Turnkey Property Investment Companies
Member since 2018 · 3 posts · 13 votes
Turnkey Property Investment Companies
Most Popular Reply
Chris ClothierBusiness Member
Rental Property Investor · memphis, TN · Member since 2009 · 2k+ posts · 3k+ votesQuote from @Kevin Keil:
I'm relatively new to BiggerPockets and I'm looking to invest in real estate through a turnkey property company. I live in the state of CA so I'm currently priced out of the market. Can anyone please recommend some reliable turnkey property companies that they have used or know of and found success with? I'm looking for cash flow properties.
Thank you in advance!
Kevin,
I've been in the space for the past two decades and have had the unique position of meeting and getting to know many of the companies in the space. I will say that the word Turnkey is used quite a bit and the meaning of the word has really been muddied over the years, especially recently.
If you are referring to a company that purchases, renovates, markets, rents, resale the home to a long-term investor and then operates a management company that will manage the property, then I can give you some examples of where to start looking and who to start investigating. I would Google these companies to find their online footprints and to read what is out there about each. You can also search them through BP and ask actual investors about their experiences. *As a side note, there is nothing wrong with sending an investor a private message asking for feedback. There can be a stigma about Turnkey and many investors simply don't post because they are not up for the responses telling them how they should be active instead of passive.
REI Nation - my families company and we operate in a dozen southern cities.
JWB - Great company in Jacksonville, FL. been around for a long time
Texas Turnkey
Ohio Cash Flow
Pinnacle Investments
Spartan Investments
Memphis Investment Properties
Memphis Cash Flow
I am sure there are other operators in Kansas City, Indianapolis, Ohio, but I don't know enough about their operations to mention them. I have met each of the above companies and masterminded with some. I believe each does in-house management and are at a level where they have good reputations and you should at a minimum be researching.
There are so many other companies that offer variations and in my opinion, that is where you get a lot of disconnect and missed expectations for investors.
My advice is to be patient. Ask questions and spend some time doing research on the companies and cities. There are differences between all of the companies, but you will hear very, very similar messaging. I am a big believer is length of time in business and size and scale. Yes, my company would be at the top of the list in both, but I know how hard it is to meet investors expectations. Most everyone tries to compete on spreadsheets. It is crazy what some spreadsheets show today for returns. Astronomically high and impossible to achieve. Lastly, this is a mostly passive investment. The best investors who find the most success are the ones who manage their investment companies. The ones who take the time to review performance and spend a little time managing the managers. Real can be a fairly passive investment, but should not be entirely passive in my opinion.
Good luck and let me know if you have any questions. Happy to give you whatever direction I can.
14 Replies
- Real Estate Professional · Atlanta GA · Member since 2015 · 615 posts · 225 votes2y
@Kevin Keil thats a tough one. even the ones that good a good period of time going tend to disappear over a period of time. and when they are gone, many times so if your deal. especially if all the services that are needed to operate your deals were connected to them...
buyer beware!
- 2yChris ClothierBusiness MemberRental Property Investor · memphis, TN · Member since 2009 · 2k+ posts · 3k+ votes
Quote from @Kevin Keil:
I'm relatively new to BiggerPockets and I'm looking to invest in real estate through a turnkey property company. I live in the state of CA so I'm currently priced out of the market. Can anyone please recommend some reliable turnkey property companies that they have used or know of and found success with? I'm looking for cash flow properties.
Thank you in advance!Kevin,
I've been in the space for the past two decades and have had the unique position of meeting and getting to know many of the companies in the space. I will say that the word Turnkey is used quite a bit and the meaning of the word has really been muddied over the years, especially recently.
If you are referring to a company that purchases, renovates, markets, rents, resale the home to a long-term investor and then operates a management company that will manage the property, then I can give you some examples of where to start looking and who to start investigating. I would Google these companies to find their online footprints and to read what is out there about each. You can also search them through BP and ask actual investors about their experiences. *As a side note, there is nothing wrong with sending an investor a private message asking for feedback. There can be a stigma about Turnkey and many investors simply don't post because they are not up for the responses telling them how they should be active instead of passive.
