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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!
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Here's a little insight into how the turnkey business works: we identify properties that are off-market. Typically, we look for deeply distressed homes that are under market value. Oftentimes these properties come from various wholesalers in our rental markets.
Simultaneously, we seek out investors who are wanting to make a high return on investment. Perhaps you've seen our Facebook ads or other marketing materials. We encourage the prospective investor to book a call with our team so he or she can be matched with a cash flowing property.
Think of us as a matchmaking service. We find an investor who wants high ROI, we find a property capable of that high return, and then we connect the two.
While we’d love to do this out of the kindness of our hearts, it does cost us money to provide this service. We pay our sales team, customer service team, etc. There is no contract or monthly service fee to work with us. We do not collect a portion of the investor's rental income. Our profit from this process is simple: when an investor purchases a property through our services, we collect a finder’s fee at closing.
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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