For many first-time investors there are a number of questions/concerns that keep them sitting on the fence. How do I find the right properties? Who do I talk to about renovating the properties? How do I manage the properties while still working my normal job? One possible answer is Turnkey Real Estate Investing!
What is Turnkey Real Estate? It’s new or rehabbed properties that are ready for tenants to move in to. With this type of development project the builder typically assumes all of the risk up front when purchasing and fixing up the homes until they have been rented out. These properties are then offered to prospective investors who have the opportunity to buy or finance them, often times with tenants already in place. Many of the properties are available at below market rates which helps to ensure that they will generate positive cash flow!
What are the benefits of Turnkey Real Estate? One of the most significant benefits is that Turnkey Real Estate properties often come with a complete team to handle every facet of the investment process. The builder takes care of finding/constructing the properties, buying them (often at below market value) and refurbishing them so they are ready for tenants to move in to. Since the builder deals in volume and has business connections they can find/make deals that individual investors might have a harder time achieving on their own. The builder also typically works with a professional property management company that handles the day-to-day operations once the tenants are in place. Furthermore, the builder often has connections with other professionals in the industry they can refer you to for financing, insurance or asset protection. Think of it as a one-stop-shop! This provides an opportunity that takes a lot of the guesswork out of the equation, especially if you’re looking to get started in real estate investing but don’t have much experience.
All of this adds up to an investment opportunity that can help to maximize your profits while minimizing your risks. These properties are set up to give you the best chance at generating positive cash flow! The builder can review the numbers with you, including financing, to make sure that the investment makes sense. If Turnkey Real Estate Investing sounds like something that you would like to pursue I recommend that you do your homework and see what’s available. Many of the builders that offer turnkey real estate properties are very accommodating and will gladly answer any questions you may have. If you’ve been looking to start out in real estate investing but don’t have the expertise then Turnkey Real Estate may be what you’ve been looking for!
Memphis Buy And Hold is specializing in locating, purchasing, renovating and managing single-family and multi-unit properties and possesses from 2007 up to the present of experience in real estate investing and property management in the Memphis and Nashville markets.