Sorry, But Turnkeys Aren’t 100% Hands-Off. For Success, Know THIS.

People think that when turnkeys are advertised as “hands-off,” it means they have to do nothing. Then, inevitably, when something goes wrong, the investor is irritated because things are getting handled. Well, I hate to break your cookie jar and spill cookies everywhere, but turnkeys aren’t fully hands-off! Turnkeys do, however, take care of a lot of the work for you. You don’t have to spend time focusing ...

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Battle of the Cap Rates

Want higher ones, right? I don’t. Confused? I don’t blame you. You heard me right. I am just recently more impressed with 7-10% cap rates than 12%+ cap rates. I’ve had just enough experience in the rental property world to teach me that there is some real value in not ruling out those lower cap rates! What is a Cap Rate? A cap rate is a measure of ...

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The Top 5 FAQs About Turnkey Rental Properties — Answered!

It seems that turnkey rental properties have gotten more and more popular over the last few years. It makes sense — they open up the door (great pun!) for people who wouldn’t have gotten involved in real estate investing otherwise. Turnkeys allow people who don’t necessarily have skill or interest in finding motivated sellers, rehabbing, and managing tenants to still own a profitable rental property. How? Someone else does ...

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The One Piece of Advice You NEED to Read Before Buying a Turnkey Property

Turnkey rental properties seem to be talked about more and more these days, and I hear the question all the time: “Turnkeys seem too good to be true. What’s the catch?” The answer is — no, they aren’t too good to be true. So then, what is the catch? Why isn’t everyone buying these things? I wouldn’t say necessarily that there is a catch, but there are ...

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Using Your Strengths to Succeed as a Real Estate Investor

There is something really cool about real estate investing: how many routes you can go and succeed. I think something so many new folks don’t understand as they get into the industry is how many variations of real estate investments there are. Even if someone does understand how many options are out there, they often don’t realize how to capitalize on having those options. Strengths vs. Weaknesses We ...

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Should You Buy a House for Yourself or Buy an Investment Property?

I hear this question pop up quite a bit. Someone has a nice little chunk of capital sitting around and they are trying to decide whether they should buy a house for themselves or buy an investment property (or 2, depending on where you are living and/or buying). Well? I am usually of the mindset that buying a house for yourself is absolutely not a good investment. If I buy ...

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What Are The Different Kinds of Turnkey Properties?

Thinking about buying a turnkey rental property? Great! I love turnkeys, they are all I’ve ever bought for myself (and plan to buy for myself). I know a lot of folks out there are interested in turnkeys because they are extremely convenient for anyone who either doesn’t want to put in a lot of work for a rental property investment or doesn’t have a lot of time ...

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Do the Markups on Turnkey Properties Kill the Deal?

Absolutely not! Are you crazy? Ok, wait, that was a little rash. It’s kind of hard to yell about something without at least offering a justification for the statement. So I’m going to offer you an analysis on turnkey prices so you can understand what is really behind the prices of these properties. The two biggest objections I hear to buying turnkey rental properties are: The margin between ...

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