What is Turnkey Real Estate Investing?
Purchasing a home can be a stressful experience. Luckily there are real estate agents who are knowledgeable: they understand the process, the time it takes to get through each phase of the process, and can navigate potential hurdles. For most people this is an adequate system in spite of the fact that it puts much of the burden on the purchaser. However, if your intention is to buy several investment properties in a year, this system would quickly eclipse the rest of your life, becoming a full time job. Hassle-free, turnkey real estate investing companies such as Memphis Invest specialize in relieving the purchaser of these burdens.
Know What You're Looking For
There are differentiating factors in the nature of the property desired. Put simply, the criteria used to find a home for you and your family is different than the criteria for an investment property. Investment property should be examined objectively. Memphis Invest can help investors maintain their objectivity and purchase a property with the best chance for long-term profitability. The factors in determining the value; or in most cases, the projected value of a property are well documented within the industry. The formulas used are mature and well understood by real estate investment companies. Locating property meeting the criteria, whether in Memphis, TN or elsewhere, is but one step in this process. There are inspections, zoning considerations, remodeling potential to be assessed, among many other considerations. To illustrate this, consider this articlefrom Memphis Invest. Applying this one principle to multiple discount properties simultaneously complicates the situation exponentially. This is the burden on the buyer referred to earlier.
Smart Property Investment
In hassle-free, turnkey real estate investing, a third party functions as a superhero real estate agent. Third parties such as Memphis Invest will take years of experience, familiarity with geographic areas, and an intimate understanding of industry practices in property investment and distill it. This allows the investor a complete understanding of the investment package and the ability to make investment decisions from a position of knowledge. Removing the need to do months of research, it allows investors to respond quickly to opportunities in the market. This is only possible when the burden and stress of property investment is replaced with confidence and knowledge.