Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

How to Avoid Renovation Boondoggles By Purchasing Turnkey Rental Properties

220 views

Published on

A frequent mistake many investors make when getting started in real estate is trying to buy raw foreclosure properties either direct from auctions or through some other source. Purchasing Turnkey Rental Properties is the best alternative solution.

Published in: Real Estate
  • Be the first to comment

  • Be the first to like this

How to Avoid Renovation Boondoggles By Purchasing Turnkey Rental Properties

  1. 1. How to Avoid Renovation Boondoggles By Purchasing Turnkey Rental Properties The right real estate investments can drastically improve your financial life, providing passive residual income and the freedom to design your lifestyle as you choose. But it only works if you do it correctly and that requires avoiding many common real estate investing traps that can chip away at your profits and your time. A frequent mistake many investors make when getting started in real estate is trying to buy raw foreclosure properties either direct from auctions or through some other source. With the foreclosure crisis in full swing after 2008, many investors felt they could get rock bottom prices by purchasing distressed properties and doing the renovations themselves. Many found that the profits they envisioned never materialized. In part this was due to risks they hadn’t adequately taken into account (more repairs than they budgeted for, less than efficient contractors, more holding costs than they assumed, etc) and in part it was because they didn’t have an advantage in the space where they were playing. The truth is that in many markets the most desirable foreclosure properties are usually bought up by professional real estate investment companies or private equity funds before the general public ever gets a crack at them, leaving only the less desirable properties for individual investors. Even if you do get a good foreclosure property, the unknown cost of renovating and preparing it for rental or re-sale, and the lack of income in the interim, often makes this a less-than-optimal move. If the property turns out to fetch less than you wanted in rent, or takes a very long time to rent or sell, you could be left with an under-performing investment that takes money out of your pocket instead of putting money in. Maverick Investor Group was founded to help you avoid this trap by getting you direct access to private buying opportunities for unlisted “turnkey real estate”--performing residential investment properties that are already renovated and rented out to qualified tenants with local property management in place.
  2. 2. When you purchase a turnkey property, it means someone else has already taken the risk of buying the distressed property, renovating it, and enduring the initial vacancy period while renting it out to a qualified tenant. This ensures your cash flow starts on day 1 as soon as you close which provides stability and peace of mind. Maverick has relationships with teams on the ground in markets we deem to be “investor advantaged” who produce unlisted turn-key rental properties for Maverick clients that are not available to the public. Maverick also provides education to help you navigate around common investor pitfalls and we introduce our clients to some of the country’s premiere tax professionals, asset protection specialists, bookkeepers and other leading industry service providers that can add value to your real estate investing and help you keep more money in your pocket. Today’s real estate boom cycle creates a unique opportunity to buy undervalued properties with historically advantageous price-to-rent ratios in select markets. Maverick Investor Group is here to help you identify the best markets and properties that fit your personal real estate investing criteria and goals. For more information visit us today at http://www.maverickinvestorgroup.com

×