Does anyone know a trust worthy turn key provider

Question

James Wise · Answer

I would agree with that for most all companies. However with Morris Invest what are the pros? I haven't seen any pros written about them. Everything I have ever read about them have been negative, really negative.

With any other turnkey or property management company you get your good reviews then your stereotypical semi negative reviews such as they cost to much, communication is slow, I wish they found a tenant faster etc....A lot of that kind of stuff is par for the course & it's usually a combination of the investor being new to the game & how the company operates. However with Morris Invest the negative reviews online are much different. They tend to be things like they sold me a house that was supposed to be rehabbed & it wasn't, they said they started a rehab & they didn't etc.....These are some serious red flags as i've never seen a large company have these types of reviews before.

Larry Fried · Answer

You couldn't really do worse than Morris Invest.  Just search for the threads here on BP.  In addition their model is not really what I would consider turnkey as they require a cash purchase that covers both the property and rehab.  Which apparently in many cases they apparently took the money and didn't do the rehab.

Although turnkey is used in many different ways, my definition of a turnkey provider is a company that provides a service that includes all the steps - acquisition, rehab, and tenant placement prior to the investor closing on the property.  It allows for the investor to conventionally finance,  have a third party inspection and appraisal before you have a dime in the project.

As an OOS investor, the first thing is to avoid buying in the very low price property class that Morris Invest deals in.

Account Closed · Answer

Are you looking to buy a Turnkey or wanting to learn how to find properties off market as a Turnkey? There are a couple of types of Turnkeys and you need to know what questions to ask. I did a comparison that might be helpful at this link

https://www.biggerpockets.com/forums/311/topics/62...

David Katz · Answer

The only "pros" I see online are those coming from the company itself and the "sponsored" reviews that the company vets and puts up online.  For most company, you will see a mix of good feedback and bad.  For this particular company, there are screaming red flags at every turn.

Mike D'Arrigo · Answer

You obviously haven't read the posts here on BP. There's a 20+ page thread and it certainly isn't mixed. There are several suits being filed against them. What market are you considering?

Jeff Schechter · Answer

@timothy wyer - what market and price point are you looking at?

James Wise · Answer

As far as reputations go Morris Invest has probably got one of the most tainted ones out there. Lots of controversial discussion on them around the web. I suggest doing a google search & combing through all of it before making a buying decision.

Tom Ott · Answer

Just search the forums or use Google. There are third parties that have reviews on most of the providers around the country. What markets are you looking into? Maybe start there. "Turnkeys in ______"

Does anyone know a trust worthy turn key provider

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