Here at Turnkey Properties, we’re proud to have served the greater Memphis area for over 15 years, and a big part of that service is keeping you informed. Nothing is more important when it comes to investing than having all the information you need for success. That goes double when it comes to real estate, which can rest so critically on minute market fluctuations and other micro factors that an individual investor operating on their own could miss.
That’s why we’ve taken the time to get together and set out a list of some of the answers to the question of why do you need a real investment team. Turnkey President Alex Craig has a 100% success rate in his investments (a rare distinction, indeed!), and one key ingredient of his success has always been working with a knowledgeable and motivated team. Read on to learn more about why you should invest with a team like Turnkey!
What is a Real Estate Investment Team?
First things first – an investment team is a collection of knowledgeable professionals who can assist you at all stages of the investment process. This includes sourcing deals, financing projects, performing due diligence, navigating purchase agreements, and managing subsequent additions to your portfolio.
Ideally, your team will have professionals knowledgeable in all these areas of real estate investment and a wealth of experience successfully managing projects for their clients. Some key members of your team will likely include:
- Spouse or significant other – a no-brainer, your SO should always be an essential part of any financial undertaking.
- Real estate agent
- Contractors or handymen
- Insurance agents
- Property managers
Why Use An Investment Team?
You should realize by now that when it comes to real estate investment, there are a LOT of different angles to consider. Going it alone increases the likelihood that you’ll overlook some vital part of the process, which means that your investment is more likely to cost you money!
A qualified team like the experienced members of Turnkey can make all the difference. Whether you’re interested in simply opening an additional revenue stream or want to go into real estate full-time, you need the comprehensive suite of services offered by a qualified investment team.
Your team will help you locate suitable properties in strategic areas with a high likelihood of rising in value. You will gain access to updated homes offering the lowest possible price point, which, due to their location, attract qualified tenants.
Your team should provide in-house renovation, eliminating the hassle of acquiring talented, honest, and efficient contractors. This means that any needed upkeep will be handled quickly and affordably.
Lastly, you are saved the work of either managing your property yourself or hunting for a suitable replacement. Property management is a vital aspect of any real estate investment, but it can be a major weakness for solo investors. The time sink of self-management is something that many investors simply don’t have time for, and it’s easy to make the mistake of hiring someone who is either underqualified or won’t give your properties the attention they require to provide a significant ROI. A qualified investment team is a perfect solution to these and countless other worries in real estate investment.
Why Wait? Start Your Journey With Turnkey!
If you’ve thought about investing in real estate but have been intimidated by a lack of experience or the feeling that you don’t have time to learn everything it takes to be successful, never fear! That’s why Turnkey does what we do, and that’s why we’ve built a reputation in Memphis and Little Rock for providing rock-solid investment and management solutions for our clientele.
Your satisfaction is our passion, so give us a call and let’s get started!