Most people get turnkey real estate investing all wrong. They either think it’s a completely hands-off investment like stocks or that all turnkey real estate companies offer the same product. Both of these assumptions can be dangerous when investing in what should be an easier, less stressful, and far more scalable type of real estate investment—turnkey rentals. If you invest in truly turnkey real estate, you’ll get all the benefits of regular rental properties with MANY of the headaches already dealt with. What do we mean?
We’re bringing back repeat guest Chris Clothier, turnkey provider and investor for over twenty years, to explain exactly what turnkey real estate is and whether or not it’s right for you. Chris describes the danger of thinking that every “turnkey” company is actually turnkey and signs that the company you’re dealing with could be selling you a bad deal. Plus, who should buy turnkey in the first place? Is it only for beginners, or do experienced investors move their money into these properties, too?
How much money do turnkey properties make? We’re sharing those stats and the two questions you MUST ask a turnkey company before you work with them!
Dave:
Do you want all the benefits of owning rental properties without having to do a lot of the work yourself? If so, turnkey investing could be right for you everyone. It’s Dave, and if you’ve been around the BiggerPockets community for a while, you may have heard of a guy named Chris Clothier. He’s been on this podcast a couple of times, or you might’ve seen him in the BiggerPockets forums where he’s posted more than 10,000 times. Chris has done a lot of stuff in real estate right now. He operates a business called REI nation where they buy properties, fix them up, find tenants, and then sell them to investors as sort of a nice complete package for people who want to operate on the more passive side of the real estate investing spectrum. In addition to this business, Chris…