10 Reasons to Invest in Turnkey in 2017

Turnkey real estate is hot, and it’s only going to get hotter as we move further into 2017. So many investors are turning to this strategy because they realize the immense potential for profit and the reality of making a truly passive income. In case that wasn’t enough to convince you that turnkey is the way to go, here are 10 more reasons why you should choose this type of property for your next investment.

1. Immediate cash flow - Turnkey real estate is unique in that it offers cash flow opportunities to investors right away. With turnkey, once you take ownership of the property, you start receiving income immediately because the tenants are already in place and paying rent!
2. Excellent returns - Turnkey investments also provide great returns for investors. Most turnkeys produce anywhere from 10 to 15% ROI. While some markets perform better than others, you can generally expect better-than-average returns with a turnkey property.
3. No rehab necessary - It’s called a turnkey for a reason - it’s totally ready to go! All the rehab work has already been done, so there’s no dealing with contractors, stressing over construction projects, or footing the bill for repairs and updates.
4. Less work - Turnkey properties are much less demanding than other types of investment real estate. As mentioned, the rehab portion is complete, and so is the tenanting process. The day-to-day business of owning a rental property is also taken care of by a property management group, so there’s really not a ton of work for you, the investor, to worry about!
5. Stellar customer service - One of the major perks of going the turnkey route is the amazing customer service you receive from Day 1. If you’re using an experienced and reputable group, you’ll have a knowledgeable partner with you from the minute you express an interest in obtaining this type of property. From finding the perfect investment to managing it for the duration of your ownership, you’ll get the best customer service every step of the way.
6. Amazing tax benefits - Owning rental property opens you up to a brand new world of tax breaks that can save you thousands. Basically, your taxable income decreases, even though your income is increasing due to the profits you’re making on the property. The end result? Huge tax savings!
7. Diversification - Everyone knows that asset diversification is good, right? Turnkey helps you diversify even more. Even if you own other types of real estate, this is just one more asset that is a little bit different, resulting in decreased risk and more opportunity for growth. Plus, the convenience of turnkey means that it’s pretty easy to invest in multiple markets, allowing you to diversify even more.
8. You can use your retirement to invest - Did you know that you can dip into your existing retirement funds to invest in a turnkey property? It’s true - a self-directed IRA or 401k can be used to snag an income-producing property and build your portfolio even more.
9. You are in control - Even though you’re partnering with a turnkey company and using the services of a property management group, you maintain total control of your property. You choose the market, you choose the property, you call the shots.
10. Because turnkey just makes sense - Savvy investors aren’t choosing turnkey simply because it’s the trendy thing to do. They know amazing potential when they see it! The proven returns, the many cash flowing markets and properties, and the room for growth all combine to make this unique form of investment one of the smartest choices you can make.