{"id":161,"date":"2024-10-21T05:52:53","date_gmt":"2024-10-21T05:52:53","guid":{"rendered":"https:\/\/myrealestatearticle.com\/?p=161"},"modified":"2024-10-21T05:52:53","modified_gmt":"2024-10-21T05:52:53","slug":"turnkey-real-estate-pros-cons-for-long-distance-investing","status":"publish","type":"post","link":"https:\/\/myrealestatearticle.com\/?p=161","title":{"rendered":"Turnkey Real Estate: Pros & Cons for Long-Distance Investing"},"content":{"rendered":"
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The Big Picture On Turnkey Real Estate Investing:<\/p>\n

Turnkey real estate offers hands-off investing. Renovated properties are ready to rent and often pre-managed by third-party companies. Investors benefit from immediate cash flow, minimal renovation hassle, and easy scalability.<\/span>
\nThe hands-off nature means higher upfront costs, limited control over renovation quality, and reliance on the turnkey provider\u2019s integrity. There\u2019s also the potential for overpaying if due diligence is neglected.<\/span>
\nThis approach suits passive investors, prioritizing ease and immediate income over control and customization. However, the higher purchase premiums may not appeal to those looking for higher returns through real estate flips.<\/span><\/p>\n<\/div><\/div>\n<\/div>\n<\/div>\n

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Disclaimer<\/h5>\n
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The information provided on this website is for general informational purposes only and should not be construed as legal, financial, or investment advice.\u00a0<\/span><\/p>\n

Always consult a licensed real estate consultant and\/or financial advisor about your investment decisions.\u00a0<\/strong><\/p>\n

Real estate investing involves risks; past performance does not indicate future results. We make no representations or warranties about the accuracy or reliability of the information provided.\u00a0<\/span><\/p>\n

Our articles may have affiliate links. If you click on an affiliate link, the affiliate may compensate our website at no cost to you. You can view our <\/span>Privacy Policy<\/span><\/a> here for more information.\u00a0<\/span><\/p>\n

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Deni and I have a student named Maria who lives in the Bay Area and is in our FIRE from Real Estate course.<\/strong><\/p>\n

Maria makes a good living, but when she looks at the cost of buying a rental property in the Bay Area, even she blanches. It\u2019s a struggle to find any rentals under $600,000.<\/strong><\/p>\n

In fact, Maria said most people she knows who have tried their hand at real estate investing just want to break even. Their only goal is not to lose money every month due to negative cash flow.<\/strong><\/p>\n

Because Maria had never bought a rental property before, she wanted to buy somewhat locally. But after an exasperating search in the Bay Area and Sacramento, she\u2019s ready to throw in the towel and look elsewhere.<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

The Rise of Long-Distance Real Estate Investing<\/h2>\n

Maria is far from alone. It\u2019s a common phenomenon \u2013 real estate investors from expensive coastal cities feel priced out and turn inland for higher rental returns.<\/strong><\/p>\n

Here\u2019s how cities across the US measure up on real estate price-to-income ratios:<\/p>\n<\/div><\/div>\n

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(Map courtesy of the Brookings Institute<\/a>)<\/em><\/p>\n

Long-distance real estate investing has skyrocketed in the last five years.\u00a0<\/strong>From 2016 to 2020, the percentage of buyers who made offers sight unseen jumped from 19% to 63%, according to a\u00a0<\/strong>study from Redfin<\/strong><\/a>.<\/strong><\/p>\n

Over a third of real estate purchases are bought sight unseen!<\/p>\n

Redfin isn\u2019t the only company to notice. Seemingly overnight, turnkey property sellers have risen from a cottage mom-and-pop industry to enterprise-level operations. Roofstock<\/a>, the undisputed frontrunner in the turnkey rental property industry, revealed that 62% of their transactions were long-distance real estate investing deals, with buyers over 1,000 miles from their purchased property.<\/strong><\/p>\n

Real estate investing isn\u2019t local anymore, Toto.<\/p>\n

\u00a0<\/p>\n

What Is a Turnkey Property?<\/h3>\n

A turnkey rental property needs little or no work to be rent-ready. In many cases, turnkey properties are already rented and producing cash flow.<\/strong><\/p>\n

