Every week, more and more first time investors head onto the road to learning about their options and getting started in real estate.  There is a lot to learn.  What is even better is the fact that there are millions of experienced investors in both real estate and other markets that are making moves daily to get into the real estate investing game. That’s great! But hey—there are a ton of options out there in real estate. It’s not enough to decide that you want to be a real estate investor. You have to think about what kind of investor you really want to be.

You can go the fix and flip route for a hands on approach, you can assume the role of landlord for a handful of properties or apartment units, you can dig deep into commercial real estate, or look to land and development...There are plenty of ways to invest.

One way, however, offers opportunities to earn passive income in the most passive way possible. Is there still work involved? Absolutely. All investments require, well, investment. But if you’re in the market for a more hands-off approach to investing, turnkey real estate just might be right for you. So much of deciding what kind of investments to pursue just depends on what you as an individual enjoy and value.  

To help you decide, we’re diving deep and looking at the the ins and outs of turnkey real estate: what it is, how it works, what you have to gain, and what red flags you should watch for to ensure the best outcome for your financial future.

Turnkey real estate is all the rage right now in the real estate world.  More and more investors are looking for a way to get started in passive investments and the Turnkey route often looks promising.  The reality is, like any investment, Turnkey real estate is not always the best option and will not work for everyone.   

However, if you’re in the market for a more hands-off approach to investing, turnkey real estate just might be right for you. So much of deciding what kind of investments to pursue just depends on what you as an individual enjoy and value. 

To help you decide, we’re digging deep into the red flags you should watch for within yourself!  We have to be honest with ourselves as real estate investors to ensure the best outcome for our financial future.

How long has it been since you last picked up a good book? What about any good real estate books?  Reading gets shoved by the wayside more often than not. It’s a shame, since it means you’re probably missing out! Whether you’re dusting off an old favorite full of good reminders or challenging yourself with new material, reading is a great way to rejuvenate yourself—whether in reorienting your goals, learning something new about yourself, or giving you fresh ideas to prep for the new year.

For real estate investors, learning from those before us—in business and entrepreneurship as well as specifically in real estate—is a valuable piece of the puzzle.

From now until the end of the year, pick up a book or two. You never know what ideas will spur you onward to greater success in real estate investment.

We’ve written many a time about the issue of millennial homebuyers. More importantly, a lack thereof. Millennials, our generation’s 20- and 30-somethings, are often saddled with student debt and financial hardships that cause them to delay life’s big milestones: buying a home, getting married, and having children.

To most of us investors, we think of millennials as our renters. Not our colleagues. For millennials, however, getting involved in real estate investment—particularly turnkey real estate investment—might just be the best route to homeownership and financial freedom.

Many real estate investors like to keep a close eye on their investment properties. They believe local is best and they’ve got to be able to be there on the ground in order to truly be successful at real estate investing.  There is nothing wrong with that approach.  In fact, depending on the neighborhood and type of property you are interested in purchasing, it may be best to stick close to home and invest locally.  However, investing in your own backyard is definitely NOT the only way to invest in single-family rental properties.

There’s a great myth that the only markets worth investing in is the one you’re in. While yes, there are absolutely benefits to investing in real estate on a local level—after all, you know the demographics, the management companies, the other investors, and even that little je ne sais quoi that you can only get from being a local yourself.

People say remote markets are dangerous. You won’t succeed. You need to be an insider. It’s true that you should know the market you’re choosing to invest in, and as much as possible. But that doesn’t mean you can’t find success through investing in real estate remotely. In fact, you can have a LOT of success! It just takes the right approach.

We will tell you outright that we believe the best way to invest in a remote market, whether it’s in the state over or across the country, is through turnkey real estate.

This may be one of the most important articles on real estate you read, 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.  

A warning on the front end - this is a longer and definitely detailed blog post on Turnkey real estate investing.  But I think you will find it worth your time....

I have been working with turnkey buyers since 2004  andI have come to find that there are some common mistakes that many investors make when they start looking at Turnkey real estate investing. Some of these mistakes cost investors money and some cost investors time. As a company, we have made it our mission to be able to turn investors away when the investment or our company are not the right fit for the investor.  We want to tell investors "No" when we are not the right fit and often, they are making some of the listed mistakes below that helps us realize that we need to say no...