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Updated about 4 years ago, 10/11/2020
Higher uptick in Turnkey availability ?
Just curious if you are seeing more and more “turnkey” properties available in your market? I am beginning to notice that here, particularly in the off market sector.
Inherited tenants always present a unique challenge but I’d imagine even more so now.
Could be where the next rush of opportunities are and not necessarily in a massive foreclosure rush.
Thoughts?
Normally we get a lot of homes from wholesalers but in order to get the homes we have to do a lot of the same marketing they do in order to compete to get them.
- Curt Davis
Originally posted by @Nate Sanow:
Just curious if you are seeing more and more “turnkey” properties available in your market? I am beginning to notice that here, particularly in the off market sector.
Inherited tenants always present a unique challenge but I’d imagine even more so now.
Could be where the next rush of opportunities are and not necessarily in a massive foreclosure rush.
Thoughts?
Turnkeys have been going in the blink of an eye in Cleveland ever since the beginning of 2020. This pandemic has only made them go faster!
@Curt Davis thank you for sharing. Do you mean you are doing wholesaler marketing, or marketing to the wholesaler? If the latter, that is certainly a unique problem to have...
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#5 All Forums Contributor
- Real Estate Broker
- Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Originally posted by @Nate Sanow:
Just curious if you are seeing more and more “turnkey” properties available in your market? I am beginning to notice that here, particularly in the off market sector.
Inherited tenants always present a unique challenge but I’d imagine even more so now.
Could be where the next rush of opportunities are and not necessarily in a massive foreclosure rush.
Thoughts?
Inventory remains tight, despite the pandemic.
@James Wise
Yes I think opportunities may still largely be open to that because so much cash is ready for acquisition and the distressed sellers are largely segmented.