Should You Take a Closer Look at Turnkey Rental Properties?

Properties converted to rental units have been a major force in real estate market improvement the last few years. Cash investor buyers, including institutional and major investors like Blackstone Group, have been buying properties in bulk for rental investing. A lot of this activity has been focused on “fix-and-flip” investing. The property is purchased in poor condition, fixed up and then sold as “rent-ready” to another investor.
This strategy has worked well for many, with a steady supply of tenants and rising rents making it lucrative. Passive investors who want to become landlords find the availability of a “turnkey” rental unit very appealing. However, let’s take a look at how one “turnkey” or “rent-ready” unit can be a better investment than another.

Grandma goes Investing . . . . .

I'm a 50 year old retired high school teacher, mother of three and grandmother to two. Last May/June I attended my first Dean Graziosi weekend seminar and was inspired. Real estate investment seemed like a perfect "fit" for this next stage of my life as it gives me flexibility to spend time with my grandchildren and gives me goals and purpose - - - and hopefully financial reward!!

I'm a Canadian in an area that has a strong seller's market. I find it tough to find properties with potential that are deeply discounted.

Rae's Journal

My mom and I just got back from the Buying Summit in Las Vegas, and it was such an amazing experience! We bought our first property and some land. Now we have more confidence to out and do some assignment of contract and double close deals - it just doesn't seem as scary now. I'm sure when we do our first double close it'll seem even less scary. I'm looking forward to feeling the thrill of a deal without the trepidation!

Bought on 1/6 & Sold on 1/17

This is from a magnetic car sign lead - We previewed the property on 1/2; made the offer on 1/3;
they accepted on 1/3; signed the contract on 1/4; closed on 1/7; changed the locks & cleaned out the house on 1/8; finished the cleaning on 1/9; Put it up for sale on 1/10; showed it on 1/13 & sold it on 1/17.
Bought it for $ 31,000 & sold it for $ 38,500 ...
Not bad for 2.5 days of work!
Closing on the house next to it on Tuesday, the owner saw our magnetic car signs when we were signing the contract on his neighbor's house.
Might have this sold already...
2014 is starting off with a bang!!!

Thanks, Gary & Jill

6 deals in January ( Well almost)

So far this month:

MLS listed property, contract assignment: $7000
MLS listed property, contract assignment: $5000
MLS listed property, contract assignment: $5000
FSBO, contract assignment: $2500
FSBO, contract assignment: $5000

MLS listed property, just got under contract today.
I have a showing at 10:30 in the morning. 8 to 10 buyers are scheduled to show up. Really expect to have this one under contract tomorrow.
contract assignment: $5000
So that will total $29,500 and 6 deals so far. Hey it's only the 17th!!

This is how multiple offers, Deans 25/1 strategy and a STRONG buyers list works. What Dean teaches WORKS, PERIOD!!

Michael

REPLAY POSTED - Dean and Matt Live Training

Tonight's live training is complete but the replay is now available, click here to watch it!

As usual, we do the first half open to the world and the second half is exclusive for Insider Elite members. The replay of the first half, which had some great training, can be watched now by clicking the link above.

The entire replay, including the second half which also had some amazing training on financing deals and the corresponding documents are located in the Insider Elite website. If you are not a member click here to signup for instant access! If you want to learn more about IE click here to see Dean do a walk-through of the features

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