Should You Invest in a Turnkey Home?

A turnkey home basically means there's nothing to do with the property except turn the key. "Turnkey" can have different meanings, in some cases referring simply to a home that needs no renovations, but is most often used to describe a property that comes fully furnished as well.

If you're looking at buying investment properties, turnkey homes can be very attractive because they won't require sweat equity -- and they can be ready for you to move into or rent out immediately. But there are pros and cons to consider before deciding whether this type of investment is right for you.

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Source Fool.com