Investing in Turnkey Rental Properties with Nathan Brooks

Let's Talk Real Estate Investing with Sharon Vornholt

For anyone who wants to build a portfolio or rental properties but isn’t interested in locating distressed properties and rehabbing them, purchasing turnkey rental properties might be the perfect investment strategy for them. Many turnkey rental companies also take care of all the management of those same properties.

This decision often comes down to the amount of involvement you want in the front-end purchase process, and whether or not you are cut out to be a property manager. Many people understand the benefits of passive income from rental property, but they aren’t necessarily “in love” with real estate investing. This gives everyone a way to be in this business that suits their individual needs.

Key Highlights:

[00:01 - 06:00] Opening Segment

• Introducing Bridge Turnkey Investments

• How Nathan got involved in the Real Estate Investing Industry

• The No Quitters Guide to Investing in Real Estate

• Focus on creating an extraordinary life, not just making money

[06:01 - 11:46] Investing in Turnkey Rentals

• How to evaluate property classes and find the proper neighborhoods

• Evaluated properties based on rent, crime statistics, and average price house

• Nathan’s experience working with third-party property management companies

• Understanding the benefits and challenges of Airbnbs and midterm rentals

[11:47 - 17:40] Maximizing Revenue from Short-Term Rentals

• Airbnb can be a great source of income

• Understanding legalities and who the end user is important

• Cash flow is essential but not the only tool for making money in real estate

• Choosing the right property and knowing your area and target audience are key

[17:41 - 24:32] Closing Segment

• How to crush real estate investing and build an extraordinary life

• Cash reserves are critically important when investing in real estate

• Leveraging relationships is vital to the successful development

Want to connect with Nathan? Follow him on LinkedIn, Facebook, and Instagram to build an extraordinary life!

Resources Mentioned:

The No Quitters Guide to Investing in Real Estate

Key Quotes:

“People get obsessed about cash flow. Cash flow’s great, and it’s a great tool, but it’s not the only tool.” - Nathan Brooks

“Build a business that makes money, but also build a life that you love and do what you love.” - Nathan Brooks

WANT TO LEARN MORE?

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Be sure to check out the Louisville Gals Real Estate Blog and my course Probate Investing Simplified.

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