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...