Where can a BP member ask about TurnKey providers?

9 Replies

I have had posts deleted 3 times over the last 2 hours without any explanation of how to fix the issue at hand. BiggerPockets is where I first learned of "Turn Key" type investing. Are we no longer allowed to ask about Turn Key providers here on BP? If we are, which is the correct forum? I most certainly would like to continue my relationship and growth with BP. Thanks in advance and happy investing everyone!

Originally posted by @Nick Johnson :

I have had posts deleted 3 times over the last 2 hours without any explanation of how to fix the issue at hand. BiggerPockets is where I first learned of "Turn Key" type investing. Are we no longer allowed to ask about Turn Key providers here on BP? If we are, which is the correct forum? I most certainly would like to continue my relationship and growth with BP. Thanks in advance and happy investing everyone!

Nick,

You should be able to ask about any particular company right here on BP.  You can also search for names of particular companies and read previous threads here on BP.  After doing that, you can send a PM to a poster who has advice on companies - good or bad - and politely ask if they can share details.  There shouldn’t be an issue with that.  Best of luck to  you

Specifically, I am not looking to initiate any transaction. I am simply looking for the name/names of any TurnKey company/companies that operate in both Florida and Tennessee. If such a TurnKey provider exists.
Originally posted by @Nick Johnson :
Specifically, I am not looking to initiate any transaction. I am simply looking for the name/names of any TurnKey company/companies that operate in both Florida and Tennessee. If such a TurnKey provider exists.

 My families’ company is the only provider I I know of that is licensed in both states.  JWB (Jacksonville Wealth Builders) is a quality company in Florida and to be direct, there are several providers in the Memphis area that vary in price point and area concentration.  But as of right now, we have not operated as a seller in the FL market although that is on our white board as we grow.  Like I said, we are already licensed to manage property there, but not up and running just yet.

That wasn’t super helpful, but if you want some names of companies to start doing some due diligence on, let me know.

I am looking to 1031 out of California in about 36-48 months (due to some very specific savings platforms that I am using). Ideally I would like to flip into 8-14 properties all with a similar closing date per 1031 rules. I'd like to go about 50-50% in each state (TN and FL) at this point. Between now and then, I'd like to watch a few TurnKey providers that work in both states to watch their progress, business practices, client success, etc. I'd like to end up buying from one company that services both states. That's the main drive for my question. Long term due diligence on one company that I hope would be able to earn my future business in both states. Not short term for sure.

Most of the Turnkey providers I am aware of focus on one or two areas normally within the three state. There are a handful that operate in many states but that is the exception. There are several Turnkey "Marketers" that serve as kind of a safe landing zone and have established relationships with the actual providers in many states so that may be the best place for you to look and talk to their staff as they are normally versed in all of the markets that they serve. Examples: Norada @Marco Santarelli , Realwealthnetwork @Kathy Fettke , Hipster Investments @Ali Boone

Hey Nick,

There's a great company I really like in the Kansas City and Dallas markets that will help you find and buy great properties then master lease them back from you. They are using a rent by the room model so they pay you market rent then they rent the rooms out individually. There are no property management fees and no headaches for you as the owner because they handle all the dealings with the tenants. Also they sign 3 year leases. It's a pretty great system. Might work well for you. Good luck!

https://livehomeroom.com/coliving-investing