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You’ve probably heard of “turnkey” real estate before, but odds are, what you were told about wasn’t actually turnkey. Real estate agents or even real estate wholesalers might tell you that a property is turnkey, but it’s most likely far from it. In reality, turnkey rentals start making you money on (or close to) day one, have significant renovations already finished, and are meant to be easier for you, the investor, to take care of. What do we mean?
We brought turnkey investor (and turnkey provider) Chris Clothier from REI Nation back to explain what a turnkey property is and what it is NOT, so next time you get pitched a “turnkey” investment, you can make a clear distinction. Plus, he shares some turnkey real estate red flags to avoid as someone investing in turnkey properties for decades!
00:00 Turnkey Real Estate 101
00:26 What is “Turnkey” Real Estate?
01:12 What is NOT Turnkey
02:12 The Turnkey Benefit
03:51 Do WAY Less Work
04:37 Turnkey Red Flags