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Is This the Most Beginner-Friendly Way to Start Investing?


Most people get turnkey real estate investing all wrong. They either think it’s a completely hands-off investment like stocks or that all turnkey real estate companies offer the same product. Both of these assumptions can be dangerous when investing in what should be an easier, less stressful, and far more scalable type of real estate investment—turnkey rentals. If you invest in truly turnkey real estate, you’ll get all the benefits of regular rental properties with MANY of the headaches already dealt with. What do we mean?

We’re bringing back repeat guest Chris Clothier, turnkey provider and investor for over twenty years, to explain exactly what turnkey real estate is and whether or not it’s right for you. Chris describes the danger of thinking that every “turnkey” company is actually turnkey and signs that the company you’re dealing with could be selling you a bad deal. Plus, who should buy turnkey in the first place? Is it only for beginners, or do experienced investors move their money into these properties, too?

How much money do turnkey properties make? We’re sharing those stats and the two questions you MUST ask a turnkey company before you work with them!

Dave:
Do you want all the benefits of owning rental properties without having to do a lot of the work yourself? If so, turnkey investing could be right for you everyone. It’s Dave, and if you’ve been around the BiggerPockets community for a while, you may have heard of a guy named Chris Clothier. He’s been on this podcast a couple of times, or you might’ve seen him in the BiggerPockets forums where he’s posted more than 10,000 times. Chris has done a lot of stuff in real estate right now. He operates a business called REI nation where they buy properties, fix them up, find tenants, and then sell them to investors as sort of a nice complete package for people who want to operate on the more passive side of the real estate investing spectrum. In addition to this business, Chris just happens to be one of the most savvy investors that I know and has really seen everything and done most strategies having been in real estate investing for over two decades. So today I’m going to pick his brain about some topics that sure apply to turnkey investing, but also apply to anyone who wants to operate an efficient real estate investing business or portfolio. So let’s bring on Chris. Chris, welcome back to the BiggerPockets podcast. It’s good to see you.

Chris:
Yeah, you too. Thank you for having me.

Dave:
Oh, it’s a pleasure. How many times have you been on the podcast? Do you know?

Chris:
Yeah, this will be number five.

Dave:
You might be one of the top returning guests then five. I don’t know anyone else who’s been on five times,

Chris:
But the crazy thing is it’s been a while. I was on four times, but I’ve been on BiggerPockets since oh nine, so I was on four times from the very early stages and then as we kept evolving in business topics, but it’s been since Covid Covid was the last time that I was on here. So glad to be back.

Dave:
Yeah. Well, I’m really excited to have you back. I really like these types of shows where we talk to someone who’s been in real estate and been a part of the BiggerPockets community for such a long time and has figured out a way to evolve and adapt to the many, many different real estate climates that we’ve seen since 2009. So maybe before we jump into that, can you just tell us a little bit about how you got started back in 2009 and just an overview of what you’ve been up to up until the last couple of years where we’re going to really dig in

Chris:
Today? Yeah, so we got started well before that. I’ve been doing in real estate specifically on the business side since oh three and I got started by watching Carlton Sheets. I bought the Carlton Sheets, how to be a real estate investor program from late Night tv. Some people may not even know what that is at this point.

Dave:
Was it, oh wait, I am just curious. What format was it? Is it books or VHS tapes or what were we talking about?

Chris:
It was nine DVDs and

Chris:
Probably a dozen little workbooks printed out like soft back workbooks printed out. It was plus another 12 CDs back when it probably cost 3 cents to produce it. It’s just a box full of junk. It was overwhelming. It was the pre-day when you would pay a hundred dollars to get all of this education. It would take you months to actually get through and a week later it’s a call of, would you like to join our exclusive program and we’ll hold your hand kind of thing. But hey, it got me started and I still give it credit because I learned something.

Dave:
It sounds like you’ve come a long way in the last 20 years, and if you do want to hear about the rest of Chris’s journey, make sure to go check out some of the other episodes he’s been on. We will put those in the show below. But today, Chris, I really want to focus on turnkey investing. This is an area you have a lot of expertise in and I think it’s really one of the good options for investors who want to get started or build their portfolio today. So maybe you can just explain to us what turnkey investing is in the first place.

Chris:
Sure. So to me, it describes the process of someone else, an individual or a company has taken the risk of identifying and using their money to purchase a property. Then they’ve taken the risk of creating a scope of work and completing that scope of work on that property. They’ve taken the next step of resident the property putting a resident into that property, and now they offer you as an investor, a stabilized asset that at this point is performing and this is the key for me. They offer you an option for in place property management within their company, and the reason why for me that’s so important is going forward, real estate is real estate. There will be issues, there will be move outs, there will be maintenance, there will be items that come up, nothing changes with that. But the reason why that to me is the actual definition of turnkey is that there’s one point of contact.

Dave:
Oh, I see.

