31 Questions to ask a Turnkey Seller before buying

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31 Questions to ask a Turnkey Seller before buying

Investor · Indianapolis, IN · Member since 2015 · 143 posts · 82 votes

For all of you interested in purchasing turnkey properties.  Please do your due diligence on the turnkey providers.  There are some bad ones out there.  You can start by asking them these questions when speaking to them.  It has been very helpful for me.

http://www.cashflowdiaries.com/31-questions-to-ask...

Let me know if you can think of any other questions.

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James SlaughterPro Member
Environmental Scientist / Investor · Statesville, NC · Member since 2015 · 94 posts · 41 votes
11y

@Alexander A.

 Great post, love the links, LOTS of great information.  Good Luck!

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  • James SlaughterPro Member
    Environmental Scientist / Investor · Statesville, NC · Member since 2015 · 94 posts · 41 votes
    11y

    @Alexander A.

     Great post, love the links, LOTS of great information.  Good Luck!

  • Accountant · Hobe Sound, FL · Member since 2015 · 15 posts · 1 vote
    11y

    great post and info. 

  • Investor · Indianapolis, IN · Member since 2015 · 143 posts · 82 votes
    11y

    Thanks for the votes!  

  • Investor · Whittier, CA · Member since 2010 · 33 posts · 21 votes
    11y

    #1 says it all, thanks.

  • Investor · Indianapolis, IN · Member since 2015 · 143 posts · 82 votes
    11y
    Originally posted by @Ken Martinez:

    #1 says it all, thanks.

     The very first turnkey rental I ever tried to buy in 2013 was from a marketer before I knew there were marketers out there and I was inexperienced at turnkey purchasing.  Anyhow  I was able to find the same house listed on the real turnkey providers website listed 4k cheaper then what the marketer had it listed for.

    Lesson learned real quick!! 

  • Investor/RE Broker · Eugene, OR · Member since 2014 · 3k+ posts · 968 votes
    11y

    @Alexander A.

    Nice post and useful.  One of your questions on appliances can vary in different markets.  For example it may be the norm in a particular area for the tenant to provide their own refrigerator and/or stove.  Although less likely on the latter.  If this is the case then it would be fine for the TK company not to provide those appliances.

  • Investor · Indianapolis, IN · Member since 2015 · 143 posts · 82 votes
    11y

    @Larry Fried

    Good point!  Ill update the post now on the fridge. I think that is quite strange but youre right, that definitely can happen.

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