All Forum Posts by: Michael Gilmore

I am interested in knowing if anyone has purchased a turnkey property from this group in Memphis. Appears as though they are doing everything right but would like to know if anyone here in Bigger Pockets has had their boots on the ground there (or currently do) and what you thought about this group.
Thank you

Hello all - amazing group of people here - thank you for this board - I have learned so much already.
Now on to the meat of my question. I have been wanting to invest in turnkey properties as a passive investment (mainly for portfolio building for the future retirement building - and the funds that the property (s) would generate would go to fund future purchases) because I have no time to do any rehab or maintenance and I was turned onto the turnkey idea and it really peaked my interest. It makes sense in that the property has already been rehabbed - the property has a paying tenant and the property is being maintained by a property manager. I know this would cut into the margin of value but since I didn't have to do any of the rehab and I know the seller (usually the property manager) needs to make something on the deal I might be willing to do it that way. Does anyone have any knowledge in this area that they might be able to help out in? I live in Charlotte NC and have found (what appears) a great opportunity in the Memphis area. Again I am not looking to flip or anything like that I just am interested in picking up 1 or 2 homes to start but would love to know what this board thought.
Thank you