Turnkey Rental Properties

[Steven Zai]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $77,500
Cash invested: $15,500

Turnkey rental property

What made you interested in investing in this type of deal?

I wanted to increase my passive income.

How did you find this deal and how did you negotiate it?

I found this deal via Martel Turnkey on biggerpockets.com

How did you finance this deal?

Conventional Financing

How did you add value to the deal?

None

What was the outcome?

Purchased with 20% down and achieving monthly cashflow

Lessons learned? Challenges?

Deciding which turnkey house to purchase based on pictures alone.