A turnkey property has historically been defined as a piece of real estate that can be purchased as-is and immediately rented out. Turnkey has expanded in recent years to include anything that can be conducted from a distance (i.e. a turnkey fix and flip) and generally refers to rental properties that are purchased, often with a tenant in place, by an investor who will not be interacting directly with the property.
Are You Lending Across State Lines?
Check licensing regulation. What’s routine at home could pose serious risk somewhere else....
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