PDX a few years back it was a great duplex.. I made a loan on another property and used this as cross collateral and ended up owning it.

Anyway I am not in the landlord business so we sold it.. and the buyer was two sisters and their hubbies.. worked perfect for them.