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Updated over 8 years ago on . Most recent reply

How Much Down Payment for Turn Key Real Estate
I am going nuts spinning in circles going nowhere so have made it my goal to just buy a turn key real estate investment in like Ohio or Illinois (but I am not region faithful) by the end of 2017. I have been doing some research on line and am really super confused. I am reading that some turn key require 100% purchase price.
I don't want to do that. I want the magic of leverage. I don't see the sense in putting $40,000 down on a little turn key in Ohio with $950 in rents when I could put $11,000 down on four $40,000 little turn key homes in Ohio with $450 rents.
Am I off base?
Do I need to start taking road trips?
Thanks.
Most Popular Reply
Actually, you are brilliant! A lot of people don't understand the ideas behind leverage, and securing a good investment strategy starts with the proper loan. You are absolutely right, in that your 100% cash payment is essentially equal to 2-3 downpayments, generating a hefty multiple than 1 house.
I do think you should network a bit, especially on here, and you'll find a ton of areas with lots of opportunities. Don't take the road trip just yet!
-FL