Do you want to become a successful investor like Robert Kiyosaki?
Yet don’t have the time to actually look at enough investment properties…
Or know what separates a good deal from a bad one?
By the end of this article, you’ll know how to buy investment properties that put money in your pocket every month (without giving up your weekends to do it).
Are You Too Busy To Become An Investor?
If you’re anything like me then you love the Rich Dad, Poor Dad series of books by Robert Kiyosaki.
I wanted so badly to become an investor and experience the joys of passive income.
But I also had a full time job as an engineer.
It paid well and I had the money to invest, but I didn’t really want to spend hours and hours looking for real estate deals in my free time.
I Thought I Was Chained To My Desk Forever
Because I was time poor, I thought I’d never be able to build my passive income.
So I kept dreaming about passive income, but felt I couldn’t really do anything to achieve it.
As Robert says, you need to go out and look at 100 properties… make offers on 10… get 3 offers accepted… and finally close on just 1 property.
I don’t know about you, but I definitely didn’t have time for that!
Then I Discovered The Easy Way To Invest In Property
In 2011, I came across Turnkey Investment Properties.
These are properties that other investors have already found, renovated, and prepared for tenants.
They even have reliable property managers that will find tenants and manage them for you.
And they give you the financials of the property (so you know you’ll make money from the very start) and all you have to do is buy it.
Why Would People Offer To Sell You Turnkey Properties?
You might think if you found a great investment property, wouldn’t you just buy it yourself?
While turnkey providers are very good at finding and renovating profitable investment properties…
There’s only so much property they can buy themselves and so they set up a business which sells their excess properties to other investors.
Plus, they own their own investment properties and enjoy the passive income from them as well.
How Do They Get Paid?
Turnkey providers invest their own money to find, buy, renovate and find a property manager for your properties.
They factor those costs into the price of property you see listed, so you know exactly what you’re paying (and their fee is included too).
But you don’t pay for any of this until you purchase the fully renovated property and it’s ready for tenants.
Which means the turnkey provider must create attractive investments or you wouldn’t even consider buying them.
Could You Save Money By Doing It Yourself?
Unless you’re already a successful property investor with years of experience… no.
Even if you could find the time to do it…
You’d never be able to match the expertise they bring including professional market research, managing the rehabbing process (plus saving money through their industry connections), and their property management experience.
So it might seem cheaper to DIY in the beginning, but you quickly end up investing more time and money than you planned.
What Business Would You Prefer… McDonald’s Or Bob’s Burger Joint?
A turnkey property is like buying a successful (and proven) franchise business.
The statistics say that about 30% of new businesses survive the first 10 years. This is basically because of the huge learning curve involved and lack of experience.
But according to the Small Business Administration, the top 50 franchises in the US have a 76% (and above) rate of success.
Buying a turnkey property is like buying a franchise where all you need to do is follow the instructions and make sure it’s running correctly.
Some Franchises Fail Too Though…
That’s why you want to buy a proven franchise that you know will work based on its past results.
And the same goes for your turnkey property provider as well.
You want to make sure you buy from a quality provider who you can trust to keep providing profitable properties for years to come.
That’s why I only deal with one provider that I trust, because I’ve seen the sharks out there as well.
How Turnkey Properties Have Changed My Life
I began real estate investing back in 2011 while working my corporate engineering job.
My first purchases were actually overseas in Nicaragua and were followed by turnkey property purchases in Atlanta.
They continue to pay me a passive income and helped me to quit my job (along with the side income I make from helping others to do the same).
So now I travel frequently, work in my pajamas when needed, and create my own schedule. I’m also a licensed pilot and flight instructor who enjoys hiking in the hills and other outdoorsy stuff.
Now It’s Your Turn…
If you’ve read this far then you probably like the idea of turnkey properties and want to know more.
I invite you to click here and get access to our latest turnkey deals while learning how to invest in turnkey properties for yourself.
Then, when you’re ready, we can connect you with our trusted turnkey provider to ensure you get an investment property (or many) that’s right for you.
I look forward to welcoming you to our community.
In case you missed it in the article, check out the Beginners Guide to Investing in Real Estate: Vacation Rentals Vs Long Term Rentals.