All Forum Posts by: Rick Luebbert

Hi Ben, I have helped hundreds of investors build passive real estate portfolios over the past decade. I encourage you to visit the teams you are interested in potentially working with. Interview the team rehabbing and managing the home on your behalf. You are building a long-term relationship. You must find a team with a long track record of experience that you can hold accountable.

Hi Matt, I would start with long-term TK in Dallas/Ft Worth. The market's robust economic and employment growth, significant population expansion, and the area's relative housing affordability make it one of the best real estate investment markets in the country. Texas is very landlord-friendly and also does not have income taxes. 

Hi Andrae, the simplest and most risk-averse way to get started investing outside of your local area would be to contact TurnKey providers in the markets you are most interested. I encourage you to interview property managers to determine what their approach looks like when managing properties for an investor who does not reside in the market where the property is located. I would always lean towards markets that are landlord-friendly. 

I would focus specifically on markets that are landlord-friendly. Memphis, Little Rock, OKC, Tulsa, Dallas/Ft Worth, and Houston are all very landlord-friendly markets that offer great opportunities in the 200-250k price range. 

Not specifically referring to RTR however this is the type of experience I have heard countless times over the years from investors. This is why I would ALWAYS recommend visiting to meet the team face to face you are buying from and also the team who will be managing your property for you. Find out what their actual infrastructure is in person and how they are set up to serve you as an investor and also the residents occupying the properties they manage. 

We appreciate your visit and kind words, Bruce! We are excited to begin working with you!

Hi Margaret, 

I would recommend researching a property manager that can service a couple of the markets you are looking to invest in. This will allow you to utilize the same property manager once you are ready to diversify into your 2nd property located in another market. This will be much easier than using multiple property managers in different areas. If you are looking for a recommendation please let me know. 

Quote from @Travis Elliott:

What is a TK company?

You are right, time is important. But I have a lot of time so having something to do isn't a bad thing. I have never done Air bnb and u agree a daily chore like that could be a bit if a pain bit I am willing to try it on one unit just to get my feet wet.

A Turn Key company will find, rehab and manage the investment property for you. This eliminates your risk exposure when finding vendors to complete rehabs within budget and handles the time consuming aspect of property management. I have helped hundreds of investors invest passively into thousands of single family homes over the past decade. Feel free to message me if you would like to chat. 

Hi Travis, I always recommend the passive approach to investing unless you truly want to be hands on. The short term rentals such as air bnb can be time consuming having different renters each week or day. I would look to find a reputable TK company that is a one stop shop in regards to offering multiple diverse markets to invest in and manage the properties for you. This gives you the one thing that is truly priceless - your time. Good luck! You have a lot of options and they sound exciting!

Hi Michael,

Thank you for sharing your background to provide context into your current investment strategy and goals. The biggest takeaway from your post for me was "TIME" that we will never get back once it is spent. Once you start having a family of your own I recommend focusing on more passive investment strategies that give your time back to you to spend more time with them. In the later years of our lives we will all certainly have regrets about decisions we have made however spending time with our loved ones will never be one of them.. 

Good luck!