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Have you ever wondered how the real estate industry, specifically turnkey real estate, works? We occasionally get questions about the details of our turnkey process. Many people wonder how turnkey providers profit.
On today’s show, Natali and I are sitting down to answer these questions, for the sake of transparency. We’ll discuss exactly how our process works, why it works, and how we make money through turnkey real estate. Please join us for episode 136 of Investing in Real Estate!
More About This Show
Most people think in order to buy or sell a house, you have to go through a realtor. This is not the case. While realtors do provide an excellent service to those who are looking to purchase a primary residence, that service is not useful in what we do.
We identify properties that are off the market. We look for deeply distressed homes that are under market value. We like to find properties that we can pay cash for, and we typically purchase several at a time.
Once we find these properties, we fix them, and put them in the hands of our property management companies. We then sell the property to an investor who can hold it as a cash-flowing investment. We like to think of it as matchmaking service!
While we’d love to do this out of the kindness of our hearts, it does cost us money to provide this service. It costs us to rehab the properties; it costs us to have a team, offices, etc. So when an investor purchases a property from us, we collect a finder’s fee, which our investors are glad to pay.
On today’s show, we’ll discuss further how our turnkey process works. We’ll also talk more about industry standards, and what type of investor is a good fit for turnkey investing. Don’t miss episode 136!
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If you’re ready to begin building a passive income through rental real estate, book a FREE call with our team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.
On this episode you’ll learn:
- Do we own our property management companies?
- How is turnkey real estate like Jiffy Lube?
- Is there a monthly fee to work with us?
- How do hedge funds work?
- And much more!
EP033: Understanding Real Estate Jargon
EP039: A Simple Way to Understand ROI
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