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Turnkey properties can become a more passive stream of income, but for the first few years they aren't "passive." Many will try to sell you on a passive investment, but that's not how this works. If you want a passive investment, get an IRA or 401k. And if a company is offering a completely passive investment experience, the chances are: It’s a scam.
There are companies that claim to offer the same turnkey approach as Memphis Cash Flow, but they are a scam. They promise zero risks, don’t want you to visit, poorly rehab properties, and poorly manage properties, if they manage the properties at all.
Their sales pitch sounds great, but if it sounds too good to be true, then it probably is. As turnkey investing continues to prosper in areas like Memphis, there will always be scammers looking to take advantage of you if you let them.
You will absolutely come across other turnkey property investment groups that offer "passive" approaches. If it sounds too good to be true, then it is, especially in this form of investment. Some companies say it's "passive" because that marketing tactic works, but it never ends well for those investing. Always read reviews on the turnkey companies you're considering. It's as easy as going to Google, typing in the name of the company, and seeing what the reviews say on Google and other third-party websites.
If you see anything less than 4 stars, then you should avoid them because they're likely promising more than they can deliver.
Consider all of those points above as you choose a turnkey company to work with. Thoroughly vet the company and read their Google reviews. See what others say. Select a few companies to meet with, and take time to go meet in person.
Read what others are saying about turnkey scams and legitimate turnkey investment opportunities.
Avoid scams and fraud by choosing a well-established turnkey investment group to guide you through the process. Memphis Cashflow has over a decade of experience with helping clients just like you make smart real estate investment decisions and to grow their wealth.