Have you ever wanted a source of passive income but didn't know how to start or whether you have the funding, resources, or time to begin? In Passive Profits: The Turnkey Rental Investor's Guide, engineer turned property investor Scott A. Stanfield, PhD unearths the secrets of starting your own portfolio of turnkey rental properties.Turnkey rental properties are single and multi-family properties that have been renovated and tenanted, with property management in place, and sold to you, the investor. To help guide you through this process, the author breaks it down with detailed checklists and a step-by-step plan. The concepts behind the checklists are also discussed in detail, such as:
- The fundamentals of turnkey property investing, How to navigate setting up and managing your business structure, How to evaluate and select markets, How to build and change long-term strategies to best benefit you, How to navigate the world of turnkey rental investments while living a busy life