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Updated over 9 years ago, 06/14/2015
Turnkey Property Selling Advice Needed
I have a few properties in Memphis, TN & Houston, TX that I have done all the repairs and even rented the units out at generous 10% + ROI. I am looking for anyone interested in Turnkey properties. What are some ways to find turnkey buyers. I am use to wholesaling and finding other investors who want deep discounts 60 - 70 % off ARV. But now that I have rented the units out, done all the repairs and put a property management in place where do I find these types of buyers who solely want to buy based on ROI? Also what kind of offering should I give. Please advise!
Here is one property that I have that's available
7922 Midland Forest Dr, Houston TX 77088
My Price is $120,000
It currently rents for $1300 Month
Taxes $2000 Year
Insurance $1800 Year
Property management $130 Month
HOA: $300 Year
Neighborhood B+
Here are the numbers using Biggerpockets Calculation