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Updated over 9 years ago on . Most recent reply

User Stats

176
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182
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Chris Collins
  • Multifamily Investor
  • Newport Beach, CA
182
Votes |
176
Posts

Why don't THEY buy it themselves? (a Q re: Turnkey 'deals')

Chris Collins
  • Multifamily Investor
  • Newport Beach, CA
Posted

My question is this, and it applies to Turnkey companies, as well as other investors selling properties.

"Why don't they buy it themselves if its such a great deal/ROI?"

If a turnkey company actually believes in the product they're marketing as a great ROI for the potential client and has such great cash flow potential, why don't they just get a loan and put the 20% down on the property themselves? Why sell it and get their small 1-time commission?

Thanks,

x CHRIS x

  • Chris Collins
  • Most Popular Reply

    User Stats

    2,028
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    1,418
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    Mark Ainley
    • Property Manager
    • Roselle, IL (Chicago Suburb)
    1,418
    Votes |
    2,028
    Posts
    Mark Ainley
    • Property Manager
    • Roselle, IL (Chicago Suburb)
    Replied

    @Chris CollinsThat is in a way what we do.  We were doing it for ourselves and saw a huge demand for better quality in better neighborhoods in Chicago so we put some marketing material together and here we are.  Most turn key properties we sell we own a property ourselves within a block or two. This clearly isn't the norm because you wouldn't be asking the question if it was but that is just how we are different than most.  

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