299: Turnkey Behind-The-Scenes, Predictable Cash Flow via Private Lending
06/29/20 • 41 min
Turnkey RE providers must acquire distressed property at a discount in order to stay in business.
We go behind-the-scenes and see how these companies really operate.
They take risks, maintain relationships with myriad parties, coordinate contractors, bear holding costs, buy & store materials, screen & place tenants, and operate a management division.
It’s a ton of work that investors can outsource to turnkey providers. They are professional fix & flippers.
The “consumer-profit chain” helps you understand this.
Dani Lynn Robison of Freedom Real Estate Group near Dayton, Ohio offers private lenders like you 8-10% cash-on-cash returns at www.GetRichEducation.com/Lending
The funds are used to purchase and rehabilitate distressed property. They’re transformed into turnkey property.
Your loan collateral is tied to a specific address. A note and mortgage is produced. You have first lien position.
This provider has performed 300+ fix-and-flips since 2015.
Get the report and connect with the provider for predictable 8-10% cash returns for four to twelve month terms at: www.GetRichEducation.com/Lending
Minimum investment amount is $50K. You DON’T need to be an accredited investor.
Resources mentioned:
Private Lending with 8-10% cash return:
www.GetRichEducation.com/Lending
Mortgage Loans:
QRPs: text “QRP” in ALL CAPS to 72000 or:
By texting “QRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel.
New Construction Turnkey Property:
Best Financial Education:
Follow us on Instagram:
Keith’s personal Instagram:
Turnkey RE providers must acquire distressed property at a discount in order to stay in business.
We go behind-the-scenes and see how these companies really operate.
They take risks, maintain relationships with myriad parties, coordinate contractors, bear holding costs, buy & store materials, screen & place tenants, and operate a management division.
It’s a ton of work that investors can outsource to turnkey providers. They are professional fix & flippers.
The “consumer-profit chain” helps you understand this.
Dani Lynn Robison of Freedom Real Estate Group near Dayton, Ohio offers private lenders like you 8-10% cash-on-cash returns at www.GetRichEducation.com/Lending
The funds are used to purchase and rehabilitate distressed property. They’re transformed into turnkey property.
Your loan collateral is tied to a specific address. A note and mortgage is produced. You have first lien position.
This provider has performed 300+ fix-and-flips since 2015.
Get the report and connect with the provider for predictable 8-10% cash returns for four to twelve month terms at: www.GetRichEducation.com/Lending
Minimum investment amount is $50K. You DON’T need to be an accredited investor.
Resources mentioned:
Private Lending with 8-10% cash return:
www.GetRichEducation.com/Lending
Mortgage Loans:
QRPs: text “QRP” in ALL CAPS to 72000 or:
By texting “QRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel.
New Construction Turnkey Property:
Best Financial Education:
Follow us on Instagram:
Keith’s personal Instagram:
Previous Episode
298: Financially-Free At Age 24, Hayden Crabtree
Learn how to “get rich for sure” versus “get rich quick”.
You must diverge from the herd to get more out of life.
Today’s guest, 24-year-old Hayden Crabtree, found that he owned more property than his college real estate professor.
After college, he worked to learn rather than earn. He worked for free for over a year! That’s how he attracted a real estate mentor - by providing immediate free value, not “taking”.
Hayden also values relationships, and structuring “win-win” deals.
He authored the new book, “Skip The Flip”.
House flipping is not real estate investing.
Hayden, based in Athens, GA, focuses on self-storage units.
Some family and friends will critique you for being different. Few understand financial freedom.
He uses debt (leverage) to create wealth.
Hayden is giving away his e-book free at: HaydenCrabtree.com/freebook
Resources mentioned:
Hayden’s book is free:
Mortgage Loans:
QRPs: text “QRP” in ALL CAPS to 72000 or:
By texting “QRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel.
New Construction Turnkey Property:
Best Financial Education:
Follow us on Instagram:
Keith’s personal Instagram:
Next Episode
300: Today’s Hottest Rental Type, Why Money Is A Taboo Topic
Homes with many small bedrooms are hotly desired today.
Why? In an economic rough patch, people need roommates. Secondly, home offices are more popular than ever.
Residents increasingly want yards today too. Gardening is popular as a hedge against disruptions in the food supply chain.
This all makes single-family homes more popular than apartments.
*The entire episode transcript is below.*
The debt-to-income ratio requirement is positioned to be removed from qualified mortgages.
Three listener questions are answered:
1) What about CapEx expenses?
2) What about all these property notices I get in the mail?
3) What happened to the coffee and cacao providers?
I give you four reasons about why money is a taboo topic.
Learn the least likely money topic that people are willing to discuss.
The most I ever made at my day job was $108,000.
People must stop equating net worth with self-worth.
Resources mentioned:
April Home Prices Grew 5.5%:
https://www.housingwire.com/articles/u-s-home-prices-grew-5-5-in-april-despite-pandemic/
Why Money Is A Taboo Topic - Ally Bank survey:
The Atlantic:
Why Americans Don’t Talk About Money
Mortgage Loans:
QRPs: text “QRP” in ALL CAPS to 72000 or:
By texting “QRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel.
New Construction Turnkey Property:
Best Financial Education:
Top Properties & Providers:
Follow us on Instagram:
Keith’s personal Instagram:
Welcome to Get Rich Education. I’m your host, Keith Weinhold.
Talking about today’s hottest rental type, then my favorite guest is here on milestone Episode 300 - because that guest is you - as I help with your listener questions about your rental property operations, then “Why Money Is A Taboo Topic” (why DO people hide their salary?), and finally a little Episode 300 bonus. All today, on Get Rich Education.
_____________________
Hey, you’re inside GRE. From Phoenix, AZ to Phoenixville, PA and across 188 nations worldwide. I’m Keith Weinhold.
This IS that show that’s created more financial freedom than nearly any show in the world.
You’re listening to milestone Episode 300 of Get Rich Education. More on that later.
The hottest INCOME PROPERTY housing type today could very well be single-family rental (SFR) homes that have many small bedrooms.
Four bedrooms is often better than three. Three is better than two.
Yeah, today, a high number of small bedrooms is being favored over fewer large bedrooms.
For one thing, this is because as the economy is in a rough patch, more people seek roommates to share housing costs.
Also, with more people working from home now, they want the extra bedroom for quiet office privacy.
You probably already understand that more residents prefer SFRs over apartments to avoid common areas like laundry rooms and hallways and even elevators.
Another reason boosting SFR demand today is something that you might be overlooking when it comes to rental property ... because often, you’re thinking about things INSIDE the property like amenities, and square footage, and layout.
But another reason renters increasingly want single-family rentals are yards. Now sometimes, duplexes might have a fenced yard for each side too, of course.
But ... why are yards more desired today?
Well, there are a few reasons. In the pandemic, people have discovered gardening like the hunter-gatherers did.
Yeah, gardening as a hedge against these disruptions in the food supply chain.
In fact, Burpee Seed Company recently had the highest sales in its 144-year history.
People are gardening. ...
If you like this episode you’ll love
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