While wholesaling in Phoenix we created a volume mastermind on Facebook for investors who did a volume of deals, we wanted to figure out how to do volume and learn from those doing it. That’s how we got introduced to Turnkey Real Estate, one of the members was doing a ton of deals in Ohio and little by little we started helping on some deals, partnering on some deals which eventually led us to moving to Ohio. We fell in love with Turnkey and it organically grew into the launch of Freedom Real Estate Group.
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We run through our list of pros and cons for Turnkey real estate. One of the top pros is that there is no threat of market downturns. If you get inventory investors want cash flow. So let's hit our five category breakdown for this strategy.
1) Risk tolerance? Yes, there's a risk. There's a lot more risk now because now we're doing the renovations and the property management.
2)Time availability? You know, every second of every day, it takes a lot of time to manage everything around providing a turnkey product.
3)Knowledge? of everything! You have to have a tremendous amount of specific specialized knowledge in rehab, property management, accounting etc.
4)Inner circle? Even more so, you can’t know everything when you learn to depend on professions and colleagues with a lot of experience.
5) Access to capital? Now we're starting to need it. We need to buy the property. There you have it.
Watch our previous episode on how we evaluate Flips versus Turnkey versus Syndications - https://youtu.be/BD4HOy1keJM
Watch our previous episode about the 6 Benefits of Done For You Real Estate Rentals - https://youtu.be/tQEFaYlRUwg
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www.FreedomCapitalInvestments.com
Invest Smart. Live Happy.
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