In this episode we talk to one of our youngest investor clients who is on track to purchase seven (7) turnkey investment properties this year.  He started at the age of 22, and plans to acquire a lot more next year in 2016.

He shares with you some tips and suggestions on how he got started, what he looks for in his investments and how you can do the same.  There is no magic, just following a system and doing your due diligence.  All this and more on today's episode.

If you missed last week’s episode, be sure to listen to The “Buy & Hold” Strategy with Linda McKissack.

Enjoy the show!

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Client Case Study on Turnkey Real Estate Investing
In today's show, we have a current client of ours. His name is Lance. I wanted to bring him on as a bit of a case study because this guy is only 26 years old. He started investing at the age of 22. He's on track to close on his seventh property this year. He'll potentially have eight by the end of the year. He plans to buy a whole lot more next year. He's really following our philosophy and our advice of buying prudent income-producing properties in market's that make sense, that cashflow from day one. He's diversifying according to the strategy that we've laid out for all of our investors, all our clients. He's really jumped in and made it work. He's had great success. He's also an analytical person who likes to do his research and due diligence. As Ronal Reagan used to say, "Trust but verify." That's exactly what Lance does.

It's my pleasure to welcome one of our clients. His name is Lance. He's one of our youngest clients. I believe he's 26 years old. He's got some very clear and aggressive real estate investing goals, which is just fantastic. I wanted to bring him on the show today as a bit of a case study to share his experience with investing, not only on his own but even through our network at Norada Real Estate Investments. I'm sure he'll be able to share some tips and some ideas for you today. His name is Lance. Lance, welcome to the show.

Thanks for having me on, Marco.

It's my pleasure. You are one of our youngest real estate investors at the age of 26. We have had clients from the ages of 19 all the way up to their 60’s. It's quite a wide range. You started off quite young as I recall. I remember you contacted us. It was actually my birthday. January of 2015 is when you had first called our office. I like you to share with our listeners how you got started in real estate investing, where it all began and how it progressed, because I know you started off at a very young age.

Turnkey Real Estate: I always knew when I was younger that I was going to get into real estate investing at some point.

I always knew when I was younger that I was going to get into real estate investing at some point whether it was residential or commercial. I wasn't exactly sure where. My family owns some real estate so I thought it was a good investment. When I was 22, I actually made my first purchase. I purchased a townhouse. At the time, it was a place that I would live in. I also was looking for, "If I move out of this place, I want to make sure that it would be cashflow positive." That was my only criteria. At the time I was thinking, "Here's an investment I'm going to make and 30 years from now it's probably going to pay off. That's where I'm really going to make the money.” I purchased it and shortly after, I ended up getting moved for work. I rented it out. I did pretty well and at the end of it all, I ended up netting probably $150 to $200 a month throughout the course of owning it. What really paid off was earlier this year whe...