Ep 8 - 6 Benefits of Done For You Real Estate Rentals

Hey, everybody. Flip and Danny here, founders of the Freedom Real estate group family of companies, and welcome to another episode of Freedom through passive Income.

I guess you're wondering where I was at.

Well, today we're at one of our rental properties. And what we wanted to talk to you about today was a done for you rental properties, what we call our turnkey properties. And this is something we've been doing for investors for over six years now, actually since 2015. And so today we're going to walk you through one of our properties. Now, this property is not completely finished. It's still waiting to do a final inspection and waiting to do actually a full house clean. So if you see any dirt, don't baff or point it out or anything like that. But. So we wanted to just do a quick walkthrough. Now if you'll take a look around. We use the same paint for all of our properties and we use the same flooring for all of our properties. We like to call this the Big Mac for turnkey properties. Because when you buy one property for us, you're gonna. When you buy that one property, the next time you buy another property, guess what? It's gonna have the same paint, it's gonna have the same flooring, same light fixtures and things like that. So you. You know what you're getting. It's like, that's why I said we call it the Big Mac. You buy a Big Mac in Los Angeles, you buy a Big Mac in New York, guess what? It's still a Big Mac. So this is one of our chunky properties. This one is actually doing a radon test right now. So don't freak out about the little machine over here, but next thing we're going to do is we're going to walk into the kitchen.

Hello, everybody.

Hey, there's Danny.

And so Flip said I could be the kitchen because, you know, I like kitchens even though I don't cook.

I was going to say, have you ever been in the kitchen?

No. I bathed them, I scanned. Well, they do nothing else. I wash the dishes. Anyways, this is our standard colors that we do on all of them. These are my favorite handles. Every time I come into a turnkey rental and these handles aren't on there, I'm like, where's my handles? I just think that they're classy. I love them.

I believe they refer to them as Danny handles.

But anyways, this is our standard. So, you know, usually you're going to walk in, you're going to see the same backsplash Same countertop, same color paint. So again, this is still a work in progress. They just, I think, finished the qa. They've got to do the punch. The inspection's tomorrow, so pretty soon this one will be all done. Tada.

And so now we're gonna go this way. Okay, so this is the, this is one of our standard bathrooms. I'm not going to go in there at the same time again, but we replaced most of everything in here as well. And again, still going through the final clean. So don't point out the dirt. And then into the bedrooms. Now, a lot of people when we first started doing turnkey properties, we put carpet in the bedrooms. But to the request of many, many, many, many, many, many, many, many investors, they wanted hardwood floors inside the bedrooms because of wear and tear and not having to replace the carpet every year. But again, this is again, you see the same color paint, same flooring. And this is what it's going to look like in all the bedrooms. Okay. And we're in of this house. It's got some great windows. You bring in some great light especially to see out the backyard there. And then, oh, look what we have here.

I'm back.

We got Danny, six eyes.

This is my favorite room because of all the lights. So I said, let's do the six benefits in this room. So the six benefits that we have for you for done for you. Real estate investing, which we call turnkey real estate investing are number one, you're busy, so it's done for you. A lot of us have money. We understand that the reality of building wealth through real estate is what we want to do, but we can't do it ourselves. So you find a company that can do it for you. Cash flow, that's the other thing. When we talk about our freedom number, we're talking about the cash flow that's coming in that passive income in order to meet our needs, get us out of that job. The next thing is, this is number three, by the way. Next thing is leverage. You've got a loan, you probably put 20% down. You might put 5, 10. Just depends on your situation. But guess who's paying down the mortgage for you. You tenants are. And then number four is the tax benefits. You've got your mortgage interest deduction, your depreciation deductions, your bonus depreciation, any large repair deductibles. And you can skip capital gains if you use a 1031 exchange when you sell. So lots of tax benefits. And then number five is appreciation. Now we're in Ohio. So we say, don't count on it. It's just the cherry on top. And then lastly but not least, is inflation. A lot of people don't talk about this, but just like inflation erodes the value of your savings, it does the exact same thing to your mortgage because your loan gets easier to get paid back.

Well, that wraps up our tour of our little turnkey property here. We hope you enjoyed it. Make sure you love, like, comment. Do whatever you need to do below this video. Tomorrow we're gonna be talking about another passive income strategy called private money lending.

That's my favorite.

It is. But make sure. Don't forget about our Facebook group. Make sure you join our Facebook group. They're right up here. Facebook.com group Freedom Through Passive Income. That's right. And our website is right down here. It's called freedomcapitalinvestments.com so make sure you come up and see us and we'll see you tomorrow.

We always like to end our videos with invest smart, Live happy.

Bye.

Bye, everybody.

Nothing on the show should be considered specific personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for any visualized advice. Opinions and information on the show are not guaranteed. All investment strategies have the potential for profit or loss.

Hey, everybody.

Flip here and Danny.

And Danny's man in the camera right now. And we are the founders of. I didn't swear.

No, we did not.

Hi, flipping Danny here. That's what you say.

Hello. Okay.

Nevertheless, that's where Flip here.

I was like. And Danny, don't forget about me.

All right. You recruiting?

Yes.

Okay.