Turnkey Company in Arizona recommendations

[Cynthia Andersen]

I am trying to find a reputable turnkey company within Arizona.  Can you please provide recommendations please?  

Yes, I understand the pros and cons of turnkey companies.  I tend to get a lot of mixed reactions when I say I'm going to use a turnkey company.

Thank you! :)

[Matt Shields]

Originally posted by @Cynthia Andersen:

@Bob Okenwa-  thank you!!

Good point @Matt Shields- I wanted a company to buy, rehab, get rent ready and mange for me. I am new and think this might be a good way to get started. I thought it might be a better way to learn the process if I was local. 

Thank you @Ali Boone- turn key due to all the pros involved. I don’t have experience or a team in place yet and don’t want to push off getting started. 

Thank you @Account Closed!

Be careful out there! While there are good turn-key companies, this industry is fraught with fraudsters. Investment Property Experts (IPX) is a well known turn-key company in Arizona. They advertise a lot and even had a radio show. I used to listen to the show, it was really good and made me want to invest with them. I thought maybe I was doing it the hard way when easier profits were to be made. 

Unfortunately, I found that the owner had lost his mortgage and real estate license in Minnesota for equity stripping, breach of fiduciary duty, incompetence, fraud, lack of disclosures to consumers, and violation of an order to produce records, other forms of misconduct, and is permanently barred from mortgage origination or servicing. 

Recently, the Arizona Corporation Commission served IPX with a  cease and desist order and it appears that investors money is at risk.

If you need help, just let me know. Not all rental property needs rehab, and there are property managers if you don't want to manage the property. I would also suggest that you read some books on rental property investment and management, but you don't need to pay thousands to a guru. Good luck!