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Get Rich Education

492 EpisodesProduced by Real Estate Investing with Keith WeinholdWebsite

This show has created more financial freedom for busy people like you than nearly any show in the world.Wealthy people's money either starts out or ends up in real estate. But you can't lose your time. Without being a landlord or flipper, you learn about strategic passive real estate investing to cr… read more


217: Passive Real Estate Investing - Pros & Cons

#217: Turnkey RE mistakes to avoid are discussed.

Turnkey means “all-done-for-you”. You’re buying property already rehabbed, tenanted, and under management.

You’ve outsourced work and sweat equity.

Turnkey pros: less time, less rehab risk, instant income, built-in management.

Turnkey cons: less rehab control, no sweat equity.

Just because a company is called “turnkey” does not make them a good operator.

I tell you how to reduce property repair costs.

Today’s guests, Terry Kerr and Liz Nowlin of Memphis, TN’s Mid South Home Buyers, are exemplary turnkey providers.


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1) Grab my FREE E-book and Newsletter at:

2) Actionable turnkey real estate investing opportunity:

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Listen to this week’s show and learn:

03:34 Turnkey does not mean “completely uninvolved”.

04:12 Control.

07:22 Unethical operator tactics.

09:02 Inspections.

09:43 Management.

13:05 How to reduce repair costs - insurance claim, warranty.

14:56 Pros of turnkey.

19:49 Why Memphis?

24:14 Rent amount, occupancy rate.

26:53 Integrated business.

29:37 Extent of rehabilitation, management.

33:15 Guarantees.

37:12 Rent $750, purchase price $70,000.

Resources mentioned:

Field verification:

Mortgage Loans:

Cash Flow Banking:

Turnkey RE:


Find Properties:

GRE Book:

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