A turnkey property is an investment property that a company acquires and rehabs—and in some cases already gets tenants in the house—for a client to then own and receive regular income (cash flow) from renting.
The problem is—you don’t have time to find the properties or manage them.
We provide the services you need to find, purchase, and invest in Memphis turnkey properties, along with property management so you can be elsewhere and know your property has tenants and any fixes are being addressed promptly. There’s nothing more bothersome than investing in a property but having to manage every aspect of it. This is why we find and provide turnkey properties in Memphis, Tennessee, and you can start searching here.
A turnkey company finds and rehabs a house for an investor to then own and rent. Many turnkey companies also provide property management for investors, so their property can be easily managed no matter where the investor lives.
To illustrate how this type of property investment works, let’s look at an example. Let’s say we have man named Joe who lives in California. Joe has some extra money set aside for investments and he wants to diversify his portfolio. He decides the Memphis, Tennessee, real estate market is strong because growth is consistent and median house prices are relatively cheap.
Joe could either search for a property on his own, purchase and rehab the property all by himself. Then he could try to get tenants in the house and keep it rented. However, Joe doesn’t have time to search intensively for a house, go through the purchasing process or get tenants in the house.
Instead, Joe would like to own a piece of property, develop a new stream of cash flow and diversify his investments without having to spend too much of his time managing everything.
Joe finds Memphis CashFlow, which specializes in turnkey property investment and management. Joe can easily select a property from Memphis CashFlow, even one that already has tenants, and he can even receive rental assistance for the tenants so he doesn’t have to manage it.
Joe decides to move forward. He invests in one of Memphis CashFlow’s real estate properties, he already has tenants so he starts receiving his stream of cash flow, and he leaves the property/rental management to Memphis CashFlow and its partners.
Steps To Turnkey Investment
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 investment, we recommend you consider these steps as you start on your journey. There are certainly more steps to turn-key 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
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.
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