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Updated about 6 years ago on . Most recent reply

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38
Posts
9
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Joan-Marie Pagan
  • Cape Coral, FL
9
Votes |
38
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Investing in turnkey in IL with 10k down

Joan-Marie Pagan
  • Cape Coral, FL
Posted
I would like to pick up a couple turnkey properties for buy and hold in Indianapolis IL, would like to try to do so with 10k to work with. Does anyone have any advice or contacts on my plan. I’m in the very beginning stages of my research on this area and am looking to connect with the correct people to help make this possible or hear form those that have done this. Thanks in advance!

Most Popular Reply

User Stats

670
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352
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Jeff Wallenius
  • Specialist
  • Indianapolis, IN
352
Votes |
670
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Jeff Wallenius
  • Specialist
  • Indianapolis, IN
Replied

@Joan-Marie Pagan I'm assuming your leveraging the $10K? You may be able to use that money to buy turnkey but I assure you that you will not be in areas that are desirable. A true turnkey in this area will be $50-100K depending on the asset class and I would advise you to stay away from anything priced lower. Let me know if you have questions, but do not buy a $10K house in Indianapolis, you WILL lose money!

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