Turnkey property sellers historically were individual real estate investors themselves. They bought a property that needed work, renovated it, and flipped it to a long-term rental investor, often off-market through their private mailing list.<\/strong><\/p>\n

While there are still tens of thousands of mom-and-pop turnkey rental property sellers in America today, the market has begun to shift. Some turnkey property sellers now use for-sale-by-owner listing services to publicly list their properties on the MLS without paying a full Realtor commission.<\/strong><\/p>\n

Others list through turnkey property investing marketplaces, such as Roofstock.<\/p>\n

And increasingly larger companies are getting in on the turnkey property investing action.<\/strong><\/p>\n

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Evolution of Turnkey Property Investing<\/h3>\n

Turnkey property investing has changed over the years \u2013 from a local mom-and-pop business to a modern industry that\u2019s easier for anyone to enter.<\/span><\/p>\n

Aspect<\/p>\n

Traditional Turnkey<\/p>\n

Modern Turnkey Trends<\/p>\n

Seller Type<\/span><\/p>\n

Individual investors<\/span><\/p>\n

Larger companies, marketplaces<\/span><\/p>\n

Marketing Method<\/span><\/p>\n

Private mailing lists<\/span><\/p>\n

MLS, online platforms<\/span><\/p>\n

Property Condition<\/span><\/p>\n

Renovated<\/span><\/p>\n

Often already rented<\/span><\/p>\n

Market Reach<\/span><\/p>\n

Typically local<\/span><\/p>\n

National or even international<\/span><\/p>\n

Buying Process<\/span><\/p>\n

Often off-market<\/span><\/p>\n

More transparent online options<\/span><\/p>\n

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Where Can I Find Turnkey Rental Properties?<\/h3>\n

If you\u2019re interested in long-distance real estate investing, here are a few places to start the hunt in your turnkey property investing campaign.<\/strong><\/p>\n

\u00a0<\/p>\n

Roofstock<\/h4>\n

There\u2019s a reason why Roofstock<\/a> has enjoyed a meteoric rise in popularity.<\/strong><\/p>\n

Roofstock makes it simple and convenient for anyone to start investing in real estate long-distance. They certify each property before listing it and include an incredible amount of detail for investors in each listing.<\/strong><\/p>\n<\/div><\/div>\n

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In the sample listing above, you can see details like market rent, tenant payment history (if the turnkey property is already rented), projected returns, internal rate of return, five-year cash flow projections, property appreciation data, and detailed information about the neighborhood itself.<\/p>\n

It\u2019s worth mentioning that Roofstock is a marketplace, not a seller. They don\u2019t typically own any of the properties listed for sale \u2013 they are merely connecting turnkey property sellers with buyers.<\/strong><\/p>\n

Roofstock charges a commission of 2.5% (or $2,000, whichever is higher) to the seller and 0.5% (or $500) to the buyer. With that buyer\u2019s fee, they also include several guarantees \u2013 more on these shortly.<\/strong><\/p>\n

\u00a0<\/p>\n

Corporate Turnkey Property Sellers<\/h3>\n

Increasingly larger operations are turning to turnkey property investing and catering to long-distance real estate investors.<\/p>\n

One example is Norada Real Estate<\/a>, which makes out-of-state real estate investing easy with properties in Florida, Georgia, Idaho, Texas, Mississippi, Ohio, and other Midwestern and Southern markets.<\/strong><\/p>\n

One perk that some corporate turnkey rental property sellers offer is seller financing. In many cases, Norada provides seller financing.<\/p>\n

\u00a0<\/p>\n

Mom-and-Pop Turnkey Rental Property Sellers<\/h3>\n

Traditionally, most turnkey property sellers were real estate flippers. They would buy properties in strong rental neighborhoods, update them, and sell them to long-term investors.<\/p>\n

Because these are individual investors spread over thousands of cities in the US, they\u2019re not as easy to find. Often, you\u2019ll find them in local real estate investing Facebook groups, on local\u00a0BiggerPockets<\/a>\u00a0forums, or in our nationwide\u00a0landlords and real estate investors Facebook group<\/a>.<\/strong><\/p>\n

