Why Wholesalers Should Consider Investing in Turnkey Properties
There are a number of reasons why real estate investors choose wholesaling as their primary investing strategy. However, now is a great time for wholesalers to consider adding a buy and hold strategy to their portfolio.
Below are 6 reasons why wholesalers should consider turnkey investing:
1) Diversity
While income generated through wholesaling properties can deliver large profit margins, it is important to diversify your revenue generating processes. Investing in only one strategy can be risky. However, maintaining a diverse portfolio is important for anyone who wants to consistently protect their income.
2) Put Income on Autopilot
Turnkey rental property investing allows you to put your income on autopilot by balancing out your workload and delivering a steady source of income throughout the year. Even during cyclical times.
3) Peace of Mind
Building on the above, investing in rental properties continually generates income regardless of what you are doing. This peace of mind can be very rewarding when the wholesaling process is slow.
4) Building Passive Income
While wholesaling and/or flipping houses generates high amounts of cash in one lump sum, it still requires a significant investment of time before profits are recognized. On the other hand, investing in the right turnkey property generates passive income even when you are not working. The rental market is one of the best ways to protect your cash and have it working for you year round.
5) Get Ahead for Next Year
While you may not have been able to take off as much time as you would have liked this holiday season, you can work smarter this year so that you can get ahead and have more time off next year. Building a good turnkey rental portfolio provides you with a nice nest egg, even if you’ve consumed all of your active income.
6) Great Exit Strategy
Even if you want to take charge of everything yourself, you can still offer turnkey investment opportunities. This is a great way to move properties and make them much more attractive to other investors.