Is turnkey investment good idea ?
Hello,
I need some recommendation if a turnkey options is the best idea.
At the moment I live overseas working for a major airline.
I want to invest in rental properties and this turnkey option came across my research.
I have been talking to this big group that offer this option,
Please I need if possible a feedback wether this is a good deal and if you would take it.
It's a SFH 3/2 located north of the Tampa area ( holiday)
Their asking price is 125K which is about 6% over the market value.
What they offer I really like because gives me peace of mind being far away from the property.
They offer is the following:
2 year rental guarantee
1 year appliances guarantee
2 year PM cost covered
The rent at the moment is 900/month
Taxes are 65/month
Of course I need to add extra expenses such as insurance, water n sewer, lawn maint, etc
My plan is to finance it with an investment mortgage with 20% down.
Do you think is a good deal ?
Should I research for more options?
Is it a good idea to finance it with a traditional mortgage or are there any other ways to do it ?
I really appreciate any comments on this
Thank you