The Ultimate Guide to Choosing Turnkey or Fixer-Upper Investments

The Ultimate Guide to Choosing Turnkey or Fixer-Upper Investments

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About this episode:
In this episode, Thach Nguyen delves into the perennial debate in real estate investment—whether to buy turnkey properties or fixer-uppers. He offers invaluable insights based on his extensive experience, highlighting key considerations such as time, money, and risk factors that influence this decision. Thach's meticulous breakdown of the pros and cons of both investment strategies provides aspiring and seasoned investors with the knowledge they need to make informed decisions.

Thach explains that turnkey properties, although convenient and less risky, come at a premium price and do not offer opportunities for creating sweat equity. On the other hand, fixer-uppers, while demanding more time and effort, allow investors to add significant value, ultimately resulting in higher returns and greater net worth over time. He passionately advocates for the BRRRR strategy, emphasizing the potential for exponential growth through repeated investments using the same initial capital.

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Thach Nguyen has come a long way since arriving in America at age 4 with his parents, four brothers, and sister in 1975. Focus, drive, determination, and great mentors paved the way for him to go from a homeless refugee to a multi-millionaire.

Thach is the CEO & Founder of Thach Real Estate Group and principal of Springboard to Wealth. He is not only a seasoned realtor, investor, coach, author, and speaker, but also a proud ambassador of the American Dream. During his 30 years in the real estate industry, he has built more than 300 homes, townhouses, multifamily units and completed over 100 flips, and owns over 100 rental properties giving him over $100,000 a month in passive income. Thach and his team have assisted more than 1,500 families to create their own American Dream of home ownership, ranking him in the Top 1% of all real estate professionals nationwide.

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