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Updated about 4 years ago on . Most recent reply
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Real Estate Guru for out of state investing
I am planning to do some out of state investment. I met a a "guru" who works with "turn key" properties, has a team of brokers, lenders, property managers, inspection people, etc. in the states we are interested in investing. He will provide 18 months of hand-holding to direct you through the property purchases. As we are new to property investing, would it be worth it to pay $3,500 to contract the "guru for 18 months of service?" All suggestions are welcome!
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Most people that sell turn key properties make their money selling them to you. Many have their own podcasts or newsletters to provide education. Seem strange that he would sell to you AND charge you for whatever education he is supposedly providing.
While $3,500 isn't that much for education, if the properties are in good shape with a good tenant in place, there isn't much to learn or do. Turnkey rentals aren't that hard. That is why they call them turnkey.