Turnkey rental properties have become a fan favorite for rookie real estate investors and investors who don't have enough time to manage their rehabs and rental properties. Turnkey real estate is marketed as a way for real estate investors to buy a rehabbed property, often with tenants and management in place, leaving them with just rent checks to collect. One company, Rent To Retirement, has become one of the most popular places to find turnkey investment properties—and for a good reason.
Behind the helm is Zach Lemaster, former optometrist, and current real estate investor. After going through eight years of school, Zach was left with six figures in student loan debt and a job that required him to be on-site for the majority of his waking hours. Like most new real estate investors, Zach had hit a breaking point and realized he needed something else that could provide him income, without the time commitment.
After shelling out a large sum on a wholesaling course, Zach began using his assignment fee profits and salary from his job to buy rental properties. Every year he would buy more and more rentals, allowing him to finally scale into what he calls “turnkey commercial” (triple net) properties that give him sizable rent checks without any of the management headaches. Zach has a real estate investing path worth repeating, and he explains how he did all of it in this episode.
In This Episode We Cover:
How to use wholesaling to make extra cash to invest in real estate
The dos and don’ts of long-distance real estate investing (don’t make Zach’s mistake)
When to reinvest rental property profits so you can retire even sooner
The biggest challenges you’ll face when building a real estate portfolio
Turnkey rentals and why they’re a great option for busy investors
The importance of a great property manager and how a bad one can ruin your deals
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Get Your Ticket for BPCon 2022
David’s YouTube Channel
Ask David Your Real Estate Investing Question
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Subscribe to The “On The Market” YouTube Channel
David’s BiggerPockets Profile
David's Instagram
Dave's BiggerPockets Profile
Dave's Instagram
Mastering Turnkey Real Estate—How to Build a Passive Portfolio
6 Pros & Cons of Investing in Turnkey Properties
The Perfect Blueprint for Scaling Quickly in Real Estate
Subscribe to The Rent to Retirement YouTube Channel
Rent to Retirement
Books Mentioned in the Show
The Millionaire Real Estate Agent by Gary Keller
The E-Myth by Michael Gerber
Connect with Zach:
Zach's BiggerPockets Profile
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-626
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
Learn more about your ad choices. Visit megaphone.fm/adchoices
