Financing your first turn-key investment can seem like a daunting task. Amongst the array of financial white noise it is difficult to decide how much you need to save for a turn-key investment and how to finance the down payment. This article will answer those questions and lay the financial groundwork for how to financially posture yourself to invest with a turn-key provider.
How much do I need to save for a turn-key investment?
This number is going to depend on the purchase price and the type of financing. For the sake of brevity I will focus on the most common deals that our turn-key providers offer, which are properties with a purchase price between $90,000 and $150,000 with 20% down on a conventional bank loan. For these types of investments, you should target to save between $20k - $30k.
Our providers can also assist you with finding an investment through a self-directed Individual Retirement Account (IRA). This deal will look a little...