Compare investing in different property types

As a lot of people keep looking for fast home buyers or plan to sell house with tenants, the real estate field has emerged as one of the most sought investment options. But it’s unfortunate that many new investors don’t understand the different types of properties they should invest. Most often, this leads to returns that are less than expected. In this post, we’ve compared two different types of real estate investing namely turnkey property investing and rehab-to-rental investing.

  • Turnkey property investing: A turnkey investment is something that is already refurbished and sometimes may have tenants in place. This is ideal for investors who don’t have resources to renovate a broken house or the time to find prospective tenants to make profit out of it. Let’s have a look at the pros of turnkey property investment.
    • Every property needs maintenance to be done and this becomes an additional expense. With the help of property management companies, investors can perform these jobs seamlessly. Moreover, these management companies often have contractors who will charge you below the normal market rate.
    • If your property is located in another state, then regular management of it would surely become a headache for you. Turnkey homes often come with property management services. They would be performing jobs like payment of applicable property taxes, managing rent collection, coordinating repairs etc for a nominal charge.
  • Rehab-to-rental investing: This type of investing is one of the sweetest dreams of many new real estate investors. Purchasing a cracked down house, investing money and time into it to transform it into an improved and eye-catching one and finally, sell house quickly to make a hefty amount of profit – all sounds nice. But, in reality, rehabbing investment is not so easy. There are some key factors that you must keep in mind.construction1
    • You can’t rehab a property on your own. Even experienced contractors often take help of sub-contractors to perform rehabbing. Successful rehabbing projects depend on adept contractors to get the job done efficiently and quickly. Additionally, you would be requiring a lawyer for taking care of the legal aspects.
    • Like any business, you must have adequate insurance policies in place, especially when you’ve people handling harmful equipment. You need to ensure that you’re fully insured and for that you need to consult with an attorney who charges a reasonable fee.
    • This is perhaps one of the biggest mistakes done by new investors. They start the rehabbing working without consulting with their contractor and therefore, the budget for the rehabbing work remains unclear. When calculating budget, you must consider the unpredictable occurrences.

Whatever investment type you choose, look for properties located at centralized markets because they always stand a better chance when you need to sell house fast and make profit.

 

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Estefania Castaneda
Estefania Castaneda
17:24 04 Sep 21
Extremely pleasant, attentive to all my needs always. It was a pleasure renting an apartment from Ken.
Vichai Soysouvanh
Vichai Soysouvanh
14:17 03 Sep 21
Can't say enough about Ken and his team. This was the most seamless sale I made. I didn't have to deal with all the... nonsense that comes with selling your home. They bought my house as is, I didn't have to declutter and pay a broker commission. All in all great experience, will do business again.read more
Niki Keser
Niki Keser
17:46 06 Aug 21
I had a wonderful experience renting one of their properties for 7 months. The apartment was beautifully remodeled and... Ken and his team were always responsive to any needs. I would recommend to anyone looking to sell or rent.read more
YASMINA VASQUEZ
YASMINA VASQUEZ
15:13 02 Aug 21
Ken and his team were professionals ,they promised and they delivered or anything
Alfredo Garcia
Alfredo Garcia
03:20 17 Jun 21
Selling my property too Ken was the best thing I did. Although I was skeptical at first I soon found out how... professional he was. Even though my closing contract was not standard because of the pendemic situation. He followed through on time with all the contract terms as promised. Thank you Ken for your professionalism.Alfredo Gread more
Vishrut Patel
Vishrut Patel
23:27 19 May 21
Ken was referred to us by someone who had sold their home thru Ken last year. From the first meeting to the last... transaction, Ken and his team were professional, efficient, easy to work with, and above all.... caring. Each seller's situation is different, and Ken truly understands that. We were treated with respect each time.Since we were in a time crunch situation, selling our home with a cash offer from Ken was the best decision we could have made. We were perfectly okay with getting slightly less money for our home as compared to selling it via an agent. But if you consider the money saved on agent commissions (both buyers and sellers), closing costs, repair costs, attorney fees, and most important of all... time and headache, you can't beat the option to sell your home with a guaranteed cash offer from a reputable buyer like Ken.My wife and I were very pleased with our experience with Ken. If you are in the market to sell your home fast for a cash offer, I highly recommend giving Ken a call!Best of luck!Vishread more
Christopher Martino
Christopher Martino
14:19 10 Mar 21
Ken and his team were great. They were easy to work with, professional, and responsive. If you are thinking of selling... your home they offer a super easy process.read more
Chelsea Grant
Chelsea Grant
15:36 03 Jan 21
I am a travel nurse and stayed in a town home for 3 months... It was exactly as described and any issue that came about... was handled within a few hours - I would definitely recommend and I would definitely stay again!read more
Aaron Zachko
Aaron Zachko
12:41 14 Aug 20
Amazing experience! Ken was upfront, quick and got the deal done in no time. Having done a number of real estate... transactions this was by far the easiest and smoothest. I would unconditionally recommend him to anyone looking for an easy, quick and fair transaction.read more
Joseph Tricarico
Joseph Tricarico
19:10 26 Mar 20
Ken is a very professional individual from start to finish. As promised, he gave me a fair deal on my one of my... properties that was in rough shape. He was knowledgeable and responsive to my requests and as promised we didn't need to waste time with inspections and appraisals and we closed quickly. He made it painless as possible by having his crew handle the clean up. This was truly a quick and easy process but a professional individual. Thanks Ken!read more
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