Pros The concept of the turnkey is awesome.

My husband and I own 3 rental houses and I'm looking to expand into flipping and wholesaling.I know the concept of these types of investing, I'm just looking for recommendations on where to start first and finance options:Wholesaling: recommendations on taking the first step or two?

You might try to use an open house concept, an afternoon where you can line up buyers.The reason you don't want the buyer there is not because they will cut you out but because they talk too much, they get in the way, they join in trying to sell the place and they often screw things up.

Neither of those things happened, though, and I moved away from the concept of real estate altogether until three years ago.

I understand the concept of building a buyers list and placing a house under contract, to in turn, sell to those on my buyers list.

I understand the concept of building a buyers list and placing a house under contract, to in turn, sell to those on my buyers list.

@Ben Kahle Good question and BIG topic.I have sold with wrap-around mortgages in South Carolina (same concept as AITD) several times.For me it had huge benefits, because I kept my underlying financing (from a seller typically) in place instead of paying off great terms at 5%, 4%, or even 0%.The play for me was a big income spread, often $3-500/month on $100,000 deals and recouping some of my equity with the buyer's down payment.I was making money on a margin, just like a bank does.

The simpler the design the cheaper the build.

I've got a start up restaurant concept in East TX that would probably thrive in your area.

Turnkeys are a newer concept and with the massive opportunity they had starting with the crash, a lot of bad turnkey business models popped up and there were definitely some long-distance, a lot of internationals, getting snowed.