You are spot on.  

A friend of mine purchased a 6 thousand dollar sport bike for 1500 bucks from someone in a tight spot.

So, I bought it on the spot.

The prep process was very labor intensive (knocking down high spots with a sander, filling in large cracks/gaps/gouges with cement filler, containing all the concrete dust from sanding) and laying it down took several days of fairly difficult and slightly messy work.

Like I mentioned above, we aren't trying to find a get rich type thing, just a better spot to keep our funds while things come together.

The things that concern me are there was some water spots in the basement but the owner says someone put a hose in the window well and left it running.

One reason to build it out is its darn hard were we live to buy one lot let alone have 27 of them all in one spot that we don't have to try to buy one at a time or a few at a time.this is one of 6 subdivisions I have going in the Metro market. this is the largest smallest is 5 lots..

Originally posted by Brant Richardson: My personal feeling on turnkeys is they are good for somebody who wants to stay focused on their non real estate career but would like to invest in a property or two.You are spot on Brant.

You might find a good spot for rehab or rent that way.

Welcome Eddie DeCambre come to investor underground or big daddy's burger for a good spot to meet other investors in Austin.