Manage episode 290747490 series 2833722
I ask Marck a little about his real estate niche and I have posted part of that conversation below!
[00:03:26]Billy: [00:03:26] like this snapping the fingers. And before you know what your kids are grown, they're off to college and having a family of their own.
[00:03:30] It's crazy. So, Marck you have a niche, the business you're in. I know it's morphed over the years. I don't know if he ever really did wholesaling, but I know you were rehabber back in the day. Now you're really a turnkey provider. So for people that are listening to the show, they're not familiar with the word turnkey provider.
[00:03:45] What does that actually mean?
[00:03:47] Marck: [00:03:47] Yeah, sure. A turnkey provider is essentially a flipper only. You've already got the buyer in your pocket and you don't need to pay a real estate commission. So the beautiful thing is most people step over those hundreds of $150,000 homes because , they're more rental properties than flips.
[00:04:02] Right? So most people would kind of flip in that. The 150 to 550 range, at least in the Kent state marketplace, we actually take, we don't do any of the small inner city properties or anything. We focus in a class areas. That's kind of our niche, but we take properties that are designed to be nice, suburban areas as rental properties.
[00:04:22] And we actually, obviously, like anyone else we advertise and target to buy them under market value, but then we do a really quality remodel attracting a super high quality tenant. And then we, once the property is tenanted and already, rent it out rehab and rent it out.
[00:04:36] We then, and only then do we sell it to an investor? That's kind of sitting there saying, Hey, Marck, I'd like to buy as many rental properties as I can. I just don't have the time or money, how to do it. So we call it a full turnkey operation because. We have high income, high net worth individuals that are wanting to build a portfolio of rental properties, but we do everything for them.
[00:04:55] We take all the mistakes out of it cause they don't need to go kick their teeth in. In fact, I would say that most of them are dentists, doctors, lawyers, accountants income individuals that see value in real estate over the stock market. But I think the real estate industry for the longest time has done a very poor job of catering to the investor.
[00:05:14]When you sign up for an entry level job, they say. We'll match for your 401k? No. Okay. So everyone just starts pouring their money into the stock market. I think we need to step up a little and my vision, my big goal is to make real estate investing as easy as investing in the stock market.
Talk to you all soon!