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Real Wealth Show: Real Estate Investing Podcast
How to Invest in Turn Key Rental Properties
Mar 28, 2025
Leah Collich, an Investment Counselor at Real Wealth, shares her expertise on turnkey rental properties. She breaks down what these properties are and emphasizes the importance of due diligence and inspections. Leah discusses market selection and reveals financing options, including conventional and creative loans. The conversation highlights the long-term advantages of this investment strategy, offering valuable insights for both new and seasoned investors looking to grow their portfolios without the hands-on hassle.
29:48
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Quick takeaways
- Turnkey rental properties offer a hands-off investment approach, appealing to busy individuals seeking to start generating income with minimal management involved.
- Thorough due diligence is essential when buying turnkey properties, as hidden issues and market fluctuations can pose significant financial risks if not properly assessed.
Deep dives
Understanding Turnkey Rental Properties
Turnkey rental properties are designed to offer ease and efficiency for investors looking to enter the real estate market. These properties are fully renovated, inspected, appraised, and managed by licensed professionals, ensuring they meet specific standards of quality. Unlike traditional rentals, which can require significant renovation and oversight, turnkey properties are marketed as ready to inhabit, allowing investors to simply 'turn the key' and start generating income. However, it is essential to thoroughly investigate what 'turnkey' means when engaging with various suppliers, as the term can be misused and may not always reflect the actual condition of the property.
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