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Updated almost 7 years ago on . Most recent reply
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Getting burnt out // Thinking Turn Key with MidSouth....
I am in a strong financial offensive mode in building my cash position right now. I basically work two jobs and save 5k a month. It's really one demanding job and then full time school (the GI Bill pays me to get good grades...for now). I have very little time after those two things, U.S. Coast Guard Reserves, fatherhood and being a husband.
I've been trying to work with my out-of-state cousin to find a deal. He owns 30 homes with a partner and 10 or more of his own and brokers, flips, and wholesales but the right opportunity hasn't popped up there either and, I have to face it, he is a busy guy himself. I know there are deals in any market and I have been a business owner and forged these relationships that lead to opportunities in another space, but I don't have that kind of time any more. Really, any little amount of time I have left should be spent with my family or doing something for my health.
All that said, I am considering just going turnkey with MidSouth Home Buyers to get my feet wet in this game. I met someone today who has 2 homes with them and is very satisfied.
I appreciate your thoughts.
Most Popular Reply
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Turnkey is certainly a good way to get into real estate with minimal efforts. I have seen quite a few people get into real estate via Turnkey, then like it so much, they build their own team and go out on their own. Then there are some that never want to put that kind of effort. Terry is a good guy running a good operation. You will have to be patient as they have a waiting list, which sort of puts you in the same situation with your cousin.
BTW, you are going to get a lot of anti and pro TK responses. Everyone is different and you will simply have to find out what is best for you after speaking with Mid South.
- Alex Craig
- 901-848-9028