Kat • April 15, 2019 • Real Estate, Rockstar Content
Last modified: April 25, 2019
You have provided some sound steps on the due diligence process on turnkey properties.
I would say just get educated by reading as much as possible, going to different websites, chatting with investors and service providers such as agents and real estate attorneys. Also know that usually numbers from real estate brokers do not tell the whole story because (1) they want to make the property look better from a financial standpoint to sell the property and (2) there are different variables which go into a calculation (ie cap rate) so they might be providing you with their own definition.
But at the end of the day, action is the key to really learning. Do as much work as possible to better prepare yourself to understand what you are stepping into but, only by taking action, will you really know how to get better in identifying turn key rentals.
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