DOs and DON’Ts for Buying from Turn-Key Companies: My $31,994 Dollar MistakeOne weekend, I went to a guru seminar where the guru gave out his bestselling books and did a nice talk on the basics of real estate investing. On Sunday, he introduced two guys who gave a PowerPoint presentation explaining their turn-key process. Their concept seemed wonderful; I’d make better returns than I had been making finding rentals for myself.The turn-key guys started sending me possible properties … [Read more...]
DOs and DON’Ts for Buying from Turn-Key Companies: My $31,994 Dollar Mistake
Be Careful When Inheriting a Tenant
Be Careful When Inheriting a TenantWith the extraordinary number of short sales and foreclosures over the last few years, many distressed properties are actually being purchased with the previous tenant still residing in the property. For many investors, the thought of avoiding up front rehab costs as well as the time and expense associated with finding a tenant adds to the appeal of this scenario. Admittedly, I too have been drawn to certain properties because of the prospect of inheriting a … [Read more...]
Pros and Cons of Working with A Turn-Key Company
Pros and Cons of Working with A Turn-Key CompanyWith such a diverse collection of real estate markets around the country, investors have many choices when it comes to where to invest in real estate. Some investors look for areas that were hit hard by the real estate crash in hopes of acquiring property that will experience a recovery in values over the next several years (ex. Phoenix, Las Vegas, Orlando). Other investors look for markets with very inexpensive properties that cash flow well, but … [Read more...]
Who Should and Should Not Buy Turn-Key Properties
Who Should and Should Not Buy Turn-Key PropertiesTurn-Key real estate investing seems to have exploded in popularity for do it your self real estate investors, over the last few years. With new websites and marketing ads announcing new companies on a weekly basis, turn-key companies seem to be sprouting up in every city and offering services in every corner of the country. In a recent international real estate publication, over half of the ads were touting turn-key real estate companies … [Read more...]
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