Marco Santarelli, started investing in real estate at the age of 18. He purchased, renovated, leased and managed a simple townhouse by himself. Over the years he continued building his real estate portfolio with over 84 out-of-state units including single-family homes, duplexes, and small apartments.
Founded in late 2003, Santarelli, had a vision of helping other real estate investors invest in the best way possible. Norada achieves this by offering quality new-construction and refurbished investment properties in strategic markets throughout the United States with properties as far south as Florida to as far north as Chicago.
What They Offer
Norada offers investors newly refurbished and new-construction residential properties ranging from single-family homes on up to fourplex multi-units. Their rental properties make sense the day you buy them. It is truly turnkey, as in there is nothing you need to do in order for you to have a solid wealth-building cash-flowing investment.
What Does “Turnkey” Mean?
Norada has seven factors properties must meet in order to refer to them as “turnkey”. The properties must be:
• in stable growth or cash-flow markets
• in desirable neighborhoods
• new or newly renovated condition
• cash-flow positive, even if fully leveraged
• leased or in the process of being leased
• under professional property management
• carefully selected with renters in mind
With their definition of a turnkey property in mind, they have a set criteria in place to make sure their turnkey properties are of the best quality, best location and cash-flow positive for their investors.
What Makes Norada Unique
First and foremost, they are one of a very small number of investment property providers that survived the 2008 housing market crash. They extensively perform research on over 400 U.S. real estate markets and are what they call Market Agnostic. Meaning, they select markets based on local economic and housing factors, not fads or investor demand. And they include their own scoring system called DealGrader, which measures the investment quality of a real estate investment.
No market or investment is perfect which is why you need a company like Norada on your side to help take the guess work out of your real estate investing. They help you succeed by minimizing risk and maximizing profitability.
This article was originally published in Think Realty Magazine in the “Investor Review” insert in the October 2017 issue.
For more information about their services and offerings visit www.NoradaRealEstate.com, or call (800) 611-3060.
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