Let’s talk about turn-key real estate investing in North Canton OH.
First, there are many ways to invest your hard earned money.
You can choose to take your chances with the stock market or buying and selling gold, futures contracts and other commodities. Given the current upswing in the economy, these might be good choices, at least for the short term. But what happens when the markets begin to go back down?
Most financial investments are cyclical, which means they are going to have their upswings and their downswings. If you can invest only when values are rising, then you can make the most from your investments. But this takes a lot of time, attention, and – let’s face it – luck.
Real estate is another potentially profitable investment.
Generally, real estate, including here in North Canton, will hold its value more than other types of investments. But, as was seen in the recent burst in the real estate bubble, nothing is for certain. While there usually is less risk in real estate compared to other types of investments, there is still the possibility that you are going to lose money.
Minimizing Risk with Turn-Key Real Estate Investing in North Canton OH
Turn-key real estate investing in North CantonOH is one way to minimize your investment risk. Turn-key real estate investing is when you buy a property that doesn’t require additional investments, already has a paying tenant, and – in most cases – already has ongoing management so you don’t even have to worry about that.
Turn-key real estate investing offers a number of benefits. First, with turn-key real estate investing in North CantonOH, you already have an income that you can use to offset the cost of your investment. For example, if you buy a $100,000 house, your mortgage probably will be around $1,000 per month.
If that house already is occupied by a tenant who is paying $900 per month in rent, that income can be applied to your mortgage, reducing your out-of-pocket expense to just $100 per month. Plus, you are still building equity on that investment every month.
We find houses like this from time to time and make them available to our subscribers. To get notified whenever we have an available income property, fill out this form.
Another advantage of turn-key real estate investing in North CantonOH is that you have more control over your investment. In the above example, you can choose to deal with collecting rent, making repairs and dealing with the tenant yourself or you can hire a management company to handle it for you.
But even if you outsource the management of your turn-key real estate investing property, you can still control which manager you choose, you can still see the books anytime you want, and you make all the decisions regarding your investment – such as increasing the rent, approving tenants, and so on.
With other types of investments, you don’t usually have this kind of control. Instead, you typically will give your money to an investment counselor or a broker and trust that they are going to make the decisions that are in your best interest. And, in the wake of the recent economic meltdown and resulting Wall Street scandals, it is obvious that this isn’t always the case.
Downsides of Turn-Key Real Estate Investing in North Canton OH
Like any type of investment, turn-key real estate investing in North Canton OH has risks. The unexpected can always happen, so you can potentially lose money. But this risk can be minimized by selecting a turn-key real estate investing option that has a stable history.
Another drawback is that the profits from turn-key real estate investing in North Canton OH may be steady and predictable, they usually aren’t going to give you windfall profits in the way that some high-risk investments can. Instead, yields tend to be smaller but more stable.
How Can I Get Started?
If you are interested in learning more about turn-key real estate investing in North Canton OH or finding out about investment opportunities in your area, call us at (330) 915-4587 or fill out the form below to get more information sent to you right away.
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