Real Estate Agent · Beverly Hills, CA · Member since 2015 · 16 posts · 5 votes
I was recommended to talk to Chris Clothier and Memphis Invest at a recent meet-up here in Los Angeles, when the subject of turnkey buying of rental properties out of state came up. I contacted them and am now having a call with one of their Investment Advisors tomorrow.
Does anyone here have any experience with them? Anyone holding property from them?
I have read a number of forums on them and the one negative thing that has come up a few times is that people seem to end up paying more for their turnkey properties. Anyone have any experience with this?
@David Malott Not being Nosy at all this what Bp is for. Im an open book.
I am cash flowing 195$ after 7% vacancy 5 % repair 5% cap Ex and 10% Property management. It was a great experience for me as my first investment. No complaints yet.
Its still only been 6 month though. I m currently searching for a non turnkey properties to see what kind of return I can find. If you have no experience in REI like I did TurnKey is a great way to get your first property and get an idea of the . I personal bought on the higher end price to attract better tenants. I paid 153k 5 br 3 ba.
Hi Bill, how great that you have continued to update this thread on your progress! So you still have that turnkey and it sounds like you have been happy with your experience with it and with Memphis Invest - correct?
Did you end up buying another property in the same area that is not a turnkey? If so how did that go?
Have you bought any other turnkey properties since your first one? If so did you use the same company?