EP210: Dave Payerchin Shares How to Buy Turnkey Properties to Achieve True Passive Wealth

Dave Payerchin is the co-founding partner of Columbus Turnkey Houses. He's been in this business since 2005 and started out as a buy-and-hold investor. On today's show, he shares what you need to know before buying your first turnkey property. Don't get suckered into buying from someone who is just a middleman finding properties on the MLS, you're not going to get good cash returns!   Key Takeaways: Dave shares a little bit about himself and his business. Dave and his business partner started this business as landlords first (buy and hold), so they've become very familiar with landlord and tenant laws. What is a turnkey property? Who are Dave's clients typically? Key point: If you're looking to buy a turnkey property, make sure you work with someone who has managed the rehab and tenant placement. Don't work with middleman parties who just find deals from the MLS! Dave explains the difference between A, B, and C class properties and why they matter for turnkey. What property class makes sense to pursue in a case like this? Never buy a property if it doesn't come with an inspection report. Get a third party, licensed, inspection report! Make sure you know who is managing your property. You want to keep your turnkey provider accountable. Mentioned in This Episode: If you are interested in Turnkey Houses in Columbus, OH, check out Dave and RJ's company here: Columbusturnkeyhouses.com Email Dave at [email protected]   Tweetables: "We seek opportunities to add and create value and we fill those needs." "Never buy a property if it doesn't come with an inspection report." "I encourage people to stay away from buying properties at seminars and hotel ballrooms."   Ask Alex A Question: Have a question you want featured on an upcoming Flip Empire Show? Head over to the Ask Alex page, and record your question. We've made it super easy for you, so let us know what challenges you are having, and Alex will answer it personally! Did you get your FREE Online Course? Text the word EMPIRE to 67076, and we'll send you a link to get instant access to the "5 Ways To Scale Your Real Estate Wholesaling Business To Six Figures (In 6 Months Or Less)" video module training course. Subscribe To The Flip Empire Show, and Leave a Rating & Review!