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Why "Turnkey" Isn't Problem-Free

Why "Turnkey" Isn't Problem-Free

FromReal Wealth Show: Real Estate Investing Podcast


Why "Turnkey" Isn't Problem-Free

FromReal Wealth Show: Real Estate Investing Podcast

ratings:
Length:
21 minutes
Released:
May 11, 2019
Format:
Podcast episode

Description

Busy professionals may not have the time to buy, renovate and manage their rental properties. And if they live in expensive metros, they may not be able to find properties that cash flow nearby. This often leaves them no choice but to buy property out-of-state that is already renovated and managed, which is also known as "turnkey" rental property. But does turnkey mean problem free? Unfortunately, it does not. Rental properties are never truly turnkey in the sense that you can just buy them and forget about them because they magically create checks that show up in your mailbox or inbox. Properties are not like stocks. If you buy an Apple stock, and your neighbor buys and Apple stock, you are basically buying the same thing -- maybe just at a different price. With real estate, every single property is different. And therefore, turnkey or not, they all require a buyer's due diligence. Our guest today was in that exact situation. He wanted to build a rental portfolio but couldn't do it locally. So he researched the turnkey model, and created systems that he'll share with us on the Real Wealth Show. www.RealWealthShow.com  
Released:
May 11, 2019
Format:
Podcast episode

Titles in the series (100)

Smart real estate investing will give you the time and the money to live life on your own terms! We call that real wealth. Host Kathy Fettke is Co-CEO of Real Wealth Network and author of the best selling “Retire Rich with Rentals.” She launched this podcast in 2003 to share her own secrets and those of top experts in the real estate investing field. She along with guests like Robert Kiyosaki, Loral Langemeier, Peter Schiff, Doug Duncan, John Burns, Bruce Norris and other rising real estate stars offer insights on the creation of passive income through real estate, and how to avoid costly mistakes. Learn how to build a portfolio outside the stock market with buy-and-hold strategies, single-family rentals, multi-family properties, syndicated deals, self-directed IRAs and 401ks, the highly-revered 1031 exchange, private money lending, creative financing, and much more!