Downside of Buying Turnkey Real Estate


Downside of Buying Turnkey Real Estate

Purchasing a turnkey rental property can be an excellent way to get started building your real estate portfolio. For many new investors, it’s a great way to quickly create passive income and cash flow. However, turnkey investing is not for everyone. It’s imperative that you make the most informed decision when investing. In this video, you’ll learn five disadvantages of working with a turnkey provider.

This video is for you if you’re on the fence about working with a turnkey provider. I’ll share anecdotes that I’ve experienced with other turnkey providers, and things to look for when choosing a company to work with.

In this video, you can expect to learn five downsides to working with a turnkey real estate provider. I hope this will give you some insight into whether purchasing real estate investments through a turnkey provider is right for you.

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20 Responses to Downside of Buying Turnkey Real Estate

  1. KidCity Lynnwood

    Phil, do you have an uncle in the Seattle area? You have such a reasonable demeanor. I need a guy like you to be my partner. You would be fun to be married to and work with.

  2. CarneAsadaTaco1

    Hi Clayton, love the videos. I'm curious as to what Up front and on going fees your firm charges the investor? I live in the Los Angeles area and want to invest with your company but I'm unclear of the agreement between the Investor (me) and the TurnKey provider (you). Perhaps you can shed some light on this. Thanks!

  3. Maniacus Games

    What is your commission percentage if I were to use your company to purchase a turnkey property, I'm assuming there is a percentage for property management. But according to your videos and your site, hands off for me means that you handle all the logistics. So if say the renovated total price before closing is $40k what would be your front end?

  4. Óscar Ferreira

    What if I live outside the USA? I am canadian but live in Europe.

  5. Nehemiah Brown

    I did my research and found out people are moving to the south at a very fast rate. Should I think about investing there, even though I live on the west coast?

  6. John Woody

    We really like your videos, time to get busy!

  7. Steven Padilla

    Hi, Clayton. If I'm investing in a turnkey rental and I'm financing the investment, do I ask what's the net cash on cash ROI? The net ROI is for cash only investments, right?

  8. tanveer ahmed

    I talked one of your guy last week; he was really nice. I am planning to work with you for my first investment property. How do I know the data or testimonials of any turn key providers are authentic and how can I contact the people who got service from them? Lastly, will you suggest to buy any property with less than 5% equity?

  9. Paper Plates Clothing Co.

    When you say Net ROI, Are you speaking of Cash on Cash ROI? Great video btw

  10. NAJEM SUHAIL

    informative

  11. chachee15

    I am considering using your turnkey service but the one question that I had is how you get paid for setting this all up and doing everything. Does it get deducted in the expenses and calculated for my net ROI total? And also typically how much would I need to bring to the table to get started at your company?

  12. Dyllan Kerr

    Hello Clayton,

    One question I have is that if I buy an already rehabbed property from your company do I get information on things like; what the property was like before the rehab (possibly the inspection report & some pictures), what items were rehabbed in the process and which were not, and also, on the things that were rehabbed, what is the warranty (if any) on those components of the house?

    -Dyllan

  13. Elsa N.

    Thank you for posting. I always learn a lot from your videos. Just started the process with F&G, but once all that's settled rest assure I'm investing through your company. Many, many, many thanks!!!

  14. devaughn christopher

    sorry for the essay lol

  15. devaughn christopher

    Getting all my ducks in a row before i give you guys a call. I really enjoyed this video ( as my wife and I do all your videos!) we are eager to invest out of state through your company even though we are a bit nervous bout not being any where near our investment. You and your wife remind me of us with our hopes to build a legacy for our kids all while sticking it to "the man"! lol You'll be hearing from us soon once we decide on a local lender. we dont have the two you mentioned prior in your other videos down here in miami so we are looking for local banks in our area.

  16. Berliz Gonzalez

    My husband and I were fortunate to buy our first home in Daly City right next to San Francisco and we are actually looking into buying another home once the market goes down a bit and use it as a rental. Our plan is to continue buying rental properties in California since it's such a desired place to live, how come you don't recommend investing in California/the peninsula?

  17. Phi Nguyen

    Clayton, do you personally work directly with any new investors to handhold them on their first? Also, do you do financing or the first property needs to be paid in cash? Have you had unsuccessful investors and why aren't they successful?

  18. Bradley Hope

    Morris –

    Would you personally invest in Chicago or Philly? Ali Boone is an investor at "Hipster Investments" a turnkey provider who pushes these areas heavily. How do I verify that?

    She bashes Detroit as well, but also recommends KC and Indiana (which I believe are better options than Philly/Chicago and probably metro Detroit too). I look at Philly/Chicago and see high barrier markets… In contrast, Redford, Dearborn, Hazel Park, Livonia, and Oak Park MI (southeast MI metro) have HUGE deals for rentals with lower barriers to entry but worse population growth and industry strength. I don't know if I should invest locally where I am in metro Detroit, or try other places with larger population growth/industry.

    So, how do you analyze several cities against each other personally? What websites and metrics do you use to gather and assess such information? And how can I tell if a turnkey provider is trying to take advantage of my lack of knowledge on an area/property?

    Thank you,
    Brad

  19. Jason Stratton

    Thanks for your appearance on TWIT.
    I'll be binging on your videos. 👍

  20. Shason M

    I appreciate all your videos Mr. Morris!