Turnkey Properties For Sale
Investing in turnkey rental properties is the simple, boring, and highly effective way to build long-term wealth with real estate. Our turnkey properties for sale come to you fully-renovated to an exceptional standard by high-quality operators in all of the markets we invest in. By focussing exclusively on high-quality renovations, conservative deal underwriting, and exceptional property management, you can build a profitable real estate portfolio that delivers steady price appreciation and cashflow – helping you to achieve your long-term financial goals. Browse some of our current inventory turnkey rental properties for sale here…
*We are constantly reviewing a live dealflow of around 30 to 50 potential turnkey investment properties. To receive details of approved turnkey rental properties for sale before we publish them, join our VIP Investor List
Check Back Often to Find New Turnkey Rental Properties For Sale – or join our VIP Investor List to receive details of new off-market turnkey rental properties for sale before they hit the public domain
Turnkey Properties For Sale FAQs
Why Buy Turnkey Rental Properties?
Buying high-quality turnkey rental properties is by far the simplest and most straightforward way to add profitable real estate to your investment portfolio. Because turnkey rentals have already been renovated, there are no construction projects to plan and execute, no contractors to manage, and no nasty or costly surprises with unexpected costs, time delays, or disappointing after-repair valuations. What you see is what you get!
By focussing on finding turnkey rental properties for sale that have undergone a high-quality renovation, you will attract the best quality tenants, and your operational expenses for repairs, vacancies, and capital expenditures will be much more reasonable. All that translates into stable, consistent cashflow, and steady price appreciation, ensuring you capital never stops working for you.
What Makes a Good Turnkey Rental Property?
Location will always be the most important aspect of any long-term real estate investment. But the best way to manage risk and ensure your investment is as successful, profitable, and headache-free as possible is to focus on high-quality renovations.
Anyone can buy a cheap property, slap on a little paint, and install cheap LVP flooring. But creating a solid ‘future-proof’ asset that will generate stable consistent cashflow, grow in value over time, and won’t turn into a ‘money pit’ is a specific skillset that requires years of experience in real estate, project management, and general contracting.
Good turnkey properties for sale will have a long useful life in all of the major CapEx items like the roof, sewer line, plumbing, furnace, wiring and HVAC. And to attract the best quality tenants, the big ticket remodel projects like a brand new kitchen, bathroom and modern interior and exterior updates are essential.
You also want to make sure your turnkey properties produce enough net cashflow to cover all of your operating costs and mortgage payments. Anything more than that is pure profit – which you can use to pay down your mortgage early, or save to add more value to the property with value-add home improvements.
What Makes a Bad Turnkey Rental Property?
Many investors are attracted to cheap property with high rents. That’s understandable because those deals look great on paper. But the reality is very different.
Cheap ‘D-Class’ real estate tends to be located in poor quality neighbourhoods with little chance of solid long-term price appreciation. The properties themselves have also typically been under-maintained for many years. The fresh coat of paint and shiny new floors often hide a horde of fundamental (and very expensive) issues that you’ll end up paying for one way or another.
D-Class properties also attract D-Class tenants. That means late rent, no rent, property damage, evictions, and expensive turnovers – only to find your next tenant to be no different. Stick to buying turnkey properties in better neighbourhoods with a better tenant base.
Which Property Markets are the Best for Turnkey Investment Properties?
You should focus on buying turnkey rental properties in markets with good long-term appreciation potential, and where the properties generate sufficient net cashflow.
Turnkey Investment Property Market Criteria
- Stable or growing population
- Resilient jobs market
- Affordable housing
- Sufficient cashflow
We focus on buying turnkey properties in the more affordable housing markets in the suburbs of major metros in the Midwest, Northeast and South.
How do I Buy a Turnkey Rental Properties?
You can find turnkey rental properties for sale right here. Just browse our selection in this portal, or you can schedule a call with one of our real estate investment experts and we can give you access to our priority list of off market deals.
Wherever you decide to buy your first turnkey property, make sure to do your own due diligence, including the following:
Due Diligence For Turnkey Properties
- Local property market analysis
- Independent home inspections – general, sewer scope, and roof
- Independent appraisal
Never buy a turnkey rental without getting your own independent inspections and appraisal.
Can I get a Mortgage to Buy Turnkey Rental Properties?
Yes – most investors use a DSCR loan to purchase their turnkey investment properties. DSCR loans are a great tool for investors because the lender doesn’t need any proof of your income, credit, tax returns, or debt-to-income ratio. They focus on underwriting the property – making sure it generates enough net operating income (cashflow) to cover the mortgage payments.
We work with a panel of specialist mortgage lenders that provide pre-approvals for our turnkey properties for out-of-state and overseas investors.
DSCR Mortgage Terms for Turnkey Investment Properties
- Up to 80% loan-to-value
- 30-year fixed interest
- Rates from 5.5% to 8%
If you’d like to get pre-approved for a DSCR loan within 2 to 4 days, you can schedule a call with one of our real estate investment experts, and we’ll guide you through the process.
Where Can I Find Turnkey Properties For Sale
There are lots of providers offering turnkey rental properties for sale in the United States. Some of the more reputable companies include: Cashflow Rentals, Real Wealth, Norada Real Estate, Rent to Retirement, and Spartan Invest. Make sure to do your due diligence before buying a turnkey rental property, including a home inspections, sewer scope, and independent appraisal.
Risks of Buying Turnkey Rental Properties
There are a number of risks to consider when buying turnkey rental properties. Often, sellers offering turnkey properties for sale focus on cheap housing in rough neighbourhoods. While these deals can look good on paper, they invariably come with problem tenants, lower appreciation, and higher costs of repairs and property management. It’s better to find turnkey properties for sale in better neighbourhoods with a more reliable tenant base. You should also look out for the quality of the renovation of any turnkey properties for sale. Make sure to get multiple homes inspections and an independent appraisal.
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