This may be one of the most important articles on real estate you read this week, so pay close attention. Those words are not just hype either. This is an important topic for my family and our company. We have seen many investors get hurt by purchasing Turnkey properties from unscrupulous companies. However, we have seen even more investors get hurt by purchasing from inexperienced companies who use marketing gimmicks to sell their properties.
Turnkey investing continues to be a very hot topic in real estate circles today and more and more investors are asking questions and wanting to get started. You may be one of them.
On a daily basis there could be from half a dozen to two dozen conversations involving turnkey real estate on real estate forum sites and it seems like they are increasing in frequency. Those conversations may involve questions from new investors to advertisements of opportunities, but almost all of them get comments from investors who hate the concept. Some are uninformed opinions, and others are comments from experience, but all seem to point to two clear conclusions:
- There is no definition of what turnkey real estate really means.
- The worst investment you can make is a cheap $40,000 turnkey property!
Read this article carefully, and pay close attention to the end. If you are thinking about buying turnkey investments, there are many great opportunities all around the country. However, it is clear there there are many more opportunities that are not good deals.
The intention of this article is not to get investors to purchase from our company. If we are good fit for an investor, then that will take place in due time. The intention is to help educate investors on how to avoid the biggest issues facing them today with Turnkey properties. There are too many small companies, either intentionally or unintentionally, preying on investors needs and failing to provide them with proper investments.
Investors have to be patient, honest and smart with their decisions if they are going to make turnkey real estate investing work. Investors themselves are often the biggest obstacle to making turnkey portfolios work, and I give a few ideas at the end regarding which investors this concept works for best!