With spring and summer rental seasons almost in high gear, many potential investors are thinking: Now’s a great time to buy and rent out a vacation home. And it’s not too late to find a vacation property, whether a single-family house, condo or building with several units.
Turnkey investing is when a buyer purchases a property from a company that previously bought, renovated, and placed a resident in a home or apartment. Of course, sometimes the property is empty and needs to be marketed for rent. Consider these ten essential tips to become a successful turnkey investor.
Some invest in real estate to build a large portfolio as their prime profession. Others limit their holdings to a few properties to earn extra funds to pay for a vacation or simply gain a steady stream of additional income. But how do you get started?
Kenneth Westfield started WC Equity Group, a real estate services firm in Tampa, Florida in 2008, and has developed it into a full-service brokerage, property management, syndicated fund, and real estate investment platform. We talked with him recently by phone about how to move from a single investment to multiple ones.