Summary: Is it truly possible to purchase turnkey rental properties for about $6,000 total out-of-pocket? <br> <br> On today's episode we show you that it is, and we explain how it works and how you too can benefit if you choose.<br> <br> Join us as we speak to one of our Memphis property specialists about the market and the opportunity.<br> <br> If you missed last week’s episode, be sure to listen to Ask Marco – Pre-Construction Risks, Evaluating Cash-Flow and Rates of Return.<br> Enjoy the show!<br> <br> - - - - - - -<br> <br> Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.<br> <br> Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here's how.<br> <br> See all our available Turnkey Rental Properties.<br> <br> Please give us a RATING & REVIEW (Thank you!)<br> <br> SUBSCRIBE on iTunes | Stitcher | Podcast Feed <br> <br> <br> $6,000 Total Out-of-Pocket Turnkey Properties in Memphis<br> Today's show is a little bit special. I wanted to bring on one of our local specialists, a guy by the name of Nick that we've worked with here for a few years. He's an awesome provider for us as far as building quality turnkey investments. It's not just that these investments are your typical turnkey property. What we have and what we've been selling in the Memphis market now for about a year are investment properties that you can acquire for approximately $6,000 total out-of-pocket. You may be wondering, “How is that possible?” If there's no down payment, it's only $6,000 out-of-pocket. That's what we're going to explain today. To some degree, this is going to be a market spotlight on the Memphis market, but we're going to save half the show to talk about how this investment opportunity works and whether it's right for you or not, because it may not be right for you. With that, I want to bring on Nick, who is, like I said, one of our specialists in the market. He has been a valuable asset. Him and his team have put together some great opportunities for us. Nick has been a real joy to work with. I am happy to have him on the show. <br> <br> Nick, welcome to the show. <br> <br> Thanks, Marco. I appreciate it. Thanks for having me.<br> <br> It's my pleasure. Nick, we were talking here a little bit about how you got started in real estate. I always like to start with that question of how you got involved in real estate because everybody has a unique story. Some people fall into it accidentally, other people planned it that way. Why don't you tell us about how you got started and transitioned into real estate?<br> <br> I never had intentions of being in real estate. It just worked out that way. I moved out to Memphis from Michigan fifteen, sixteen years ago and took a job in the service industry. As I was working, I got married and started a family and had a son and just realized that I was working from seven in the morning until seven at night. I didn't really get a chance to hang out with my family, so I figured I needed to try something new. I got into real estate, looked into becoming an agent, got my license and just morphed into the whole investment side of things.<br> <br> Were you investing for yourself personally or you're actually buying and flipping properties at the time?<br> <br> At the time, as I was working in the service industry, at my other job, I was buying houses and selling them. I'm basically on the side just onesies and twosies just to try to make a little extra money.<br> <br> We've been in Memphis for a long, long time. It seems that Memphis is one of those perennial markets where you open it up as a market, you invest in it as a market, you build up a portfolio there and there are still opportunities to be found. I never really put my finger on exactly why that is. If there's just a lot of foreclosures in that market or if it's just a market that is so large and...
