The concept is simple in which the investor buys, rehabilitates, and then resells a property profitably. This is also known as "flipping" a home. This progression usually happens vaguely, because the investor remains in his own home, sometimes at a location where flipping doesn't make sense and utilizes the Internet to find and invest in opportunities.
Rehabilitating the property: You would renovate and rehabilitate the property, making it stick to current codes and also be an excellent single-family property. This needs proper budgeting and attention to contractors and laborers, something that requires an on-site presence. You can visit http://www.yanrealty.com/arcadia-real-estate-agent/ to know more about real estate investments.
Advantages of turn-key real estate investment
• Does not require your presence locally
• Easy diversification of your investment portfolio
• You don't have to be a real estate expert
Disadvantages of turn-key real estate investment
• The "middle man" needs to make money
• You got to trust someone
There are solemn benefits to turn-key real estate investment, and it can definitely be an attractive cash flow strategy. However, there are also drawbacks to take into relation before you proceed with any deals. You will need to examine the turn-key provider and make sure they are both reputable and profitable, and ensure that the cash flow opportunity they are offering you is actually feasible and realistic.