Turnkey Real Estate Investments

[Nick McCandless]

I am looking to begin with my real estate investing career and have $150k in cash ready and available to begin investing. I understand as someone new to real estate investing there is a lot to learn and even though I have read many books, until I do it myself for a few years, I will be far from an expert. What is everyone's thoughts on starting with turnkey real estate for now? I was recommended to check out Maverick Investor Group and it certainly seems appealing that they find the deals for you as well as offer many guarantees on the rehabs and such. Has anyone here used a turnkey company like Maverick and what was your experience? Also, how do you recommend getting started?

[Tim Richardson]

I just stumbled upon this post. Just putting my two cents on Turnkey Providers for anyone that reads this in the future. 

I have had a horrible experience with Maverick Investor Group. Phil Alexander, the main guy, does not hold the local providers accountable. For example, I have repeatedly informed him of my very negative experience with ABC Capital Investments (still going on almost one year with no payments to show for it) and yet he continues to promote ABC Capital Investments in Baltimore and Philadelphia despite fully knowing that many people continue to have very bad experiences with them. Maverick simply gets a referral commission and has no long-term ties with you or the local provider. 

I have also purchased using Real Wealth Network, and they do a much better job of vetting the local markets and providers and will stop recommending any providers or vendors if investors are giving poor feedback. 

Hope that helps.