Real estate attracts many investors. It is among the most lucrative investment opportunities, especially as property demand will always be there. Nonetheless, success isn’t guaranteed. You need to find the right investment opportunity and manage it well to score a profit and grow your portfolio. While considering smart opportunities, turnkey real estate investment wins on many fronts.
Turnkey real estate, simply put, is investing in a property that’s ready for rental or with an existing tenant. Whether you are new to real estate or an experienced investor, turnkey could be all you need to supercharge your ventures, especially when thinking long-term. Among the top advantages that make turnkey real estate investment attractive includes;
Speedy cash flow
Buying a property, managing repairs and renovation, and marketing can take time, maybe even longer than you could expect. While such property might come at a lower price, it could cost you a lot more in repairs, not to mention the time it sits vacant.
Turnkey investment offers speedy cash flow, especially if there is an existing tenant. You can start to generate cash flow from the day of closing. You won’t be financially strained, and the return on investment is higher, especially as you cut costs such as marketing and time the property is vacant.
Ideal for long-distance investors
Finding the best property in your neighborhood isn’t that easy. Moreover, it might not be the best real estate market, especially considering your goals. Expanding your horizons makes it easier to land better deals. You can tap into markets with better property prices, offering better ROI, and that won’t frustrate your cash flows.
This is manageable with turnkey investments as you can find a property that’s thousands of miles away and invest with little or no friction. This is without considerable expenses, such as hopping on a plane to explore more markets away from your neighborhood. Such flexibility makes it easier to grow your portfolio, making turnkey investment a gem among many real estate investors.
Safer investment
Every investor strives to lower risks while improving profitability. Turnkey real estate investment provides such an opportunity. This is, especially if you work with a company offering great deals. You can find a company offering deals such as;
- Guaranteed rent on purchased vacant properties
- Money-back guarantees, meaning that you can back out of an investment that is not satisfactory
What’s more, turnkey real estate investment offers peace of mind. The turnkey company has done all the heavy lifting. This makes the investment convenient as the property is move-in ready or already with a tenant. Less risk and peace of mind as you invest are perfect, especially for beginners looking to dip their toes in real estate.
The turnkey investment could be your ticket to a flourishing real estate portfolio. You can even supercharge your quest by opting for management services. Most turnkey companies don’t just sell properties. They provide other services, including property management.
This makes the process easier, especially for long-distance investors. With their extensive resources and local market knowledge, you can avoid common pitfalls and fast-track your progress as you grow your portfolio.