028: Turnkey Market Strategies

Antoine Martel is an up-and-coming superstar in the real estate world. He specializes in turnkey properties and has grown his business at an impressive rate in the last four years. Antoine tells me the story of how he got into the turnkey business and what he has learned from it.

If you are considering jumping into the turnkey market, Antoine paints a great picture of how the model works. He offers some good advice and shares his opinion on the current market.

MINUTES MARKERS

00:00 — Introduction to the Big Mike Fund Podcast.

00:22 — Welcome Antoine Martel to the show!

01:11 — All about Antoine and Martel Turnkey.

03:22 — The type of properties Antoine considers.

03:50 — What makes Antoine’s deal structure different from others?

05:05 — How to find good companies to do work for you when you are out of state.

06:42 — How Antoine finds his deals.

09:20 — Why cutting corners is always a bad business decision.

10:45 — The typical cost of one of Antoine’s projects.

12:50 — The challenge of finding a good property manager.

13:50 — How Martel Turnkey handles tenant turnover.

15:30 — Antoine’s rule of thumb for cash reserves and Mike’s differing opinion.

19:47 — Antoine’s observation of the current market.

21:38 — What happens when people want to sell their turnkey property?

22:10 — Antoine’s contact information.

23:05 — Antoine’s book recommendation.

24:30 — Thank you to Antoine Martel for joining us.

24:51 — Outro to the Big Mike Fund Podcast.

RESOURCES

Martel Turnkey

Antoine on Instagram

Big Mike Fund Podcast

Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties by David Greene

Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! By Robert T. Kiyosaki

 

 

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