Antoine Martel joins us to teach us about the turnkey rental business. You’ll learn how to avoid common pitfalls in turnkey real estate investing, what to look for in your first turnkey investment, and how to select your markets for investing. If you’re getting into passive real estate investing, you should take time to understand and evaluate turnkey rentals.
“Be patient and just stick to your numbers.”
“Pay your people right and don't be greedy. We pay our project managers well and we keep them busy.”
“With that $20,000 you have in the bank or your 401k, you can buy rental properties and start growing your portfolio.”
Get in touch:
The Millennials Guide to Real Estate Investing
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Other Turnkey Episodes:
Turnkey Secrets with Marco Santarelli
Turnkey Success with Phoenix O’Rourke
Born in Toronto and raised in San Francisco, Antoine graduated from Loyola Marymount University with a B.A. in Business Entrepreneurship. Antoine, for the past four years, has been investing in residential & commercial real estate in key markets around the country. He has built a rental property portfolio with over $5M in assets. Antoine is also well versed in underwriting and analyzing commercial development deals.
Antoine Martel 0:00
Be patient. And also just stick to your numbers. And you know, try to remove as much emotion as you can from the deal. And really just at the end of the day, let the numbers dictate your gut and if you have a bad feeling about a deal, get the hell out of there.
Welcome to passive wealth strategies for busy professionals, the show that teaches you how to grow your wealth without buying yourself a second job. Today we're here with Antoine Martell of Martel real estate, a turnkey real estate provider based out of San Mateo, California. We're going to talk about turnkey today.
It's definitely a very interesting opportunity for busy professionals that want to get into real estate and aren't going down the syndication route, and also don't want to go or aren't able to go hunt for single families duplexes and such in their local area. Maybe they live in a high cost of living market. If you want to listen to an actual real turnkey success story investor. Go check out our interview with Phoenix O'Rourke, friend of mine who is a successful turnkey investor based out of California, close to where Antoine's calling in from.
So coming from the other side, an actual investor, not from a provider, so it's great to get the full circle here. So, Antoine, welcome to the show.
Antoine Martel Yeah, thanks so much for having me on. It's great to have you.
So can you tell us a bit about you know, what you guys do? What markets you provide, turn keys in and what your typical, you know, investor profile looks like? Sure.
Antoine Martel 1:30
Yeah. So we started doing turnkey or really started investing in real estate about five years ago, I was born in Toronto, grew up in the Bay Area, then went to college in Los Angeles and graduated in 2017.
And while I was at university, I realized I didn't want to work for somebody else after graduating, and wanted to do my own thing. And I thought that that would be some tech business or some mobile app, because that was super hot couple years ago, realized that wasn't the way to go. And started getting into real estate real estate investing just started learning as much as possible.
Tried flipping houses in LA tried wholesaling in LA, tried buying rentals in California, none of those tactics really worked and started networking with people who were making money and making cash flow and building a portfolio out of state, whether it was single family or multifamily, and I just thought it was super intriguing.
And kind of my last semester, while I was at universi