If you’re considering jumping in to the exciting world of investing in real estate, consider investing in turnkey real estate for maximum return on your income or ROI. Why? Turnkey real estate is an incredible gig – you buy a ready to rent or already rented, fully renovated property, get hooked up with an ace property manager, and your focus, life and bank account don’t get drained by the day in and day drudge of rehabbing or being a hands-on investor who does it all – unless that’s your thing, of course.
Turnkey Real Estate Investing is Simple
Buying turnkey real estate or not is a simple question – and if you’re already a turnkey investor, we’re pretty sure you agree: do you prefer being called in the middle of the night about a broken toilet or would you rather buy a property with working plumbing and someone else to answer the phone if, for some reason, something does break? This is an important question for anyone, and especially for those who want to buy more than one rental (and most investors do, eventually, want more than one rental). The more rentals you buy, the more cash-flow you acquire, however, if you’re trying to do it all to save money, the more your time gets lost in the day in and day out of running several properties.
Turnkey Real Estate Investing Makes Dollars and Sense
When you have more time to focus in on what matters to you, relaxation and the bigger picture, you gain a broader view of your goals which enables you to plan, buy and, ultimately, make more money – smarter. With turnkey investing, you know what your profits will be and you can allot money each month to future vacancies and repairs so you don’t end up blind-sided by a sudden tenant eviction or a busted pipe. Further, when you’re not stuck, yes stuck, rehabbing a fixer upper and you buy a place that’s ready for renting, you don’t end up paying more than you should, and unless you’re an expert property rehabber, you probably will. With turnkeys, you buy from an expert rehabber who knows the best deals and the best vendors so that they can offer you the best price for your money.
Robert Kiyosaki, author of the famous Rich Dad, Poor Dad series, stated that, “Real estate investing, even on a very small scale, remains a tried and true means of building an individual’s cash flow and wealth.” It’s true. Real estate investing is a speedy, and smart, way to increase your cash-flow. That being said, there are a lot of different angles of approach when you invest in real estate. Some people love rehabbing, some love quick flips and some prefer the ease and predictability of turn key renting. For the first time or newer investor especially, turnkeys just are an excellent angle of approach for you to take.