Sometimes people confuse real estate investing with running a real estate business – especially when everyone says you’re supposed to run your investments like a business. Confusing isn’t it? That’s why many people simply turn their money over to Wall Street. It’s painless and easy. Like a scalpel. It’s all fun and games until someone loses their net worth.
Real estate attracts people who want to be closer to real tangible investments they can understand and have more direct control over. But not everyone has the time, talent or temperament to find, fix up and rent out properties. So before you pick up a hammer and plunger, you may want to look at turnkey rental property solutions as a great way to get in on all the amazing bargain inventory available today.
What is a turnkey property solution you ask? We wanted to know too, so after our wives had us scour the sink, they let us out to scour the country – and we found a guy who’s been in the turnkey rental property business for nearly 10 years. He called in and our crack engineering crew patched him into the broadcast.
Lending their voices to this sparkling edition of The Real Estate Guys™ Radio Show:
- Your host and shining star, Robert Helms
- Co-host and chief scrub, Russell Gray
- Turnkey Rental Property Purveyor, Practitioner and Pontificator, Terry Kerr
With all the talk about unemployment and real estate entrepreneurship, what if you’re one of the throwback investors who actually have a good job with good income and some investment capital you want to put to work? That’s where a turnkey provider comes in real handy. They’re in the business of buying, fixing up, renting out and handing over to you a plug n’ play cash flowing property – complete with long term property management in place. Now doesn’t that just sound groovy?
But (and as always it’s a big one), not all “turnkey” providers are the real deal. With all the distressed inventory in the market, banks are dumping it wholesale. That can be good, but just having a property flipped to you doesn’t mean it’s plug ‘n play. It end up as “pull the plug”. Not fun.
To help you avoid this terrible fate, Terry Kerr shares his tips for turnkey property investing – and gives us some local knowledge on a low cost, high cash flow market that you’ve probably heard of, but may not know that well. And pay attention, because we persuaded Terry to produce a special report on this tantalizing topic so you don’t have to take too many notes. 😉
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The Real Estate Guys™ Radio Show podcast provides education, information, training and resources to help investors make money with their real estate investing.