(770) 836.1178 Facebook Logo Twitter Logo LinkedIn Logo Youtube Logo Google Logo

Carrollton Property Management Blog

Purchasing Turnkey vs Fixer Upper Properties

Ben Ginther - Tuesday, October 1, 2019

In a previous blog, we looked at the difference purchasing a more modern investment property vs purchasing an older investment property. In this blog, we will take a similar topic: turnkey properties vs DIY properties.

Although those are the two ends of the spectrum, those are not the only two options; properties can be purchased in any condition in between. The bottom line is that it depends on what the investor’s comfort level is. 

David Greene authors an article on BiggerPockets, entitled, “Choosing Between Turneky & DIY Rentals? This is a MUST-Read Before You Decide.” In it, Greene highlights some factors to consider prior to making that purchase, including:

  • How much of a “cheapskate” an owner is - will an owner do only what is necessary, and bear all of the burden themselves?

  • How much work is an owner willing/able to do - does the owner wish to hire outside help to handle every part of the process?

  • Understanding the options based on the above answers - based on what level the owner wishes to be involved may limit options for purchase

  • How to determine which option is best for a particular investor - figuring out the current level of knowledge or interest an owner has, and whether they plan to obtain more, will aid in this decision

Greene’s final bit of advice: “Find your sweet spot. Get your hands dirty. Jump in, learn, and get the most out of what free websites like this offer you. They may not be free forever! Pay the price to learn the business and reap the rewards later. Don’t shortchange yourself or count yourself out because it feels overwhelming or awkward. Believe in yourself and these resources. Value learning over earning.

To read the full BiggerPockets article, click here.

Vision Realty & Management

402 Adamson Square
Carrollton, GA 30117


Affiliations Logos AAA Logo Georgia MLS Logo Georgia Realtor Logo
Facebook Logo Twitter Logo LinkedIn Logo Youtube Logo Google Logo

Copyright © 2019 Vision Realty & Management. All Rights Reserved. Website by PMW  |  Sitemap  |  Contact Us

Vision Realty and Management is committed to ensuring that its website is accessible to people with disabilities. All the pages on our website will meet W3C WAI's Web Content Accessibility Guidelines 2.0, Level A conformance. Any issues should be reported to info@visionwestgeorgia.com. Website Accessibility Policy