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Updated almost 7 years ago,
Turnkey brokers (Jason Hartman and Real Wealth Network)
A year ago, I started listening obsessively to all the REI podcasts and books I could get my hands on, and I am in escow on my first flip right now. I think I will continue with flipping to increase my income, and re-invest in rentals for cashflow.
For most of the last year, I have thought negatively towards out-of-state turnkey investing.....the risks associated with a long distance property management relationship just seemed too high. But after a local acquaintance shared his rational for turnkey investing, I'm starting to see the advantages. Likewise, my months of searching locally in Northern California have been fruitless.
In the process of researching turnkey opportunities, I've run across two turnkey brokers, Jason Hartman (jasonhartman.com) and The Real Wealth Network (run by Rich and Kathy Fettke). They vet markets and property managers, and then list turnkey homes for sale on their sites. Yes, it is important to do my own due diligence regarding markets and property inspections, etc.; but, I appreciate having an extra partner in the process. Does anyone have experience with either of these turnkey brokers (maybe there is another word for what they do)?
Thanks