Leah Collich, an Investment Counselor at Real Wealth, shares her expertise on turnkey rental properties. She breaks down what these properties are and emphasizes the importance of due diligence and inspections. Leah discusses market selection and reveals financing options, including conventional and creative loans. The conversation highlights the long-term advantages of this investment strategy, offering valuable insights for both new and seasoned investors looking to grow their portfolios without the hands-on hassle.
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volunteer_activism ADVICE
Rental Guarantee Verification
Verify rental guarantees against market rates to assess long-term viability.
Don't let short-term incentives overshadow potential future income discrepancies.
volunteer_activism ADVICE
Turnkey Definition
Understand the precise definition of "turnkey" before investing.
Ask providers for their specific criteria, ensuring it aligns with your expectations.
question_answer ANECDOTE
Misleading Turnkey
Kathy Fettke recounts visiting a "turnkey" property that was far from move-in ready.
The experience highlighted the importance of verifying turnkey claims.
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Purchasing a turnkey rental property can be a hassle-free, hands-off way to grow your wealth and expand your portfolio. In this episode of The Real Wealth Show, host Kathy Fettke sits down with Investment Counselor Leah Collich and new investor Krista Fettke to discuss how to successfully purchase turnkey rental properties. They’ll cover key topics including the steps to buy a turnkey property, associated costs, how to choose the right market, and why this investment strategy is an excellent way to grow your portfolio over time. As a new or seasoned investor, this is a great strategy to grow your wealth in 2025!
00:00 Intro
01:07 What are Turn Key Rental Properties?
06:08 Verifying Your Investment
09:03 Hands of Rental Investing
14:22 Costs Associated with Turn Key Rentals
17:31 How to Pick a Market
19:38 Financing
23:36 Risks Purchasing a Turn Key Rental
27:41 How to Get Rich Through Real Estate
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The Wise Investor by Rich Fettke: https://tinyurl.com/thewiseinvestorbook
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