Turnkey Questions (FL? MF? CF?)

[Greg Moore]

Greetings BPers - I have a few questions about your experience with Turnkeys. I have combed through previous posts and picked up some valuable insights, but have a few questions remaining:

1. Florida: Have you had any success with a good Turnkey company in Florida you can recommend? Jacksonville, Orlando, Tampa, and the outlying areas are the areas I'm most interested in

2. MultiFamily: Is there such a thing as Multifamily Turnkey for apartments of 5+ doors? (Typically when I see someone post a question like this my response is www.lmgtfy.com!)

3. Cashflow: What do you expect to make per door on Turnkey SFHs?

[Ali Boone]

1. Florida: Have you had any success with a good Turnkey company in Florida you can recommend? Jacksonville, Orlando, Tampa, and the outlying areas are the areas I'm most interested in

The only turnkeys I know of in FL are in Jacksonville. No cash flow anywhere else that I know of. I've never been a J-ville fan for investing though so can't give you any info on them.

2. MultiFamily: Is there such a thing as Multifamily Turnkey for apartments of 5+ doors? (Typically when I see someone post a question like this my response is www.lmgtfy.com!)

No. Turnkey companies, as we know them, deal in bulk. There's no really access to bulk distressed commercial properties, whereas they're everywhere for residential.

3. Cashflow: What do you expect to make per door on Turnkey SFHs?

It varies. Every market and property type is going to offer different returns. Turnkeys right now, in general, are ranging around 6-10% cap rates, most of them being between 6-8%. The net income after financing might be anywhere from $90-350/month. Just depends.