A turnkey property is already renovated and ready to rent, so you don’t have to worry about repairs and can start earning right away.

,Buying, renovating, and selling is a great strategy, but here are a few things to consider:Start with the Numbers: Make sure you know your ARV (After Repair Value) and work backward to calculate your budget, including purchase, renovation, holding, and selling costs.Financing Blindspots: Even if you’re buying in cash, plan for potential delays or overruns in renovation costs.

Looking ahead, I’m aiming to start investing in long-term opportunities in Spring 2025. 

So I’d like my property to be close because until I grow I will be doing any repairs and updating.

What is the loan-to-value (LTV) or after-repair value (ARV) ratio that you offer?

College used to be a lot more affordable, I studied in Europe (where college is free) and it blows my mind to see kids with 200k student loan debt trying to get ahead on a 50k job.The housing market has started to drift apart geographically.

Cash invested: $80,000 Acquired this property Sub-to as a quick flip with minimal repairs required.

Yes, estimated about $30-35K in repairs and negotiated that into the purchase price as best as I could. 

First you need to learn to separate the following:Maintenance: usually things related to wear & tear or tenant damage.Repairs: usually broken items like doors & windows, caused by tenant or nature.Capital Improvements: usually expensive things that wear out: hot water tanks, furnaces, roofs, etc.The seller is correct that Repairs & Capital Improvement items should not be a factor for awhile (ALWAYS get your own inspection to confirm).

Just looking to get a head start I guess you could say.