Too Good To Be True?

[Evan Kilbourne]

Hi All,

I have been browsing around and inquiring about some properties offered by turnkey providers. While the people spearheading the turnkey provider companies seem to have good reviews (through BP at least), there are a couple of things that concern me.

Basically, I have heard from at least one provider that they are essentially "guaranteeing" some equity within the properties upon purchase. It has been advertised from 10-20% equity immediately upon purchase of the property. This seems inconsistent with other peoples' sentiments here that turnkey properties are generally offered at or even slightly above market

I will not name names, but the ones I have been speaking with are not big-name turnkey providers. In fact, it seems as though they have more of a network of people they can refer to for PM work, insurance, lenders, etc. but focus mostly on the acquisition and rehab of the properties themselves.

Is it too good to be true?