
24 March 2024 | 19 replies
Hey mate,Sorry to hear about your troubles but it's not too uncommon.I've been in the turnkey biz for 10+ years now and have often been called the "bad guy" as we only sell to investors looking to purchase with cash.Many believe that because we only accept cash buyers, that we inflate the properties price which definitely isn't accurate.Quite on the contrary when looking back I feel that we under sold them lolWe can justify every one of our property prices with a CMA independent of our in-house sales.Whoever believes that financing a turnkey property makes it safe is wrong.Most turnkey providers or affiliates push the financing model (Even in today's high interest environment) to make more sales.They have "in-house" lenders or community banks that they establish relationships with and promise large volumes in loans.This in return get's rewarded with various favors and many are easily able to manipulate appraisals.Having flipped over a thousand properties, I know how easily an appraisal can be manipulated so for anything reading, "NO", financing a turnkey property doesn't necessarily make you purchase it for fair market value.To answer your question:When S#%@ hit's the fan like it did for you with this deal, I personally would always look to cut my losses and move on smarter and more experienced.Granted, over the years I have witnessed many investors buy 1-2 properties from my company and expect miracles only to get disappointed.

25 January 2024 | 70 replies
So I sold out.. the drama with those folks .. the risks of working in those areas just did not equal risk reward for me personally.

2 January 2024 | 12 replies
Make sure the risk is worth the reward for you personally (it wouldn’t be for me) and that you’re not being fraudulent with any of the parties involved.

4 January 2024 | 24 replies
Of course higher risk = higher reward (or higher loss).Whatever you invest in make sure to understand your investment and do your due diligence.

20 February 2023 | 40 replies
The same companies that can track your activities and give you corporate rewards for compliant behavior could utilize their powers to block transactions, add surcharges or restrict your use of products.

12 October 2021 | 108 replies
But, I have found, that with the right properties, RE is an investment which can readily reward you proportionally to your work, today.

14 August 2022 | 120 replies
If you were required to share the profits of RE on leveraged money, it would be a much tougher, longer slog with less risk but far less reward.

24 October 2023 | 17 replies
Flipping- high risk, high reward, active income, tax liabilities.

22 December 2021 | 34 replies
The sandwich – like other “junk food” – will also trigger the release of brain chemicals such as dopamine, which activate the brain’s reward system and provide a feeling of pleasure.

17 January 2024 | 4 replies
Very little potential reward for a lot of risk.