On today’s show, I have one of my senior investment counselors, Steve. And we will talk about what to expect when buying a turnkey rental property. We answer a lot of frequently asked questions here. All of our clients, whether they’re new or fully seasoned investors, have certain questions and expectations. They all want to know what the next step is, what to do at a certain point, what to do in certain situations, and how to move the deal along. We have certain answers for all these situations.

Turnkey Rental Property Investments | What You Need to Know In this article:

Turnkey Real Estate Investing Basics

hat Real Estate Investors Need to Do

What is a Turnkey Property?

Appraisals in Turnkey Real Estate Investing

Inspections and What to Expect with Them

Three Types of Repairs

Turnkey Investment Properties and Repairs

Turnkey Property Investment Closing Timeline

How to Communicate with Service Providers

What to Expect with the Lease Status of a Turnkey Investment Property

How to Select a Turnkey Property Investment

Your Responsibilities as a Turnkey Property Investor

What Does a Real Estate Investment Counselor Do?

How Norada Real Estate Gets Compensated

Turnkey Real Estate Investing Basics Turnkey investment properties aren’t a set-and-forget kind of deal. Some people think they can “flip” a rental property and have it move-in ready after a week of repairs. That’s not always true. Turn-key real estate is a long-term investment. It’s for those looking to build their passive income over time. If you want to keep things smooth, you’ll have to learn how to build a long-term relationship with appraisers, inspectors, turn-key property management firms, and other providers.

What Real Estate Investors Need to Do New real estate investors think they don’t have to do anything to make passive income. That couldn’t be any less true. When you’re looking at turn-key property, you need to understand that you have responsibilities as an investor. This is the key to generating real wealth in real estate.

 

In this episode, we’ll talk about your expectations as a turnkey property investor. We’ll also discuss your roles and responsibilities. And we’ll  talk about the best ways for you to engage with a turnkey company to help you make the most out of your investments.

If you missed our last episode, be sure to listen to How Trump’s Presidency Could Affect Real Estate Investing.

Enjoy the show!

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