Question on turn-key investment company

[Matthew Aubert]

If post if against policy please delete. But has anyone here ever heard about Memphis invest? It's a turn-key investing company that assists investors (especially out of state or country) with searching, purchasing, closing and managing properties. I just don't want to get into something or pay for something that's a waste of my time and money. 

Thanks in advance. 

Matt,

[Chris Clothier]

Originally posted by @Matthew Aubert:

If post if against policy please delete. But has anyone here ever heard about Memphis invest? It's a turn-key investing company that assists investors (especially out of state or country) with searching, purchasing, closing and managing properties. I just don't want to get into something or pay for something that's a waste of my time and money. 

Thanks in advance. 

Matt,

Good Morning Matt, I hate jumping in on threads like this, but I probably dislike bad or misinformation worse!  For disclosure, I am one of the partners and owners of the company you are asking about.

Here is a thread on BP https://www.biggerpockets.com/...with close to 50 responses from an interested investor like yourself asking about my families' company.  You can also search the forum threads for the Keyword Memphis Invest to pull up a few more threads.  I suggest that you reach out directly to investors who have posted their experiences and ask them for updated, direct feedback.

When I was in Los Angeles last meeting with some of our investors in that area, a common story from them was about receiving private messages from investors on BP about their experiences.  I would suggest that you find investors in the forums who have posted in the past and private message them.  Unfortunately, they all say the same thing about posting here on BP.  They end up getting bombarded with solicitations.  You've already had some on here although they were pretty subtle.  Some will be way more blunt.

I know Lauren McNary has reached out to connect with you in response to your registration and I would encourage you to do that.  She can help answer your questions about Turnkey real estate in general and any specific process questions you have.  

My advice is to be patient and learn as much as you can on how a company or companies work.  There are many ways you can invest passively and you may find purchasing with a Turnkey provider to be the best fit for you. You may also find that it is not.  You can absolutely lose money and time as you were concerned about. But, that is the same with any investment.  If you are patient and take your time, you can find success with Turnkey real estate as many investors before you have done.

Best of luck to you!

and...just as an FYI for anyone who posts that we don't do property management, we started managing in 2005 and currently manage just under 6,000 properties in seven cities for roughly 2,300 investors and all of those properties were purchased through a turnkey process.