Or better yet, you can find a directory of them in our Dealfinder Database, which we provide in our FIRE from Real Estate<\/a> program.<\/p>\n

\u00a0<\/p>\n

Target Audience and Ideal Turnkey Investors<\/h2>\n

In all honesty, turnkey real estate investing isn\u2019t for everyone, but it can be perfect for certain investors. Let\u2019s discuss who might benefit most from this approach.<\/span><\/p>\n

Time-Strapped Professionals: Investors with demanding full-time jobs or busy lifestyles can benefit greatly from turnkey properties. <\/span>These individuals want to diversify their portfolio with real estate but don\u2019t have time to manage renovations or hunt for deals.<\/p>\n

Lon<\/strong>g-Distance Investors: For those priced out of their local markets or looking to invest in more affordable regions, turnkey properties provide an opportunity to tap into promising markets without the headache of long-distance property management.<\/span><\/p>\n

Nervous Newbies: First-time real estate investors often feel overwhelmed by property acquisition and management complexities. <\/span>Turnkey properties offer a gentler learning curve, with much of the initial legwork handled by experienced investors.<\/p>\n

Portfolio Diversifiers: Even seasoned investors can benefit from turnkey properties when looking to expand into new markets quickly and efficiently.<\/span><\/p>\n

Passive Income Seekers: Retirees or those nearing retirement often gravitate towards turnkey properties. T<\/span>hey want steady cash flow without the active work of traditional landlords.<\/p>\n

The ideal turnkey investor values convenience over sweat equity. If you nodded to any of these profiles, turnkey investing might be right up your alley!<\/span><\/p>\n<\/div><\/div>\n<\/div>\n<\/div>\n

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(article continues below)<\/em><\/p>\n<\/div><\/div>\n

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Real estate investments? Awesome. Being a landlord? Less fun.<\/strong><\/h5>\n

Learn how to earn 15-30% on passive real estate investments in one free class.<\/p>\n<\/div><\/div>\n

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Advantages of Turnkey Property Investing<\/h2>\n

Why buy turnkey rental properties?<\/strong><\/p>\n

Here are a few of the pros to turnkey property investing:<\/p>\n

\u00a0<\/p>\n

Pro 1: Convenience<\/h3>\n

Turnkey properties are easy to find. They need little or no renovation work to be rent-ready, so you can list them for rent immediately.<\/strong><\/p>\n

Which, in turn, means little or no vacancy carrying costs upfront and instant cash flow.<\/p>\n

In the case of turnkey property marketplaces like Roofstock<\/a>, or corporate turnkey property sellers, buyers can quickly sift through hundreds of turnkey properties all over the country.<\/strong><\/p>\n

That means easy long-distance real estate investing anywhere in the country, from your pajamas.<\/p>\n

Here\u2019s a quick overview of how Roofstock\u2019s property listing system looks and feels:<\/p>\n<\/div><\/div>\n

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Pro 2: Turnkey Properties Often Come Already Rented<\/h3>\n

While not always the case, many turnkey rental properties come with tenants.<\/strong> In these cases, turnkey property investors can review rent payment history data to gauge the tenant\u2019s reliability.<\/p>\n

Additionally, turnkey buyers can ask for the renters\u2019 original tenant screening reports<\/a>\u00a0to view their credit report, criminal history, eviction history, and rental application<\/a>.<\/strong><\/p>\n

\u00a0<\/p>\n

Pro 3: Possible Guarantees<\/h3>\n

One nice perk of Roofstock is that they include several guarantees to make turnkey property investing more comfortable, especially for long-distance real estate investors.<\/strong><\/p>\n

The first guarantee they include is a 30-day property guarantee. If you\u2019re unhappy with a turnkey property you\u2019ve bought through their marketplace, you can re-list it for sale with their commission waived, and they guarantee you will receive the full amount you paid for it.<\/strong><\/p>\n

If it fails to sell within 90 days, they buy it from you themselves.<\/p>\n

The second guarantee that Roofstock<\/a> offers is on rental income.<\/strong> For vacant turnkey properties, they guarantee that you\u2019ll rent the property within 45 days of buying it. If the property doesn\u2019t rent within 45 days, they will pay you 90% of the market rent until you sign a lease agreement<\/a> with a tenant.<\/strong><\/p>\n

