Turnkey Real Estate Investing with Axel Meierhoefer

Turnkey Real Estate Investing with Axel Meierhoefer

On this episode of the Investor Financing Podcast, Beau interviews Axel Meierhoefer, founder of Ideal Wealth Grower. Beau and Axel discussed the questions about turnkey properties, the reasons why you would want and need to buy a turnkey property, and the basic steps to get financial freedom.

Timestamps
[00:29] Beau welcomes Axel on the show and talks about his credentials
[01:26] A lot of people are going into real estate investing without the plan
[03:13] How did Axel discover turnkey investing and what was his first experience with buying his first out-of-state property
[07:28] What’s the process and kind of framework for vetting these turnkey providers?
[08:45] The ugly duckling kind of property
[08:52] One commonality for the turnkey providers
[09:05] Three areas that are necessary to fall under one organization – renovation, sales, and management
[09:57] What happens to investors when they want to be passive?
[11:09] Tenant-ready renovation versus an owner-occupant renovation
[11:51] Performance in real estate investing is much more important than the other things
[12:37] The point where you can quit your job and have financial freedom
[12:56] We should look to make at least two hundred dollars on a property in positive cash flow
[15:36] What are some ways to grow financially a little bit quicker?
[17:19] We all need a plan but the problem is we don’t have a plan
[18:03] What do you do with the cash flow?
[18:17] Fractional real estate investing using Lofty
[20:30] How to get the home equity line of credit
[22:57] Real estate is the most powerful tool that you can get for anybody
[25:16] Turnkey investing is pretty passive because you have management in place
[26:07] There are a lot of people renting rather than owning in Memphis
[29:48] When you flip a house, the money’s gone and you get taxed
[34:01] Look at all the resources
[36:23] How would you like to be an equity millionaire?
[38:23] What markets is Axel looking into right now?
[39:10] We need to vet the turnkey providers
[40:17] Where to go to find out more about Axel
[40:54] Know how to set up a vision of what you are going to accomplish

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💥 Thanks for watching 💥
#TurnkeyRentals #TurnkeyRentalProperties #TurnkeyRentalPropertyInvesting

About Beau: Beau Eckstein is a real estate entrepreneur, TV personality, and commercial mortgage advisor, specializing in construction financing and multi-family lending.

🎥 The video interviews we do on IFP will help you scale your real estate business and learn how to finance all your projects.

About the Channel: Want to structure your investments in the right and secure way?

Learn great insights and make the right decisions through the Investor Financing Podcast hosted by Beau Eckstein.