Episode 3: Turnkey Rental Properties Brain Drain OfferMarket Podcast
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- Investing
In this episode, Daniel shares everything you need to know about investing in turnkey rental properties. Topics covered in this podcast include:
0:10 What are turnkey rental properties?
2:03 How to find turnkey rental properties for sale
02:54 Cash On Cash Return
05:15 Actual turnkey rental property deal review
07:26 Rental property management
09:02 Best markets for turnkey rental properties
12:31 Rental property loans
14:22 Do your due diligence, property inspection
What are turnkey rental properties?
You can purchase leased rental properties with little to no deferred maintenance. There are turnkey rental property providers across the United States that specialize in rehabbing distressed properties, leasing and then flipping them to rental property investors. It's definitely an interesting niche in single family real estate.
How to find turnkey rental properties for sale:
- join wholesaler buyers list
- Facebook groups (search "Real Estate Investor Network")
- Subscribe to OfferMarket Deal Flow (https://www.offermarket.us/survey/subscribe/deal-flow)
Cash On Cash Return:
How much free cash flow is a given turnkey rental property generating relative to the amount of cash invested in the deal? This is the most important metric for real estate investing, in our opinion. It's important to factor in depreciation by building a reserve for maintenance that the property will need over time. Depreciation is a real expense! On this note, EBITDA is highly misleading...
Actual turnkey rental property deal review:
- 10.5% cash on cash return
- 11% cap rate
- extensive due diligence, inspection
- East Stroudsburg, PA
Best markets for turnkey rental properties:
- St. Louis, MO
- Memphis, TN
- Baltimore, MD -- Baltimore City and Baltimore County
- Indianapolis, IN
- Columbia, SC -- high property taxes in Richland County
Check out current exclusive and off-market turnkey rental property inventory: https://www.offermarket.us/listings
Rental property loans:
- Conventional mortgage for investment property (W-2 required)
- No doc rental property loans (DSCR loans)
------- Resources -------
Full turnkey rental property podcast transcript: https://www.offermarket.us/blog/offermarket-podcast-episode-3-turnkey-rental-properties-brain-drain
Check out OfferMarket Capital, our private lending platform which features the most competitive and transparent rates and terms for rental property loans (no doc DSCR loans), fix and flip bridge loans: https://www.offermarket.us/capital
Check out OfferMarket investment property marketplace for exclusive and off-market turnkey rental properties for sale: https://www.offermarket.us/listings
Deal overview for the turnkey rental property in East Stroudsburg, PA: https://www.offermarket.us/listings/2209-Linden-Ln-East-Stroudsburg-PA-18302-USA
In this episode, Daniel shares everything you need to know about investing in turnkey rental properties. Topics covered in this podcast include:
0:10 What are turnkey rental properties?
2:03 How to find turnkey rental properties for sale
02:54 Cash On Cash Return
05:15 Actual turnkey rental property deal review
07:26 Rental property management
09:02 Best markets for turnkey rental properties
12:31 Rental property loans
14:22 Do your due diligence, property inspection
What are turnkey rental properties?
You can purchase leased rental properties with little to no deferred maintenance. There are turnkey rental property providers across the United States that specialize in rehabbing distressed properties, leasing and then flipping them to rental property investors. It's definitely an interesting niche in single family real estate.
How to find turnkey rental properties for sale:
- join wholesaler buyers list
- Facebook groups (search "Real Estate Investor Network")
- Subscribe to OfferMarket Deal Flow (https://www.offermarket.us/survey/subscribe/deal-flow)
Cash On Cash Return:
How much free cash flow is a given turnkey rental property generating relative to the amount of cash invested in the deal? This is the most important metric for real estate investing, in our opinion. It's important to factor in depreciation by building a reserve for maintenance that the property will need over time. Depreciation is a real expense! On this note, EBITDA is highly misleading...
Actual turnkey rental property deal review:
- 10.5% cash on cash return
- 11% cap rate
- extensive due diligence, inspection
- East Stroudsburg, PA
Best markets for turnkey rental properties:
- St. Louis, MO
- Memphis, TN
- Baltimore, MD -- Baltimore City and Baltimore County
- Indianapolis, IN
- Columbia, SC -- high property taxes in Richland County
Check out current exclusive and off-market turnkey rental property inventory: https://www.offermarket.us/listings
Rental property loans:
- Conventional mortgage for investment property (W-2 required)
- No doc rental property loans (DSCR loans)
------- Resources -------
Full turnkey rental property podcast transcript: https://www.offermarket.us/blog/offermarket-podcast-episode-3-turnkey-rental-properties-brain-drain
Check out OfferMarket Capital, our private lending platform which features the most competitive and transparent rates and terms for rental property loans (no doc DSCR loans), fix and flip bridge loans: https://www.offermarket.us/capital
Check out OfferMarket investment property marketplace for exclusive and off-market turnkey rental properties for sale: https://www.offermarket.us/listings
Deal overview for the turnkey rental property in East Stroudsburg, PA: https://www.offermarket.us/listings/2209-Linden-Ln-East-Stroudsburg-PA-18302-USA