Book: The Turnkey Revolution

[James Martin]

https://www.amazon.com/Turnkey-Revolution-Passivel...

Disclaimer: I am a cursomer of Memphis Invest, though I don't get any special treatment for writing the below.

I recently read Turnkey Revolution and found it to be solid.  I thought that @Chris Clothier covered all the angles of doing responsible turnkey investing.  Obviously the book could be regarded with a jaded eye as an advertisement for Chris's company, but really, the way I read it was "this is the best way to do things, this is how we do things, if you want to work with other companies, you need to hold them to these best standards and practices."

The book doesn't break new ground for people that have been at this game for a while, so if you are already an established REI, you will find that some of it is stuff you already know. If you have not ever bought a property outside of your market but feel that such MAY be for you, then this is a pretty good read in my opinion.

There are plenty of times that Chris notes in the book that Turnkey REI is NOT for everyone and he lays out some occasions when Memphis Invest has told prospective investors NO. I think that is important too. If you are an active investor and like to get your hands dirty and negotiate the ends and outs of everything, then Turnkey isnt most likely for you (and I think that point is made effectively in the book).

For me, I will be keeping the book around as a reference for the next time I need to vet a new provider or a new market that is not local to me.  There are excellent guidelines for doing that.  Right now, I use MI for my turnkey out of state stuff, but if I wanted to go to a market where they are not present, Chris has provided a really good blueprint on what questions to ask and how to ask them to make sure that I can end up with the best partner in the process.  One such place that I might try this out soon is Birmingham.

Just one guys opinion.  Best of luck to all of you in your investing!

@Chris Clothier

[Chris Clothier]

@James Martin

Thank you for sharing the book and your thoughts after reading it!

At this point I have written over 1,000 real estate investing articles and who knows how many white papers and e-books, so it should be obvious that I like writing and story telling.  When McGraw-Hill bought the manuscript a little over a year ago, they tasked me with taking a 22,000 word manuscript and turning it into a 55,000 word book.  the best way I knew to do that was to pull from my own experiences from working with hundreds of investors and sharing the good and the bad.

This book is just that.  A collection of advice, steps to take for success and backed up with stories of investors who made good decisions and investors who made bad decisions.  I definitely give my thoughts and have strong opinions about what makes a good Turnkey investment and what does not.  There is a reason that Memphis Invest is considered the best of the best and there is a reason so many Turnkey companies have come to visit us to learn.  There is a right way and a wrong way to buy Turnkey property and it is really, really simple to make good buying decisions in almost any city if you follow the advice in this book.

I enjoyed writing it and am already working on two more books - one real estate related but not about Turnkey real estate and the other about ordinary people having extraordinary impact on their communities.  Hopefully they are as successful as this one!

If you happen to read the book, I'd love to hear from you.  Thanks again James.