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Updated almost 11 years ago, 01/31/2014
One Stop Shopping
I recently came across an Investment Brokerage & Asset Management Firm that basically acts as a Walmart of income property investing as they offer everything from the search for the property (courts, private banks) and private lending, to rehabbing with their own in-house construction crew. They are also PMs.
I spend much of my time overseas so having such a team (even though they I am assuming will be hired guns rather than partners) sounds like it would be beneficial and almost too good to be true for a novice investor.
I would appreciate thoughts on using such a company. These guys aren't exactly turnkey because they are with you from the conception. How much does one stand to lose financially through using this service? They do not mention fees on their site-perhaps they have one other than PM, or maybe all hidden? They do claim their construction crew offers 30 percent less costs than local contractors.
I am skeptical by nature and this all sounds too easy. I am also willing to concede profit for using such a team (if they are good) and the potential loss of income could be offset by not having a bad novice do it yourself deal.
Thanks in advance!