Higher uptick in Turnkey availability ?

[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?

[Curt Davis]

In our market most TK providers are selling out faster than we can get them.  

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.

[Tom Ott]

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! 

[Nate Sanow]

@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...

[Nate Sanow]

@Tom Ott  thanks for sharing sir.  

[James Wise]

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.

[Nate Sanow]

@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.