Our guest today is Gregg Cohen, a turnkey specialist and the co-founder of JWB Real Estate Capital. In this episode, we dig deep into turnkey investing and how this concept works. If you want to know if turnkey investing is the right choice for you, what are the costs, and how you can start your own, then this episode is for you! Learn more about Gregg and his journey at reiclarity.com!
“Our clients actually own the asset. So it's not like they just invest with us.”
Gregg’s turnkey investing company is designed to make rental property investing easier. According to him, there is a big segment of the population who would like to invest in real estate, but they find it too hard, time-consuming or they live in an area where the market is not good for their goals.
Gregg’s company helps these individuals by owning and selling the house to the client with a tenant in place so they have positive cash flow from day one. His company does all the property management for that client as well.
“There is a really big difference between doing this business and doing this business well.”
Gregg’s advice on the key factors to start a successful turnkey company:
According to Gregg, there are some scenarios when turnkey investing is not the right choice. For example:
According to Gregg, if the turnkey rental property company operates in an efficient manner, they should be able to acquire properties at a discount to market value for you. However, there are costs to consider when you are thinking about working with a turnkey rental company:
Mentioned in the show:
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