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Updated 5 months ago on . Most recent reply
Turnkey or renovate?
Hello, I am looking at some multi family investment properties and I see big difference in price in properties that are turnkey from ones that are fixer uppers. What do you guys think the best route to go is? I can see pros and cons to both sides but I would like to hear some advice from a more experienced investor.
Look forward to reading the replies!
Most Popular Reply
Quote from @Eric Formiller:
Hello, I am looking at some multi family investment properties and I see big difference in price in properties that are turnkey from ones that are fixer uppers. What do you guys think the best route to go is? I can see pros and cons to both sides but I would like to hear some advice from a more experienced investor.
Look forward to reading the replies!
If local and you have trusted crews and YOU know what the reno should cost, then of course reno. If OOS then you do not have a choice, turnkey UNLESS you have trusted crews and YOU know pricing , If you are new then turnkey, for both. RE is just math, If it makes sense do it