438: Why Not Do Turnkey Real Estate By Yourself?
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 27 February 2023
⏱️ 45 minutes
🧾️ Download transcript
Summary
Why can’t you do it all yourself? That is, identify, acquire, manage a rehab, place a qualified tenant, and manage a rental property long-term.
We talk with the Founder and Investment Coordinator of who may be the oldest turnkey provider in America today, Mid South Home Buyers.
They make ugly houses pretty.
They only acquire houses that the Founder would be proud to own himself.
Mid South Home Buyers’ Terry Kerr and Liz Brody have repeat GRE buyers for their 2nd, 5th, and 9th investment houses in Memphis and Little Rock.
They’re passionate about how they’re not snatching away homes from prospective first-time home buyers.
They transform and improve neighborhoods.
4 years is the average tenant duration here.
MSHB’s rehabs are extensive: new roof, new HVAC, updated electrical and plumbing, all-new flooring and new cabinetry.
With national supply chain issues and inflation, they’ve doubled their inventory of supplies.
Memphis International Airport is an astounding distribution hub for the types of jobs that make great long-term tenants. It’s often the highest volume cargo airport in the world.
They also offer new-build properties in Little Rock.
What about prices and rents?
Memphis Rehab SFRs: Rent $780-$1,400 | Price $95K-$160K
Memphis Rehab Duplexes: Price $180K-$220K
Little Rock Rehab SFRs: Rent $850-$1,500 | Price $110K-$170K
Little Rock New SFRs: Rent $1,300-$1,400 | Price $190K
80% of their buyers finance. 20% pay all-cash.
They’re so proud of what they do that they offer monthly bus tours.
Learn more. Get started at: GREmarketplace.com/Memphis
Our GRE Instagram Poll results show that 65% of you have your tenants pay you through the legacy banking system. I reveal all the results on today’s show.
Resources mentioned:
Show Notes:
Memphis & Little Rock property that
cash flows from Day One:
Get mortgage loans for investment property:
RidgeLendingGroup.com or call 855-74-RIDGE
or e-mail: [email protected]
Find cash-flowing Jacksonville property at:
Will you leave a review for the show? I’d be grateful if you search “how to leave an Apple Podcasts review”
and help me this way.
Top Properties & Providers:
Best Financial Education:
Get our wealth-building newsletter free—text ‘GRE’ to 66866
Our YouTube Channel:
www.youtube.com/c/GetRichEducation
Follow us on Instagram:
Keith’s personal Instagram:
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to GRE. I'm your host Keith Winehold. Why do you or anyone need a turnkey real estate provider? Can't you yourself find fix and flip a property, find a tenant and manage a property yourself? We'll answer that and so much more as we talk to who may very well be the first at-scale income property providers in the entire nation today on Get Rich Education. |
| 0:27.3 | With JWB Real Estate Capital, Jacksonville Real Estate has outperformed the stock market by 44% over the last 20 years. |
| 0:35.7 | It's proven to be a more stable asset, especially during |
| 0:38.7 | recessions. Their vertically integrated strategy has led to 79% more home price |
| 0:44.1 | appreciation compared to the average Jacksonville investors since 2013. |
| 0:49.2 | JWB is ready to help your money make money and to make it easy for everyday investors, get started |
| 0:55.2 | at jwb real estate.com slash gRE. That's jwb real estate.com slash gree.re. |
| 1:05.7 | You're listening to the show that has created more financial freedom than nearly any show in the world. |
| 1:13.2 | This is Get Rich Education. |
| 1:37.0 | Welcome to GRE, spanning the Americas from Nova Scotia's Bay of Fundy to the rugged archipelago of Chilean Tierra del Fuego. |
| 1:42.6 | And across 188 nations worldwide, I'm your host Keith Weinhold, and this is Get Rich Education. They want you to think in terms of debt-free, but you are a bigger |
| 1:48.7 | thinker than that. You want to be financially free. Debt-free people want their home and |
| 1:55.2 | run of properties to be paid off, free and clear. Financially free types like us build wealth with leverage. Have the right |
| 2:03.8 | strategy, align with the right team, and then don't sweat it. The tenant and inflation passively |
| 2:10.8 | pay down your loans for you. And then rather than you trading your time for dollars, racing to get |
| 2:17.3 | your properties free and |
| 2:18.7 | clear yourself, now you can live your life free and clear. I mean, why would you do life any other way? |
| 2:28.4 | Hey, well, the U.S. Census's recent report told us that the top five states people moved to in the past year |
| 2:33.3 | were number one was |
| 2:34.5 | Florida, second was Texas, and then North Carolina, South Carolina, and the fifth most move to state |
| 2:41.5 | is one of the two states that we're going to be focusing on today, and that's Tennessee. |
| 2:46.3 | More to come there, but I want to share with you the results of our latest Instagram poll with you, |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Keith Weinhold, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Keith Weinhold and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.