All
Members
Companies
Blog
Forums
Podcast
Webinars
    User Log in  /  Sign up
  • Forums
    Newest Posts Trending Discussions Followed Forums Real Estate News & Current Events General Landlording & Rental Properties Buying & Selling Real Estate Deal Analysis See All
  • Education

    Read

    BiggerPockets Blog BPInsights: Expert Analysis Guides Glossary Reviews Member Blogs

    Watch

    Webinars Video Library Financial Independence Blueprint Intro to Real Estate: Rentals

    Listen

    BiggerPockets Real Estate Podcast BiggerPockets Money Podcast BiggerPockets Business Podcast Real Estate Rookie Podcast Daily Podcast (Audio Blog)

    Topics

    Business Operations Finance Finding Deals Property Management Property Types Strategy
  • Network

    Recommended Vendors

    Real Estate Agents Mortgage Lenders Hard Money Lenders Insurance Contractors Investment Companies Build Your Team

    Search

    Members Events Jobs
  • Tools

    Calculators

    Rental Property Fix and Flip BRRRR Rehab Estimator
    Wholesaling Mortgage Payment 70% Rule Airbnb

    Services

    BPInsights: Property Insights Tenant Screening Property Management Lease Agreement Packages

    New Feature

    BPInsights (beta)

    Quickly analyze a property address or ZIP Code to compare your rent in your neighborhood.

    Analyze a property
  • Find Deals
    Real Estate Listings Find Foreclosures External Link Ads, Jobs, and Other
  • Bookstore

    Real Estate Books

    Profit Like The Pros Bidding to Buy See all books

    Featured Book

    BiggerPockets Wealth Magazine book cover
    BiggerPockets Wealth Magazine

    Written by financial journalists and data scientists, get 60+ pages of newsworthy content, expert-driven advice, and data-backed research written in a clear way to help you navigate your tough investment decisions in an ever-changing financial climate! Subscribe today and get the Oct/Nov issue delivered to your door!

    Get the Magazine
  • Pricing
Log In Sign up
User
Quick search links
Podcast Hard Money Lenders Books
ForumsArrowGeneral Real Estate InvestingArrowExperience with Turn Key Providers
  • Newest Posts
    • Newest Posts
    • Unanswered Discussions
  • Trending
    • Top Discussions
    • Trending Discussions
  • Browse Forums
Search Nova
Create post

Experience with Turn Key Providers

16 Replies

  • Share on Facebook
  • Share on Twitter
  • Share on LinkedIn
Rotate Log in or sign up to reply
user profile avatar
  • Posts 18
  • Votes 7

David Powell
Investor from Meguro-ku, Tokyo

posted over 3 years ago

Does anyone have experience with Turn Key Providers?    Is there anyone you have had experience with?   These two names keep coming up in my research. 

Elite Invest

GC Realty and Development

 Any experience?  Anyone else you would recommend?

Thanks

Dave

Rotate Log in or sign up to reply
user profile avatar
  • Posts 18
  • Votes 7

David Powell
Investor from Meguro-ku, Tokyo

replied over 3 years ago

[Update] I found a bunch of recent not so flattering reviews of Elite Invest on Turnkey-Reivews.  I'll be skippng them. 

Rotate Log in or sign up to reply
user profile avatar
  • Posts 86
  • Votes 41

Steven Dreyer
from FPO, AP

replied over 3 years ago

Are you looking at national turnkey providers or a specific area?

Rotate Log in or sign up to reply
user profile avatar
  • Posts 18
  • Votes 7

David Powell
Investor from Meguro-ku, Tokyo

replied over 3 years ago

@Steven Dreyer I'm open. I'm new to this so not closing off any areas at this time.   Do you have any recommendations?

Rotate Log in or sign up to reply
user profile avatar
  • Posts 86
  • Votes 41

Steven Dreyer
from FPO, AP

replied over 3 years ago

A few are mentioned on the site such as Morris invest and smart land investing. I have been looking as well. In the search bar type in turnkey and a bunch of articles and forums pop up. You'll be able to weed out bad ones then. 

