In recent years, the real estate market has seen a significant uptick in the popularity of turnkey properties. For many budding real estate investors, understanding what is a turnkey property has become crucial to navigating the investment landscape. This guide delves into the nuances of turnkey properties and why they're gaining traction.. Investing in real estate is an excellent option for a steady income and building generational wealth.Still, for individuals living in a high cost of living area, the local rental property is expensive. Also, even if the numbers pan out for a cash-flowing rental, owning and managing a rental property can be a lot of work.

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Turnkey definition. Turnkey is a common word in real estate investing, but it can also be used to describe a home that's intended to be your permanent residence. A turnkey property can be a single-family home, and consumers often use the term to refer to recently renovated houses, but it can also refer to an apartment building or duplex.. Simply put, turnkey rentals are single-family rentals, houses or duplexes that are rented to long-term tenants. "Turnkey" refers to the fact that these properties have been renovated and are.