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Updated about 5 years ago on . Most recent reply

User Stats

177
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Delbert Standifer
  • Rental Property Investor
  • Carson, CA
74
Votes |
177
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Turnkey investor in California

Delbert Standifer
  • Rental Property Investor
  • Carson, CA
Posted

I'm trying to buy a turnkey property from roofstock any advice for me?

Most Popular Reply

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Tom Ott
  • Equity Raiser and Turnkey Provider
  • Cleveland, OH
1,367
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4,766
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Tom Ott
  • Equity Raiser and Turnkey Provider
  • Cleveland, OH
Replied
Originally posted by @Delbert Standifer:

I'm trying to buy a turnkey property from roofstock any advice for me?

 They aren't really a TRUE Turnkey Provider. A real provider ideally owns the home first (NOT A LISTING) then they renovate it all in-house. They should also place a tenant prior to closing, this way it is cash-flowing from day one. The other big thing is to make sure the TK provider does the management IN-HOUSE! They should not push you off on some other "Trusted" partner. I don't think roofstock really checks these boxes. They are just a marketplace. 

Try looking at:



5 Keys to Turnkey Real Estate Investing

and

Assessing the Risk of a Turnkey Real Estate Company

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