Simple Passive Cashflow Podcast

The turnkey world was explained in this previous post. If you are going down this passive investing path, here are some questions to ask. This is not an interview, but simply a conversation starter. Use the salesman to educate yourself and exercise your BS-Detector. A lot of people ask me who the people to work with are. I am afraid for those who think like that because they will not go through this important education phase. Can you break down the structure of your company for me? (Let them explain) Tell me how your process works from start to finish? (Let them explain) What does “turnkey” mean with your company? (Let them explain) Do you own properties close to the one you’re selling to me? (Determine if you are working directly with the TKP or middleman) Will there be a tenant in place before I close on the property? (There are pros & cons) Can I use financing to purchase the property? What happens if my financing falls through? (Determine if you are potentially overpaying) Is the