NEW QUESTION>>>

[Jacob Villalobos]

I noticed that some members of this site have businesses selling cash flow properties. In Texas, Memphis or some other place. Are these people legit? I also hear a ton of people saying to do everything yourself (Finding deals and the like) Has anyone worked with these companies? Any reviews or comments????

[Bill Gulley]

We certainly have some good companies represented here but don't assume that because anything here that might be advertised has any endorsement you need to do your due diligence on anything you do in RE.

Turn key operations can be ripe with fraud or scams, there are those that have picked up very cheap properties, put lip stick on, put a partner type tenant in at higher than market rates to justify a much higher price to sell the package. Later the tenant moves out and you discover you can only get a fraction of that rent. So, check out tenants closely and markets closer.

I suggest you assume nothing, hope for the best and rely only on what you can verify.

To my knowledge, seems the two areas you have mentioned haven't been areas of any real issue, prices and markets are rather stable. :)