Use Turn Key Real Estate to Your Advantage
One of the terms I didn’t understand when I first started learning about real estate investing, and a term which Dean Graziosi cleared up for me was “Turn Key.” But its not just understanding the term that is important when you want to make a profit from real estate now, it is also understanding the full meaning of the concept that is important.
All good real estate investors try to find a great value “Turn Key” investment, as these are the properties that are going to give you that profit from real estate you need now. These are homes, projects, or properties, are in “ready to live in” condition. There is no need to put any money into maintenance or repairs, or at least very little money is needed. In this case the seller has usually done all the work to make the home livable. If they are older homes then they have been remodeled, renovated or rehabbed and are ready for someone to call this property home.
Through Dean Graziosi I learned that these are the ideal real estate investment properties, and it is even better when these are already tenant occupied and sometimes even have property management in place. This is for the investor who wants to profit from real estate now and not have to worry too much about the property.
Today, a lot of “Turn Key” property has an added advantage in that it can be found at about a 25% discount from market value, and this means real estate investors get a nice profit for their original investment dollar.
When I first started in real estate investing, I believed I could make the most money by staying away from this type of real estate, and focusing more on the “fixer upper,” but thanks to Dean Graziosi, and the information I learned from reading his wikis, blogs, and books, I learned that this often isn’t the case. You can find good “Turn Key” real estate at a wholesale price.