Saturday, March 5, 2016

Property #12

So we recently went under contract on Property #12.  It's another turn key property in Memphis.  Having done 2 of these already the comfort level is there.  We went under contract and have completed inspection.  The appraisal cam back above what we offered so that's always good.

We closed recently on this property and they actually had found a renter BEFORE we closed.  So we're now at 12 properties with them ALL rented.  Still at 100% capacity which blows my mind. The first turnkey we bought they had it rented within ~30 days of closing.  The second one was rented within 3 days of closing.  The third one (this one) was rented prior to closing.  This turnkey thing just keeps looking better and better.

Sorry for the short post, but these turnkey properties just seem so uneventful.  Doesn't make for very interesting reading, but when your on the investing side, uneventful is a beautiful thing :)

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