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Updated almost 9 years ago,

User Stats

12
Posts
1
Votes
Lindsey Maroun
  • Bakersfield, CA
1
Votes |
12
Posts

turnkey investing from out of state

Lindsey Maroun
  • Bakersfield, CA
Posted

I am looking to invest in the GA real estate market, and I am considering buying through turnkey because I live in California.  From the turnkey websites I have found, it seems like the sale prices are being set at a rental income/purchase price of ~1.0%.  Does anyone know of a turnkey that offers a better rate?  Considering the rental versus home prices in and surrounding Atlanta, I would expect a turnkey to offer a rate closer to 1.5%.  If I am going to purchase a home at full value from a turnkey, would I be better off to buy a home that doesn't need repairs with a realtor and just find a property manager to rent it out?  Any feedback and insight from the local gurus would be helpful! Thanks.

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