When did you last see a Realtor offer that kind of service and guarantee?<\/p>\n

One caveat for that rent guarantee \u2013 you have to work with one of their certified property managers.<\/strong><\/p>\n

\u00a0<\/p>\n

Pro 4: Help with Local Vendors<\/h3>\n

One nice perk of going through a turnkey property seller in long-distance real estate investing is that they can refer you to excellent, investor-friendly local service providers.<\/strong><\/p>\n

As alluded to above, when Roofstock enters a new market, it vets the local property managers and chooses the top two or three that meet its quality standards. These certified property managers are already screened to boost your comfort with out-of-state real estate investing.<\/strong><\/p>\n

But Roofstock isn\u2019t the only turnkey property seller that can refer you to a good local property manager. Local mom-and-pop turnkey rental property sellers almost always work closely with good local property management teams as well.<\/strong><\/p>\n

Similarly, turnkey sellers can help refer you to local title companies, lenders, insurance agents, and any other local services you require. Roofstock<\/a> puts local insurance agents through a similar vetting process and can recommend reliable and honest brokers.<\/strong><\/p>\n

\u00a0<\/p>\n

Disadvantages of Turnkey Properties<\/h2>\n

Is turnkey property investing all sunshine and butterflies? Not exactly, or everyone would be doing it.<\/strong><\/p>\n

Here\u2019s what to watch out for as you evaluate turnkey rental properties and consider long-distance real estate investing.<\/p>\n

\u00a0<\/p>\n

Con 1: Often Mediocre Returns<\/h3>\n

The nice thing about buying a property to fix up is that you can score a good deal and force some equity and appreciation.<\/strong><\/p>\n

But with turnkey properties, someone\u2019s already done that for you. They\u2019ve already squeezed the juice out of the equity and are selling it for top dollar.<\/strong><\/p>\n

My experience has been that rental investing returns on Roofstock hover in the 3-9% range.<\/strong> And properties at the high end of that range aren\u2019t just lying around, either. When listed, they tend to move quickly, so you\u2019ll need to closely monitor listings.<\/p>\n

Nor are these turnkey property returns unique to Roofstock. From corporate turnkey sellers to mom-and-pop turnkey specialists, they know what they\u2019re doing and are pricing the properties at full market value.<\/strong><\/p>\n

Convenience comes at a cost!<\/p>\n

If you want to score better deals, check out our review of real estate investing tool PropStream<\/a>.<\/strong><\/p>\n

\u00a0<\/p>\n

Con 2: Often Lower-Quality Tenants<\/h3>\n

I once knew an unscrupulous turnkey seller who didn\u2019t even bother running tenant screening reports. He just took whichever applicant was willing to pay the most into his turnkey properties.<\/strong><\/p>\n

Why? So that he could charge the highest price for them, which was justified by the high rent.<\/p>\n

Just because a turnkey rental property comes with a tenant doesn\u2019t mean they\u2019re a good<\/em> tenant.<\/strong> You still need to do your own due diligence to verify their tenant screening reports and rental application.<\/p>\n

If the seller can\u2019t provide those screening reports and the rental application, buyer beware!<\/strong><\/p>\n

\u00a0<\/p>\n

Con 3: Long-Distance Real Estate Investing Makes Due Diligence Difficult<\/h3>\n

Captain Obvious here: it\u2019s harder to do your due diligence on a property when investing in long-distance real estate.<\/strong><\/p>\n

You can\u2019t walk through the property yourself, so you cannot tell if it smells like mold or if the condition matches the photos.<\/p>\n

Instead, you must rely on others to inspect the property and report to you.<\/strong><\/p>\n

Granted, no one says your turnkey property investing has to be out-of-state. You can buy turnkey rental properties in your own hometown, which makes this con irrelevant for anyone not engaging in long-distance real estate investing.<\/strong><\/p>\n<\/div><\/div>\n<\/div>\n<\/div>\n

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Want to compare investment property loans?<\/a><\/h5>\n<\/div><\/div>\n
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<\/a><\/a><\/a><\/a>What do lenders charge for a rental property mortgage<\/strong>? What credit scores and down payments do they require?<\/p>\n

