What Are Turnkey Properties?
A turnkey property is an investment property that a company, like Memphis CashFlow, purchases and then rehabs so an investor can acquire the house and rent it for regular cash flow. We work closely with investors from all over the United States to find, purchase and manage properties here in Memphis. Our real estate market is ripe for investment because of the lower housing price and higher renter population than other cities.
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Steps To Turnkey Invesment
We have recommended steps to take before you start investing in turnkey properties. Whether you're new to real estate investing in general or this type of invesment, we recommend you consider these steps as you start on your journey. There are certainly more steps to turnkey investing, but these will help set a solid foundation and make your opportunities more successful. We want your experience to be exceptional and it starts with a bit of planning:
Step 1: Examine Your Resources - consider your capital and current portfolio
Step 2: Consider Your Market - take a good look at the Memphis real estate market
Step 3: Make Your Move - start looking at the properties we have listed as available
Step 4: Construct A Cash Flow - plan and execute on your investment properties
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Get Answers To Turnkey Property FAQs
Q: Why choose a turn key property versus investing on my own?
A: Investing in a property on your own certainly isn’t a bad idea. The upside of a turn key property is in the name - it’s a much simpler investment. If you invest on your own, you must go through the entire research and purchase process on your own. For some real estate investors, they don’t have the time for the entire process and do not live near the property. Instead, they’d like to invest in turn key properties because of the time savings and partnership with a local property management company.
Turn key property investment is more about time savings and a simpler investment process. Sure, you can certainly get more for your property investment on your own, if you know what you’re doing and you’re willing to go through the entire process.
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