This company no longer does this “hybrid approach” as the real estate market there as well as many other places are pretty hot and very competitive. There are still companies which will help you buy a distressed property, renovate it for you, and then manage it for you. However, you will likely have to pay cash and then refinance afterwards.
I still think turnkey real estate investing is a good idea for someone who lives in an area where there is no cash flow, someone who is inexperienced and wants a little more hand-holding, and someone who is too busy to be a landlord. Just make sure you do your due diligence and research before you make your investment. You can always take a more hands-on approach later on but at least get started investing in real estate.
You can read Andrew’s latest real estate update here, including how he’s shifting his strategy to Buffalo.
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