As the economy improves, more and more 20- and 30-year olds are becoming real estate investors, but in a more ‘hands off’ way. They are choosing to invest in turnkey properties.
Investing in multi-family properties can help you generate passive income that keeps working for you long after you’ve stopped working. However, if you want to make the most of your investment, there are a few mistakes you’ll want to avoid:
A reasonably steady and predictable income stream is perfect for retirees, which is why investors love real estate.
With the right real estate investment you can make money while minimizing the amount of work required from you.
Even if you don’t have enough money to buy a real estate property on your own, you can still invest in real estate. Investing creatively with no money down requires some thought, however, you might find it’s a lot easier than you think!
Turnkey real estate investing is a done-for-you style of investing where you are able to diversify your portfolio and generate additional income by partnering with a real estate firm who handles the day to day operations.