How about fix-and-flip loans<\/strong>?<\/p>\n

We compare the best purchase-rehab lenders and long-term landlord loans on LTV, interest rates, closing costs, income requirements and more.<\/p>\n<\/div><\/div>\n

\n\t\t\t\tCompare Investor Loans<\/a>\n\t\t\t<\/div>\n
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More Challenges and Risks in Turnkey Investing<\/h2>\n

Wait, there\u2019s more? Right, although turnkey properties may seem like a dream come true, they\u2019re not without their pitfalls. Here are some challenges and risks to watch out for:<\/span><\/p>\n

Inflated Numbers: Some unscrupulous turnkey providers might exaggerate potential rents or underestimate expenses to make a property look more attractive. <\/span>Always verify the numbers independently.
\nLipstick on a Swine: Not all renovations are created equal. Some turnkey companies focus on cosmetic upgrades that look great in photos but ignore underlying issues. <\/span>That fresh coat of paint might be hiding serious problems.
\nQuality of Tenants: Remember our earlier warning about tenant screening? It\u2019s worth repeating. <\/span>Some turnkey sellers might place any tenant just to show occupancy, regardless of their long-term suitability.
\nMarket Knowledge Gap: When investing long-distance, you\u2019re disadvantaged in understanding local market dynamics. <\/span>This can make it harder to spot overpriced properties or declining neighborhoods.
\nReliance on Third Parties: With turnkey investing, you\u2019re putting a lot of trust in the seller and property management company.<\/span> If either drops the ball, your investment could suffer.
\nHigher Entry Costs: The convenience of turnkey properties comes at a price. <\/span>You\u2019re likely paying a premium compared to finding and renovating a property.
\nLimited Customization: If you have specific ideas about how your rental property looks or functions, a pre-packaged turnkey property might not meet your needs.<\/span><\/p>\n

Due diligence is as important to mitigate these risks. <\/span>Always get a professional inspection, even if the property is supposedly \u201cfully renovated.\u201d Just because it\u2019s called \u201cturnkey\u201d doesn\u2019t mean you can turn off your brain.<\/span><\/p>\n

Stay engaged, ask tough questions, and don\u2019t be afraid to walk away if something doesn\u2019t feel right. Your future self (and your bank account) will thank you!<\/p>\n\n

Turnkey Property Management<\/h2>\n

As mentioned above, one advantage\u00a0of out-of-state real estate investing through\u00a0Roofstock<\/a> is that they vet and certify local property managers to recommend them<\/span>.<\/strong><\/p>\n

However, as the owner, you are not obligated to use one of their certified property managers. You can choose another property management firm or forego property managers and use our online landlord app<\/a> to automate your management!<\/strong> (Shameless plug? Yeah, well, we are a business, after all!)<\/p>\n

You can also deduct the rent from the tenant\u2019s paycheck for even more assurance of on-time rent.<\/strong><\/p>\n

Of course, the inverse is also true. You don\u2019t have to use Roofstock for your long-distance real estate investing, but you could still find out which property management firms they\u2019ve certified in that local market.<\/p>\n

Hiring people who have already been vetted for you is always nice!<\/strong><\/p>\n

As a final note, it\u2019s worth mentioning that Roofstock does not receive a commission or other financial gain from its certified property managers. There\u2019s no conflict of interest\u2014it truly wants to work with the best in any given market.<\/strong><\/p>\n

\u00a0<\/p>\n

Financing a Turnkey Property<\/h2>\n

One of the great advantages of turnkey property investing is that it\u2019s easy to finance since it typically doesn\u2019t require repairs.<\/strong><\/p>\n

Instead of getting a short-term renovation loan and refinancing once the repairs are finished, you can buy the property with a permanent long-term mortgage.<\/p>\n

We\u2019ve vetted several investment property lenders; see our investment property loans<\/a> comparison chart for details. To compare today\u2019s rates on conventional loans, check out Credible<\/a>.<\/strong><\/p>\n

Roofstock<\/a> also vets local and nationwide lenders and can offer a few recommendations.<\/p>\n

