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.
Filed under Investment Strategy
Related terms
- Wholesaling2023
- Urban Sprawl2023
- Turnkey Rental2023
- Turnkey Provider2023
- Traditional IRA2023
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