I’ve always believed in real estate investments – because I’ve seen the fruit of its returns firsthand. In fact, I’ve spent the past 19 years investing in real estate on Long Island. I’ve bought and sold hotels, office buildings and single family rentals, and I can tell you that nothing’s more satisfying than connecting people with properties that define their future. So no sooner did I venture outside the field by founding a non-real estate related company in 2010 than I sold it in 2014 to return to my real estate roots. I was eager to find the right strategy to not only earn income but to invest in something I could pass on to my family for generations.
From a small office in Oyster Bay, NY my team and I vetted hundreds of local real estate opportunities. Because of my aversion to risk, we only participated in a few deals and were unable to pull the trigger on any single-family rentals we wanted to acquire. The risks of operating residential properties on Long Island outweighed the rewards. The high price of entry, the carrying cost on vacant properties (property taxes), and potential for nonpaying tenants to squat for a long period make it likely to one day find yourself in bankruptcy and/or foreclosure. We weren’t convinced that buying here was smart, but we still believed that investing in rental properties was a solid investment strategy.
Then, in 2015, I began consulting with an experienced investment company that was buying properties in the Midwest, renting them and generating amazing returns.
I learned quickly that my desire to build a rental portfolio wasn’t wrong –the market I was trying to invest in was. I discovered a market where the 3 obstacles I couldn’t overcome on Long Island were no longer a concern – a market that even generated double-digit cash-on-cash returns and had a robust appetite for the type of quality rentals I was capable of providing. That market is Northeast Ohio.
Today, our business is simple: we sell recently renovated, fully managed properties in Northeast Ohio to passive investors who want to keep them for long-term rental income. We do all the hard work so you don’t have to. True Turnkey acquires, renovated, leases and managed the properties and then sells them to our clients with projected cash-on-cash returns of up to +11%.
Headquartered in Huntington (NY) with an office in Akron (OH), we employ a talented team to generate the best returns from your investment property. Other investors like myself, who are unable to find attractive opportunities in their local markets, can now benefit from our expertise to invest in rental properties that can create Forever Income.
Being a landlord isn’t for everyone. Our ideal clients are both new and seasoned real estate investors who value long-term sustainability and cash flow above all else. After all, the formula for creating wealth in real estate is TIME!