\u00a0<\/p>\n

Firsthand Experiences with Roofstock<\/h2>\n

I have not yet bought a property through Roofstock. So to bring some firsthand perspectives, here are a few case studies from real estate investors on BiggerPockets<\/a>:<\/p>\n

\u201cOverall, I would say the process has been pretty painless. I think that Roofstock has a really great tool\/system and does a great job of what they have set out to do.<\/strong> I was a little frustrated by the miscommunication and phone tag at the end, but that isn\u2019t Roofstock\u2019s problem, and I know that generally, last minute changes right before closing aren\u2019t terribly uncommon. I would definitely use Roofstock again \u2013 in fact I plan to.\u201d<\/p>\n

Jon Krombein<\/strong><\/a>, Rental Property Investor from Seattle, WA\u00a0<\/em><\/p>\n

\u00a0<\/p>\n

\u201cA Roofstock representative was closely working with me while I placed the order and confirmed that the purchase went through fine and congratulated me on the first purchase.<\/strong> Following Monday, I got a one line text from Roofstock that the purchase was cancelled. Not sure what happened in between. In this case, I am guessing, the Seller did not act on any of\u00a0the offers and after the review period ended the Seller\u00a0went to Roofstock to allow him to pick previous offers. At least they should give a proper\u00a0explanation instead of apologies.\u201d<\/p>\n

\u00a0Anandakumar Elumalai<\/strong><\/a>, Rental Property Investor Torrance, California<\/em><\/p>\n

\u00a0<\/p>\n

\u201cWould I Use Roofstock Again? Yes. I felt that even though I had issues with the certificate of compliance, the inspection\/appraisal report, and closing, I would use Roofstock again and would recommend it to others.<\/strong> Obviously, that recommendation may change as we move forward and have more experiences with Roofstock, and become more experienced investors, but as of right now I have been pleased with the experience, communication, and ultimate result of using Roofstock for our first out-of-state rental purchase.\u201d<\/p>\n

Jason Gines<\/strong><\/a>, Turnkey Property Investor from Long Island, NY<\/em><\/p>\n

\u00a0<\/p>\n

Final Word<\/h2>\n

Whether you use a corporate turnkey property seller, a mom-and-pop seller, or Roofstock<\/a>, turnkey rental properties can be an excellent avenue for long-distance real estate investing.<\/strong><\/p>\n

It can also be a convenient and simple way to buy your first rental property<\/a>.<\/p>\n

Always be doubly careful with your due diligence when buying properties unseen. Out-of-state real estate investing can help you pursue more profitable markets but also puts you at risk for buying properties with unforeseen problems.<\/strong><\/p>\n

Consider finding a local partner to serve as boots on the ground when in doubt.<\/p>\n

Alternatively, you could visit in person \u2013 and perhaps write off the trip as a real estate investing tax deduction<\/a>!<\/strong><\/p>\n

\u00a0<\/p>\n

Have you ever bought a turnkey property? What were your experiences with turnkey property investing or long-distance real estate investing?<\/em><\/h5>\n<\/div><\/div>\n<\/div>\n<\/div>\n
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The post Turnkey Real Estate: Pros & Cons for Long-Distance Investing<\/a> appeared first on SparkRental<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

The Big Picture On Turnkey Real Estate Investing: Turnkey real estate offers hands-off investing. Renovated properties are ready to rent and often pre-managed by third-party companies. Investors benefit from immediate cash flow, minimal renovation hassle, and easy scalability. The hands-off nature means higher upfront costs, limited control over renovation quality, and reliance on the turnkey […]<\/p>\n","protected":false},"author":0,"featured_media":162,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-161","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-management"],"_links":{"self":[{"href":"https:\/\/myrealestatearticle.com\/index.php?rest_route=\/wp\/v2\/posts\/161"}],"collection":[{"href":"https:\/\/myrealestatearticle.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/myrealestatearticle.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/myrealestatearticle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=161"}],"version-history":[{"count":0,"href":"https:\/\/myrealestatearticle.com\/index.php?rest_route=\/wp\/v2\/posts\/161\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/myrealestatearticle.com\/index.php?rest_route=\/wp\/v2\/media\/162"}],"wp:attachment":[{"href":"https:\/\/myrealestatearticle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/myrealestatearticle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/myrealestatearticle.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}