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Updated almost 5 years ago on . Most recent reply

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6
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Nicholas DeFelice
  • Rental Property Investor
  • New York, NY
2
Votes |
6
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Questions Regarding "turnkey" Investments

Nicholas DeFelice
  • Rental Property Investor
  • New York, NY
Posted

Good Afternoon all,

In the course of my never-ending research, I've come across a couple questions that I haven't been able to find an answer or solution to and would like to see what you think.

Here's the big question; when making an offer on a "turnkey" property, do you go through a realtor or do you contact the company directly? 

There seems to be as much bad as there is good to be said going around about these kinds of investments. Of course each company is it's own, some good and some bad. What is your overall take? 

I've never made an offer on a turnkey property, however, a good buy is a good buy and I wouldn't rule it out completely if it meets your criteria.

Most Popular Reply

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126
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114
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Ron Todd
  • Rental Property Investor
  • Oklahoma
114
Votes |
126
Posts
Ron Todd
  • Rental Property Investor
  • Oklahoma
Replied

I have used a realtor in every buy I've made except for the turnkey one. If you can find a company you trust and they give you a thorough proforma, I don't see much value in bringing a realtor in short of having them validate the proforma information. Again it's built on trust so if you don't know the company or have a connection that recommended them to you, I would be wary. The turnkey I bought wasn't a home run by any means, but it provides a good return in a relatively stable market and has **knock on wood** been one of the smaller headaches of a house to own.

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