Have you ever wanted to have your cake and eat it too? You can do that now, at very low costs to self. No, we are not talking about baking cupcakes here, we are talking about a kind of real estate investment that will offer you a steady cash flow but with very little creases to break your head upon. That’s what turnkey investments enable you to do. No wonder then, that such kind of investments are getting popular by the minute in the real estate world.
You have probably heard about property-on-rent and flipping houses. True they make for remarkable options if you want to invest in real estate for passive income. But nothing can beat turnkey investments if you want to make the most of an upsurge in the real estate market (especially, if you don’t personally live there).
Here are 3 reasons that will make you look at turnkey real estate with an open eye and a broader mind:
Takes the heat (and the pain) off the owner– OK, so let’s assume that you are a resident of the North, but the sunny, breezy ways of Florida have caught your attention on a vacation and not to mention the lucrative real estate market there. So, you want to invest? Where do you turn to? Turnkey investments, of course. The management and upkeep of the property then becomes the responsibility of the turnkey company. You can get a clear idea of costs associated with the upkeep and maintenance of your rental property and then leave the all hair-splitting to the professionals.
Mailbox money, in no time– There are all kinds of real estate investments and all of them takes varying degrees of time to bear fruit. But with turnkey investments, it is all about money in your mailbox in no time and without any hassle. Sounds like having your prayers answered from the Heavens? It is a little bit like that. Given that you have knocked the door of a competent turnkey company; they will have renters lined-up for you from the minute you own the property. Now, let us hope that you have invested in a market where property prices are low and rents are competitive. Imagine the kind of profits you’d be churning in every month!
Low start-up cost with high ROI– That does sound like hitting two birds with a stone, doesn’t it? This is what makes turnkey investment an excellent choice, especially for first time investors. It takes time for an investor to figure out how to spend the minimum amount to get the most out of their real estate investment and a lot of trial and error happens in the process, but turnkey investment takes all that out of the loop thus keeping your expenditures low and profits high.
Having said that, you must also know that everything has its flip side. The best way to avoid the ruts in turnkey investment is to choice the company right. Also, it serves well to do your homework about the local markets. That apart, turnkey investment might be the best way to earn hassle-free passive income from real estate!