Turnkey Investment
Definition:
Turnkey Investment refers to a type of real estate investment where a property is fully renovated and ready to rent out immediately, often with tenants already in place. Turnkey properties are sold by companies that specialize in buying distressed properties, renovating them, and managing them on behalf of investors. This is a hands-off investment strategy, ideal for those who want to own rental properties without being involved in the day-to-day management.
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🔍 Did You Know?
Turnkey investments are popular with out-of-state investors or those who want to diversify their real estate portfolio without being actively involved in property management.
Examples:
Example 1:
An investor buys a turnkey single-family rental property for $150,000 that has been fully renovated and is already rented for $1,200 per month. The investor collects passive income while the property management company handles the day-to-day operations.
Example 2:
A company buys a distressed multi-family building, renovates it, and sells it as a turnkey investment with tenants in place, allowing the buyer to generate immediate rental income.
Why It’s Important:
Turnkey investments provide a hassle-free way for investors to own rental properties without dealing with renovations or property management. It’s a popular choice for those who want to generate passive income while investing in real estate with minimal involvement.
Who Should Care:
- Out-of-state investors looking for passive income opportunities.
- Busy professionals who want to invest in real estate without the hands-on work.
- Lenders offering financing for turnkey properties.
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