Before you buy a real estate investment, it’s important that you understand an important distinction: turnkey providers vs. full service real estate companies. On this episode of Investing in Real Estate, we’re going to hash out the differences between the two.
You’re also going to learn more about how our company provides a full-service experience, and what that entails. This episode is meant to help you make the best, most-informed decision for your personal situation. Press play to learn more about turnkey vs. full service real estate investing!
On this episode you’ll learn:
- The main difference between a turnkey provider and a full-service company.
- What full-service real estate is.
- What you should expect from a full-service real estate experience.
- And much more!
The Main Difference Between a Turnkey Provider and a Full-Service Company
The simplest explanation is this: a full-service company provides service long-term, whereas a turnkey provider is a short-term solution. A full-service team is going to help you identify your goals and help you map out a 5 to 10 year plan on achieving those goals. On the other hand, a turnkey provider simply sells you a rental property and the relationship ends with that transaction.
What Full-Service Real Estate Is
A full-service team should provide:
- 12-15 months market research
- property built from the ground up
- management team is already vetted and in place
- multiple financing options
- non-recourse loans already approved
- tenant in place from day one – meaning cash flow!
What You Should Expect From a Full-Service Real Estate Experience
A full-service team should provide full-service options. There should be services and communication in place after you buy your property. A full-service experience includes setting up LLC’s and self-directed accounts, access to a 1031 Exchange Program, and offer services like cost segregation.
Episode Resources
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The Power of Non-Recourse Financing
Is a Cost Segregation Study Worth It?
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Dan Kraus at Churchill Mortgage
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DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.
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