REI Nation - my families company and we operate in a dozen southern cities.
JWB - Great company in Jacksonville, FL. been around for a long time
Texas Turnkey
Ohio Cash Flow
Pinnacle Investments
Spartan Investments
Memphis Investment Properties
Memphis Cash Flow
I am sure there are other operators in Kansas City, Indianapolis, Ohio, but I don't know enough about their operations to mention them. I have met each of the above companies and masterminded with some. I believe each does in-house management and are at a level where they have good reputations and you should at a minimum be researching.There are so many other companies that offer variations and in my opinion, that is where you get a lot of disconnect and missed expectations for investors.
My advice is to be patient. Ask questions and spend some time doing research on the companies and cities. There are differences between all of the companies, but you will hear very, very similar messaging. I am a big believer is length of time in business and size and scale. Yes, my company would be at the top of the list in both, but I know how hard it is to meet investors expectations. Most everyone tries to compete on spreadsheets. It is crazy what some spreadsheets show today for returns. Astronomically high and impossible to achieve. Lastly, this is a mostly passive investment. The best investors who find the most success are the ones who manage their investment companies. The ones who take the time to review performance and spend a little time managing the managers. Real can be a fairly passive investment, but should not be entirely passive in my opinion.
Good luck and let me know if you have any questions. Happy to give you whatever direction I can.
- 2yRobert EllisBusiness MemberDeveloper · Miami, FL · Member since 2014 · 3k+ posts · 1k+ votes
Quote from @Kevin Keil:
I'm relatively new to BiggerPockets and I'm looking to invest in real estate through a turnkey property company. I live in the state of CA so I'm currently priced out of the market. Can anyone please recommend some reliable turnkey property companies that they have used or know of and found success with? I'm looking for cash flow properties.
Thank you in advance!Welcome to BP! I'd recommend checking out companies in Columbus, Ohio. It's a market known for turnkey opportunities with good cash flow potential. Make sure to do thorough due diligence and connect with local investors for recommendations.
Section 8 Launch52 Reviews - Member since 2018 · 3 posts · 13 votes2y
Thank you for responding and recommendations! Everyone on BP has been so helpful.
- 2yMarc RiceBusiness MemberReal Estate Agent · Columbus Cleveland Dayton, OH · Member since 2018 · 2k+ posts · 1k+ votes
Quote from @Kevin Keil:
I'm relatively new to BiggerPockets and I'm looking to invest in real estate through a turnkey property company. I live in the state of CA so I'm currently priced out of the market. Can anyone please recommend some reliable turnkey property companies that they have used or know of and found success with? I'm looking for cash flow properties.
Thank you in advance!Find a true "turnkey property seller" is not easy and many of them over inflate and poorly renovate and place bad tenants who just pay the most.
The safer route is to find an investor friendly realtor and target turnkey properties. Then find a great property manager in that area that can manage the property for you.
Ohio has some amazing markets to find these in.
Marc Rice | Investor Friendly Agent at Reafco Tailwind Team574 Reviews - Real Estate Consultant · Cleveland · Member since 2020 · 6k+ posts · 3k+ votes2y
Quote from @Kevin Keil:
I'm relatively new to BiggerPockets and I'm looking to invest in real estate through a turnkey property company. I live in the state of CA so I'm currently priced out of the market. Can anyone please recommend some reliable turnkey property companies that they have used or know of and found success with? I'm looking for cash flow properties.
Thank you in advance!I know several, I also am aware of whom some of them buy from, Happy to recommend.
- Real Estate Consultant · Tucson, AZ · Member since 2023 · 19 posts · 9 votes2y
Hi Kevin, I think we may be able to work together. Our firm purchases turnkey SFRs in markets and are in a position to take advantage of the current market landscape.
