For passive real estate investors, growing your portfolio is the single biggest determining factor in your long-term investment success. While one or two investment properties is a respectable start along the road to your financial freedom, you must be prepared to build a substantial investment portfolio to create both the passive income you desire and a wealth of assets. These assets appreciate over time, creating the substantial wealth that you can pass on to future generations.
Just like an athlete trains their whole body to complete a successful marathon, companies hone their performance across multiple disciplines to achieve long-term success.
When we consider the opportunity of real estate, we have to ask ourselves: can we do this anywhere? After all, there is a rental market just about anywhere we go. If this is true, surely we can crack any market and find success and passive income as an investor in any and every market. There's an opportunity for portfolio diversification everywhere around us!
This week's Transformation Tuesday is in Dallas, Texas where we'll see a dark and dreary single family home get some major improvements. We'll turn this barred up, distressed property with very few walls and ceilings into a lovely home, all with the help of our great Texas renovations department and fabulous vendors!
Investing in real estate comes with many questions and uncertainties. When we look at the state of the real estate market, the economy at large, and the political landscape, it can all feel that much more volatile. So why aren't we worried?
Topics: buy and hold real estate
As real estate investors, keeping abreast of our various investment markets is absolutely essential. Even as passive investors who trust their turnkey providers and management teams to know their markets inside and out, there are great benefits to knowing the markets in which you invest.
Topics: real estate market
The Dallas area is a huge opportunity for turnkey investors, and this week's Turnkey Transformation is in North Richland Hills, a suburb just outside of Dallas. The DFW metro area is ranked among the top three U.S. metropolitan areas for employment growth, business expansions, and relocations. With all the benefits of the Dallas area, we see why residents and investors alike are excited about the opportunities here!
Even for a turnkey investor, the act of investing in real estate can be a process. For anyone looking to buy a property, lending is often involved. However, the act of acquiring a loan for an investment property versus acquiring a loan for a personal home can be a drastically different process.
It's no real secret that more and more Americans have been choosing to rent over buying a home for some time now. Most people, however, have been under the assumption that this was merely a consequence brought on in the wake of the 2008 Great Recession. The foreclosure crisis at the time scared many would-be homeowners away and the subsequent market boom in areas with job opportunities quickly grew out-of-reach for millennials.
We're in Memphis, TN this week for our Turnkey Transformation. This home is more than fifty years old and has some really great bones, but we started out with a massive undertaking on the exterior. While having a mature yard is a great asset and makes the property look more homey, the landscaping on this house was extremely neglected and almost dangerous. Watch how our team turned this dark, overgrown property into a clean, bright home!