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Ricky De Castro
  • Lender
  • Toronto, ON
0
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turnkeyrealestateinvestments.ca

Ricky De Castro
  • Lender
  • Toronto, ON
Posted

Hi All, 

My wife and I are planning to invest in the US by buying a property with this company: Turnkey Real Estate Investments. The owners for this company are Lior Cohen & Arnold Porter. I've googled their names and also the company with the word scam just to make sure but nothing comes up. I've also tried BBB and it's the same thing. Is there any other way to make sure that this company is legit? I would appreciate if there is anyone there who can give us some pointers before we do this investment. 

Thanks, 

Ricky

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Chris Clothier
  • Rental Property Investor
  • memphis, TN
3,483
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Chris Clothier
  • Rental Property Investor
  • memphis, TN
Replied

Welcome to BIggerPockets @Ricky De Castro!  What you have found in BP is a great resource and you are starting off well.. Good job posting questions like this one.  If you have any questions about navigating the site or how to get things done on BP be sure to post them.  Tons of really good people on here to help.

As for your question, start by asking to speak to some of their clients.  Whomever they share with you, will most likely give some really nice reviews and everything they say may be true.  A couple of hints on what to ask:

How long have they been investing with the company?

How many properties do they own?

Who does the management?  Are they a third party hired by the TK company to provide service?  (that can raise anxiety for you later on)

What happens when there are issues?  Does the TK company stay involved and try to help?

Those are just a few basic questions that have nothing to do with returns or numbers and everything to do with how you are going to be treated.

One more tip - if the customers they give you all give really good testimonials, call the company back and ask for a customer who has had issues.  Someone who may not have had the perfect experience.  Tell them you want to hear how they handle problems for their clients.

If they cannot locate someone who has not had a perfect experience, then I would suggest you keep looking for another company.  

Best of luck to you Ricky as you get started and again, welcome to BP!

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