Rotate Log in or sign up to reply
user profile avatar
  • Posts 18
  • Votes 7

David Powell
Investor from Meguro-ku, Tokyo

replied over 3 years ago

Thanks @Steven Dreyer .   I spent a few hours looking at all of the different companies.  The most impressive I have been able to find is Memphis Invest which invests in Memphis, Dallas and Houston.   They seem very sharp. 

Rotate Log in or sign up to reply
user profile avatar
  • Posts 86
  • Votes 41

Steven Dreyer
from FPO, AP

replied over 3 years ago

@David Powell yeah I was looking at Memphis invest as well. I'm deciding to go with one from my home state. It all comes down to due diligence when checking these out. 

Rotate Log in or sign up to reply
user profile avatar
  • Posts 18
  • Votes 7

David Powell
Investor from Meguro-ku, Tokyo

replied over 3 years ago

Who did you decide to go with @Steven Dreyer ?   Was there anything that you found that made you not want to go with Memphis Invest?

Rotate Log in or sign up to reply
user profile avatar
Check Rosette Top Subjects:
Traditional Financing, Managing Tenants, and Flipping
  • Posts 7.7K
  • Votes 7.8K

Caleb Heimsoth
Rental Property Investor from Durham, NC

replied over 3 years ago

I just closed on a turnkey property. It's in Memphis, but wasn't with Memphis invest. Feel free to PM me if you want more specifics. Overall it was a pretty good experience

Rotate Log in or sign up to reply
user profile avatar
  • Posts 18
  • Votes 7

David Powell
Investor from Meguro-ku, Tokyo

replied over 3 years ago

Someone send me a link to this thread.  Worth a read if you are thinking about Turn Keys:

https://www.biggerpockets.com/forums/311/topics/227602-difficulty-selling-rental-properties-at-****-amount

Rotate Log in or sign up to reply
user profile avatar
  • Posts 86
  • Votes 41

Steven Dreyer
from FPO, AP

replied over 3 years ago

@David Powell I haven't yet decided on who to go with. I'm still doing a lot of research and analysis at this point. It seems as though @Caleb Heimsoth has some more insight into this. I'm semi curious as to how the experience went as well. 

Rotate Log in or sign up to reply
user profile avatar
  • Posts 2
  • Votes 2

Ezra Mash
Investor from Minneapolis, Minnesota

replied over 3 years ago

Home Invest has properties in the Midwest. And QC Props is another one ran by an all star investor.  I used to work with their companies a while back and have purchased several along with my family members in Milwaukee, WI and Davenport Iowa.   I suggest you do your own due diligence, but I can tell you that they are honest and I get really good returns off the properties I purchased through their companies.  If you are interested in more info I would be happy to pass on a name to you so you can get the skinny on what they are up to now since I am out of the selling of those properties loop. 

Rotate Log in or sign up to reply
user profile avatar
Check Rosette Top Subject:
Finding & Screening Tenants
  • Posts 179
  • Votes 110

Sebastien Hitier
Rental Property Investor from Hong Kong, Hong Kong Island

replied over 3 years ago

Worked with turnkey in GA, FL, TX, MO, NC... you can PM me for more info.

Rotate Log in or sign up to reply
user profile avatar
  • Posts 86
  • Votes 41

Steven Dreyer
from FPO, AP

replied over 3 years ago

Thank you @Ezra Mash and @Sebastien Hitier !

Rotate Log in or sign up to reply
user profile avatar
Check Rosette Top Subjects:
Rentals, Analyze Deals, and Traditional Financing
  • Posts 3.7K
  • Votes 2.1K

Lane Kawaoka
Rental Property Investor from Honolulu, HAWAII (HI)

replied over 3 years ago

Just don't buy rentals that rent for less than 800 a month because

1) can't leverage them with out paying a huge percentage of transaction costs
2) many lends won't give you a loan that small
3) if you aren't leveraging you are missing out on the reason we invest in real estate
4) I have found rents under 800 attract the seediest tenants
5) as much as I don't like investing for appreciation since I am more for cashflow these homes are in the worst part of town and never appreciate nor can they be sold to a retail buyer
6) if you are going to do a BRRRR strategy then you are using up the most value able resource with is time.

