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Updated over 4 years ago,
Any Successful No Rehab (Turnkey) Investors on here
As I’ve learned more and more about real estate, I’ve come to the conclusion that I have no interest in flipping or doing a full rehab on a property I’m interested in. I’m taking a “buy and hold” strategy with tenants approach.
With that being said, the houses I plan to purchase should be move in ready or a “Turnkey”. Of course this means I’ll end up paying more for the property and that’s okay.
It seems that more people are focused on finding wholesalers, getting a property flipped etc.
Am I in the minority? Where I live in Arizona, a decent house will be $225K or more.
I want my property to be move in ready on the day of acquisition and if I have to pay that, it seems like the cost of doing the business I prefer. Thoughts? Suggestions?