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20 February 2024 | 23 replies
Here are some considerations and tips to help you make the most of your turnkey investment strategy:Pros of Turnkey Properties:Ready for Rental: After refurbishment, turnkey homes are usually ready for occupancy right away, saving you the time and hassle of doing repairs and improvements.Professional Management: A lot of turnkey companies provide property management services, taking care of tenant selection, rent collecting, upkeep, and other daily tasks on your behalf.Passive Income: Investing in a turnkey property allows you to immediately begin earning rental income without having to take on major maintenance or remodeling tasks.Tips for Investing in Turnkey Properties:Take some time investigating turnkey suppliers in-depth and select reliable businesses who have a proven track record of effective property management and satisfied clients.Make sure you have done your research about the property, its surroundings, the nature of the rental market, and its potential for long-term income flow.Analyze the financials of the turnkey property.Even though turnkey homes can generate rental revenue right now, think about your long-term investing objectives and plan.
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20 February 2024 | 11 replies
It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.
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19 February 2024 | 5 replies
Keep in mind by building and then selling the home you are going to be taxed at STCG (effectively ordinary income) whereas the land, could be taxed at LTCG.
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21 February 2024 | 32 replies
But in response to your first post, your 2 thoughts are sound: a house hack will be something you could do tomorrow and will benefit you immediately and meanwhile learn more about syndications and PE if you're time is better spent at your day job (do what you do best, hire out the rest).
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20 February 2024 | 13 replies
Setting up your profile and diving into the community is a great step, and you'll find a wealth of knowledge and support here.It sounds like you and your husband are on an exciting journey in the real estate world.
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20 February 2024 | 62 replies
That sounds Very expensive, but it could be your market.
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20 February 2024 | 11 replies
The idea of investing in syndications that do cost segregation sounds as a good idea.
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19 February 2024 | 2 replies
Sounds like this helped move you onto more deals.
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19 February 2024 | 4 replies
It sounds like your mortgage is about equal to potential rent.