- Memphis, TN · Member since 2021 · 82 posts · 37 votes2y
@Kevin Keil Glad to hear that you've recently joined Bigger Pockets! They're are some great companies on here who provide some excellent turn-key opportunities. Please let me know if you have any questions.
- 2yNicholas L.Pro MemberFlipper/Rehabber · Pittsburgh · Member since 2018 · 6k+ posts · 5k+ votes
i'd challenge the notion that you have been priced out of the market. turnkey is tough right now as higher rates have compressed cash flow. although i'd love to see some examples from anyone of real live cash on cash return on a high quality property.
can you pick a market within driving distance to really get to know, roll your sleeves up, and put some work in? look into house hacking, seller finance, other strategies.
say you bought a turnkey property for 200K in some random midwest market. you put 25% down, plus closing costs, plus some light repairs and listing and turnover costs. you're all in for 60K. say it nets $150 a month after all expenses. OK, that's $1800 - a 3% cash on cash return while your 60K sits there. my bank has a savings account paying 5.5%...
- 2yEngelo RumoraBusiness MemberInvestor · Toledo, OH · Member since 2013 · 4k+ posts · 2k+ votes
Quote from @Chris Clothier:
Quote from @Kevin Keil:
I'm relatively new to BiggerPockets and I'm looking to invest in real estate through a turnkey property company. I live in the state of CA so I'm currently priced out of the market. Can anyone please recommend some reliable turnkey property companies that they have used or know of and found success with? I'm looking for cash flow properties.
Thank you in advance!Kevin,
I've been in the space for the past two decades and have had the unique position of meeting and getting to know many of the companies in the space. I will say that the word Turnkey is used quite a bit and the meaning of the word has really been muddied over the years, especially recently.
If you are referring to a company that purchases, renovates, markets, rents, resale the home to a long-term investor and then operates a management company that will manage the property, then I can give you some examples of where to start looking and who to start investigating. I would Google these companies to find their online footprints and to read what is out there about each. You can also search them through BP and ask actual investors about their experiences. *As a side note, there is nothing wrong with sending an investor a private message asking for feedback. There can be a stigma about Turnkey and many investors simply don't post because they are not up for the responses telling them how they should be active instead of passive.
REI Nation - my families company and we operate in a dozen southern cities.
JWB - Great company in Jacksonville, FL. been around for a long time
Texas Turnkey
Ohio Cash Flow
Pinnacle Investments
Spartan Investments
Memphis Investment Properties
Memphis Cash Flow
I am sure there are other operators in Kansas City, Indianapolis, Ohio, but I don't know enough about their operations to mention them. I have met each of the above companies and masterminded with some. I believe each does in-house management and are at a level where they have good reputations and you should at a minimum be researching.There are so many other companies that offer variations and in my opinion, that is where you get a lot of disconnect and missed expectations for investors.
My advice is to be patient. Ask questions and spend some time doing research on the companies and cities. There are differences between all of the companies, but you will hear very, very similar messaging. I am a big believer is length of time in business and size and scale. Yes, my company would be at the top of the list in both, but I know how hard it is to meet investors expectations. Most everyone tries to compete on spreadsheets. It is crazy what some spreadsheets show today for returns. Astronomically high and impossible to achieve. Lastly, this is a mostly passive investment. The best investors who find the most success are the ones who manage their investment companies. The ones who take the time to review performance and spend a little time managing the managers. Real can be a fairly passive investment, but should not be entirely passive in my opinion.
Good luck and let me know if you have any questions. Happy to give you whatever direction I can.
Hey mate,
I'm late to the party lol
It's an honor receiving a mention from the biggest and the best.
We have been looking up to REI Nation for 10+ years now so keep being the best and setting the example for the rest.
Hopefully we can catch up again in person sometime in the future 🙏👍
Cheers Chris
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