How Investing in “turnkey” Properties Work in Palm Beach?

Real estate investors are provided with various options when it comes to real estate investing. However, no two investors are the same. For example, one investor might opt for residential properties only while the other will only work in the field of commercial properties.

After making the investments, the investors again have varied choices on what they can do with the property. They can choose to sell it for a bigger profit, flip it, or hold the property for later. The options are endless.

If you are also an investor and prefer to follow the traditional route of buy and hold investing, then you also must know that this way can be very time-consuming and effort intensive as well.

For those who are not aware, the buy and hold investment model works by purchasing an attractively priced property from a seller. The investor then fixes the property to rent out. The rented property can be either managed by the investor themselves or hiring a property management company.

The traditional buy and hold an investment way is beneficial but, I repeat can be time-consuming, effort intensive, and expensive. For example, once the investor finds a property in a livable condition, he or she has to negotiate with the seller for a price that is fair for both the parties. After purchasing, a lot of time, effort, and money goes into remodeling the place to make it appealing for potential tenants. This can be either done by the investor themselves of by hiring a contractor to manage the labor work. After the home is repaired and updated according to the modern day requirements, the investor has to look for a tenant and of course, do background checks and interview each one to find a suitable resident for the house. Finally, the tenant can be placed in the home – but wait, the work doesn’t end here. You still have to manage the property and make sure that the tenant doesn’t damage it and pays the rent on time as well.

This model of investment has worked for many years but many investors will agree with me that the return came after a lot of work and time period.

Wouldn’t it be easier if there was a faster and a simpler way to invest in residential buy and hold properties? Wouldn’t you want the return of your investment to come to you rapidly without getting into the hassle of remodeling and finding a tenant?

There is a way! The turnkey real estate is a part of smart investment strategy and you too can avail the deals on these properties right here in Palm Beach County.

What is Turnkey Investment Property in Palm Beach?

Turnkey investment is a stress-free solution for busy investors to get the cash flow faster than ever.

Still confused… let me explain how it works. An investor buys a property, does the inspection, makes the updates, rents it out, and hires a management company to take care of the property and the tenants. THEN he sells the property to another investor (like you) who prefers to buy and hold the property as an investment.

In the above scenario, the first investor can be called a “wholesaler” since they buy properties in bulk and fix them up so they can resell to other investors. The second investor avails instant cash from the property he bought from the “wholesaler” without the hassle and the added expense.

You must be wondering why the wholesaler went through all the trouble to fix the place up and resell them to another person. Well, that’s what wholesalers do. They make their profits by buying properties, fixing them up, and selling to investors for a small fee.

If you are also working as a buy and hold investor, then a turnkey investment property is a great way to invest and get returns instantly. Therefore, instead of going through the traditional route of buying a property, fixing it up, and putting a tenant in – you can fast-forward the time by buying a property which is already fixed up and has a tenant living in it, also known as a turnkey property.

Many investors shy away from remodeling a home because they think the process is too hard and time-consuming but investors can get their returns fast by opting for turnkey properties.

If you are also interested in growing your portfolio with a brand new house without getting into the hassle, turnkey properties are the solution for you. It’s fast, easy, and guarantees cash flow. So what are you waiting for? Click here and fill out the form and start investing in turnkey real estate in Palm Beach.

 

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