What Are The Loan Options For Turnkey Rental Properties? (Easy Street Capital Video)

[Robin Simon]

Ever Heard the term "Turnkey Rental Property" and didn't know what it meant?

Turnkey simply means “rent-ready” or in livable, good condition from day one! The term comes from the idea that all the investor needs to do is “turn the key in the door” to get started, with no renovations, dirty work or inspection or certificate hassles to worry about!

Turnkey rental property investing can be a great strategy for newbie and large portfolio mogul alike since a lot of the hard work is already done (no renovations or even finding a tenant needed!)

However, when it comes to finding rental property loans to finance these purchases, its important to understand the nuances and differences between the loan options for turnkey rentals and other types of investment properties, such as distressed properties for the #BRRRR strategy or flips, or conventional mortgages you may be used to for buying your primary residence!

This video will have you covered on everything you need to know about investing in turnkey rental properties!

👀📺✅In this Video we will cover

➡️Key Metrics to Evaluate When Buying Turnkey Rentals

➡️How To Buy Turnkey Rental Properties

➡️Loans for Turnkey Rental Properties (DSCR Loans)

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More FREE Resources

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✅5-Minute WebApp for a DSCR Loan!

➡️https://bit.ly/4capFy2

✅FULL ARTICLE: What Are Turnkey Rental Properties? (And How to Finance Them!)

➡️https://bit.ly/3UATPEG

✅DSCR Loans Guide 2024 with DSCR Calculator Tool!

➡️https://bit.ly/3TWZUvs

✅12-Part DSCR Loan Series published here on BiggerPockets!‬

➡️https://bit.ly/3IUUIBZ

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⏰ Jump To ⬇️⬇️⬇️

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00:00 Intro

00:16 What's A Turnkey Rental Property?

02:21 Key Metric: Net Operating Income / Cash Flow

02:54 Key Metric: Rent-To-Income Ratio

04:08 Key Metric: Cash-On-Cash (CoC) Return

04:41 A Couple of Deal Examples - Running the Numbers!

06:09 How To Buy Turnkey Rentals

07:58 Easy Street Capital = Best Lender for Turnkey Rentals

10:09 Get Started Now

The information provided on EasyStreetCap.com and in any accompanying Easy Street Capital video is intended for general informational purposes only and is not intended to serve as professional financial advice in the real estate investment industry