All Forum Posts by: LaTonga Smith

@Veena J. Thank you! What type of financing did you use starting out with the turnkey?

Thanks @Matt Holmer that makes sense! I guess I will spend some time researching and reading on BP about turnkey.

As a newbie investor in Columbus, Ohio, I have a question. Are turnkey investment properties a good place to start?

The reason that I ask is because they seem to be a bit overpriced. I have found one property that is listed at $69,000. It has 5 bedrooms, 2 Baths and approximately 1,957 sq ft. The home was recently purchased from the City Lank Bank this past November. Because I am a licensed real estate agent, I KNOW that this property is way overpriced for this neighborhood. The auditor gives the appraised value of $39,300.

This property is located in a high rental area for low income individuals and could easily rent for $1,050.00 per month. Given that all renovations have already been completed their are no repairs.

Is this price typical of turnkey properties?

Thank you all so much for your generous comments and well wishes! I guess I didn't expect such a great response! I am humbled!

@Linval T. Thank you!

@Ramon Jenkins Thank you!

Hey @Andrew Davis! Thank you so much for such a hearty welcome! I am looking forward to reviewing the links and info that you provided!!

@John Farrell Thank you! 

@Esaul Viramontes Thank you! 

@James Wise Thank you!