Rotate Log in or sign up to reply
user profile avatar
  • Posts 577
  • Votes 240

Account Closed

replied over 3 years ago

David.

Reach out to me and I can help you.

Thanks

Rotate Log in or sign up to reply
user profile avatar
  • Posts 6.4K
  • Votes 3.0K

Ali Boone
Business Owner & Investor from Venice Beach, CA

replied over 3 years ago

Hi David! I started buying turnkeys in 2011 and have worked with them ever since. There's a lot of really good ones who aren't named on here a lot. A lot of it will depend on what market you want to buy in, or if you're open for markets you can always decide that based on which provider you like best. 

Happy to share my favorites if you want to message me anytime.

Rotate Log in or sign up to reply
  • 1

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

Sign up below to download the eBook for FREE today!

Download the eBook Now

Lock We hate spam just as much as you

Related Resources General Real Estate Investing
Don’t Invest Without Understanding the Risks—Here’s What You Need to Know
Single Family vs. Multifamily Rentals: Which Investment Is Right for You?
Maximize Your Tax Returns This April With These Smart Maneuvers
How to Start Investing In Real Estate at a Young Age (or a “Young at Heart” Age)
Why It’s Almost Always a Bad Idea To Invest in Real Estate To Save Money on Taxes
Resources Read, see, and learn more!
Link Real Estate Investment Calculators
Link BiggerPockets Blog
Link Path to Purchase
Link Mortgage Loans
Link Find a Contractor
Link Real Estate Agents
Link Hard Money Lenders
Link Real Estate Listings

Top Contributors

Gervon Thompson
Gervon Thompson
Brooklyn, NY
9.46
Score
Greg Scott
Greg Scott
SE Michigan
5.32
Score
Joe Villeneuve
Joe Villeneuve
Plymouth, MI
3.98
Score
Melanie Stephens
Melanie Stephens
Tabernash, CO
1.88
Score
Tanvir Sattar
Tanvir Sattar
Cincinnati, OH
1.88
Score

General Real Estate Investing Trending Discussions

  • Need to know if I found a good Mobile home deal ??!!
    15 Replies
  • 1% rule in Austin TX
    16 Replies
  • Passive Apartment Investing Options
    9 Replies
  • Low cash flow OR selling in hot market
    11 Replies
  • Cash out Refi Nets Me $400k, how to put it to work?
    6 Replies
Log in Sign up

Log in

Forgot password?

If you signed up for BiggerPockets via Facebook, you can log in with just one click!

Log in with Facebook

Or
btn_google_dark_normal_ios Created with Sketch. Continue with Google

Let's get started

We just need a few details to get you set up and ready to go!

Use your real name

Use at least 8 characters. Using a phrase of random words (like: paper Dog team blue) is secure and easy to remember.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.

Or
btn_google_dark_normal_ios Created with Sketch. Continue with Google

Why create an account?

Receive a free digital download of The Ultimate Beginner's Guide to Real Estate Investing.

Connect with 1,000,000+ real estate investors!

Find local real estate meetups and events in your area.

Start analyzing real estate properties, we do the math for you.

It's free!

Explore

  • Membership
  • Community
  • Education
  • Marketplace
  • Tools
  • FilePlace
  • REI Resources
  • Perks
  • Glossary
  • Reviews
  • iOS App
  • Android App

Company

  • About Us
  • Press
  • Advertising
  • Careers
  • Stats
  • Contact Us

Important

  • Editorial Guidelines
  • Terms of Use
  • Rules
  • Privacy
  • FAQ

Social

  • Facebook
  • Twitter
  • YouTube
  • Instagram
© 2004-2021 BiggerPockets, LLC. All Rights Reserved.