Yes wholesale deals are typically off on reno & ARV. if it helps expand that’s a bonus, putting other peoples money to work while you grow your 50 doors congrats on that!

That's a method of borrowing money to borrow money, which is how people over-leverage and get themselves into trouble.You were fortunate enough to jump into the market when everything worked in your favor.

It is very overwhelming to get into the real estate business with so many people already in the game. 

Network, network, network and tell people in your personal network what you're looking to do.

I rarely see people talking about IRR at that size.

The housing market is pretty crazy here with a ton of people moving here from out of state.

Gene unlike most people who try to do what he does, does what he does.

Franchising played a huge role and many people became proud owners of McDonalds. 

I’m very passionate about real estate and I cannot wait to quit my W2 and do this full timeLooking for some like minded people who have been in the game longer than me, not just keyboard warriors.

G'Day Bob,Not many "true" turnkey companies around anymore and I've seen a trend where investors want to DIY out of state and country.Personally, I think this is an even bigger recipe for disaster than buying turnkey.bBut that's just my opinion.Back in the day you had many "turnkey" companies selling crappy properties in crappy areas for a lot more than market value.Then they pass you on to a 3rd party PM that nickel and dimes you to death.Granted, if you want to DIY I would always advise moving to the market that you want to invest in.Spending enough time with key people needed to make your venture a success.Yep, easier said than done 🤷‍♂️If you DIY from out of state, you will probably find an "investor friendly" agent that will flog you expensive property from the MLS, refer a "good" contractor and then you will most likely also get nickel and dimed by a referred "trustworthy" PM.IMO, you are safer finding a reputable turnkey provider in a market that you want to invest in and go from there.If $#%@ hit's the fan (Which it always does in real estate), at least you have everyone to blame under the same roof.A true turnkey provider will have everything an out of state investor would/want and need under the same roof.No finger pointing is allowed lolI'm bias as we offer turnkey so take my words with a grain of salt.Just happy to offer my 0.2 Aussie cents.Wishing you much success