Not exact matches
In my conversation with Josh Weidman, who is an experienced
property manager, buy - and -
hold and fix - and - flip investor, and currently operates a successful
turnkey real estate company, he provided his best real estate investing advice ever, which comes from the knowledge he has attained through an accumulation of his many experiences, positive and negative: you've got to live and die by the numbers!
This a
turnkey opportunity with all the fine art included in the sale, and the
property is
held in a corporation.
We have one buy and
hold property that was purchased as a
turnkey with minor upgrades.
Not trying to be snarky here or ruffle any
turnkey people's feathers, I'm genuinely interested in learning what each party gains from an arrangement like this and specifically what's in it for the
turnkey company and why not just
hold the
property and keep all the profit?
We're talking about $ 25k - $ 50 deals here so low barrier to entry, the sales commissions / management fees can't be that great for the
turnkey company and I'd expect a legit company to be capitalized such that they could buy and
hold those
properties themselves.
A lot of
turnkey companies don't have the capacity to keep
holding properties as buying, renovating, and
holding properties can be capital - intensive and some of these companies manage and sell hundreds of
properties.
So, would you recommend purchasing
Turnkey property in the San Antonio, Dallas, or Houston market, for a 5 - 10 year
hold?