Secrets of Turnkey Investing with Eric Martel, Ep. 378

Turnkey Investing has its pros and cons so if you can learn the secrets, you are better prepared to have success. Turnkey Investing is when an investor buys a rehabbed property from a provider, which is already rent-ready. The provider helps that investor rent and manage the property.  Eric Martel has started various businesses but eventually came back to real estate investing, and formed MartelTurnkey. After just four years of rapid success, he was able to retire from his day job. Now he wants to share what he's learned so you don't make the same mistakes he did with turnkey investing. Let’s dive in to learn about turnkey investing and the systems that Eric follows.   Announcement: Download Our Sample Deal and Join Our Mailing List   [00:01 – 05:13] Opening Segment  Eric talks about their background. He talks about how everybody can be successful in real estate investing. The reason why you have to figure out real estate investing. [05:13 –  14:10] The Foundation Why it’s so important to diversify between different asset classes. Why he wrote his book “Stop Trading Your Time for Money” How he achieved financial freedom in a couple of years through real estate investing. Eric talks about the reasons why you should start with real estate investing. Why Eric preferred the Cleveland and Memphis markets. [14:10 – 27:39] Secrets of Turnkey Investing A different model that Eric follows when investing. He talks about his turnkey business. Eric talks about the system they follow in their turnkey investments. He talks about the importance of appraisal matching. Ways to monitor your turnkey properties.   [27:39 – 31:33] Round of Insights Apparent Failure: The millions he lost in the stock market.   Digital Resource: Zoho (CRM)   Most Recommended Book: What Got You Here Won't Get You There   Daily Habit: His morning routine   #1 Insight for Investing: Focus on cash flowing investments with higher returns.   Best Place to Grab a Bite in Los Angeles:  Bottega Louie   Contact Eric: To learn more about turnkey investing, you can go to Eric’s website. You can find his book “Stop Trading Your Time for Money” here or on Eric’s personal website marteleric.com.   Tweetable Quotes: “Your first goal should be to achieve financial freedom.” - Eric Martel “Time is the critical aspect when you are trying to achieve financial freedom.” - Eric Martel   Thank you for joining us for another great episode! If you're enjoying the show, please LEAVE A RATING OR REVIEW,  and be sure to hit that subscribe button so you do not miss an episode.