Chris:
There is no, it was the renovation’s fault. No, it was the management’s fault. No, it’s the renovation’s fault. And you as the investor, you’re trying to make three different phone calls. The management company says, Hey, it wasn’t renovated very good, so it’s not our fault. You have maintenance. And the renovation team says, well, the management company did a bad job with their residence selection, so it’s not our fault that there’s a maintenance item already and you as the investor are left. This doesn’t feel very turnkey. This just feels like I bought a stabilized property and it’s not performing very well and nobody wants to take responsibility. Turnkey is meant in my world, it’s meant to lessen the stress for the investor because there’s one point of contact, there’s one source of truth. So in the end, it’s nothing more than just passive real estate, but all the heavy lifting is done for you on the front end.

Dave:
I think that the value of what turnkey in the way that you describe it offers is that when we talk about real estate investing, you are not just investing like buying a stock obviously or buying cryptocurrency where it’s passive. You’re actually starting a business. And what has always intrigued me about turnkey investing is that it takes a lot of the harder business operations outside of your hands and lets you be more of actually just an investor. You’re kind of just purchasing an asset like you would with a stock. There’s still more you have to do than if you’re just buying a stock. I don’t want to oversimplify it, but like Chris said, rather than having to find your own property, identify the right neighborhood, find a property manager, find tenants, all those different things, you just work with a turnkey company that does that part for you and you get to sort of sit back and be more just of an asset owner rather than an active business person inside that business.

Chris:
You, you’re building a balance sheet, you’re building your rent roll, and in doing that, you’re not having to make all the big decisions on which assets to put in, you do, but you should get a very neatly, finely packaged final product to decide on. So rather than making a hundred decisions along the way, you make one decision on the end

Dave:
And does turnkey. Well, I know you have a company, you do this kind of stuff, so are your clients mostly new investors or people trying to scale it? What is the profile of an investor who benefits most from this approach to real estate?

Chris:
For us, it’s a mix of two types of investors, but they do share one thing in common, and I’ll get to that in the backside, the two types of investors, one new investor, I do not have an investment portfolio, but I know this is the route I want to take most in that scenario. They’re in hustle mode. They’re trying to actively build their careers. They are building their families. They are, I would say, dreaming their life as they go and they understand that real estate’s important. They’ve got to have a piece of their future growth in real estate. So that’s the first one. A new investor that doesn’t have a lot of time built in the market, they don’t have a lot of time built in how to, but they know they need it. The second investor, believe it or not, and I would say this is about 50 50, very experienced at real estate, very experienced at investing in general, and they are looking for a return on their time.

Chris:
That’s why they are turning to turnkey. I’ll give you a very particular scenario that happened two weeks ago. A group of investors, there was two of them that were selling a portfolio of properties in California that were commercial light industrial, and it wasn’t time intensive for them. They had management companies in place, but they had hand selected these properties well over 10 years ago for a particular use and purpose. Now, in the past decade, they have since built other companies that they’re actively operating and running, and they turned to turnkey because I want to take these properties and I want to 10 31 exchange them into a large portfolio of single families that have a lot of upside, have management in place. I don’t have to do any legwork on the front end. They understood that their legwork was us. They needed to do their due diligence on us and how we were going to perform for them. Outside of that, they were strictly looking for, I’m taking these assets and selling them. I’m putting my money into these assets here and I need the best management company. It’s just balance sheet. They’re creating a new balance sheet. That’s all it was.

Dave:
That makes a lot of sense to me. One, it’s a great way to get started if you’re busy and you haven’t yet learned the ins and outs of operating the business, and you could just, it’s not as easy as just clicking a button, but compared to doing everything yourself, it’s a lot more on the passive end of the spectrum, and we’ll get into this more, but I would assume lower risk too, because you have experienced people doing a lot of the work for you. But then I also imagine myself, I try and diversify my own portfolio like that. I do some properties where I’m actively involved and then I invest in funds or syndications because they’re more passive because I can’t put a lot of time into every deal I do, but I want to scale faster than my time allows. And so I’ve always been sort of intrigued by turnkey because it would allow me to sort of scale my rental portfolio faster than I currently do. To be perfectly candid,

Chris:
And it can, but even as you and I are sitting here talking like a really big point of emphasis I want to make today is that the word turnkey, it’s neither a noun or a verb, and unfortunately it’s been used as both and it’s become both a noun, turnkey property as if that is descriptive. It’s no longer descriptive. It’s a word that everyone uses. And then also I invest turnkey, meaning I invest with little work, little anything as a verb. To me, they both have done a lot of harm to the industry itself. When I use the word as a noun or a verb, most turnkey investors are going to lose. Now they may lose money or they may miss their objectives, but they’re going to lose because they are investing buying the word. So there’s a lot of misnomer. There’s a lot of, Hey, I’m just going to buy turnkey, totally passive, everything’s done for me. It’s super easy and

Speaker 3:
It

Chris:
Just really lowers the alert level of an investor. It lowers the attention they need to pay to what they’re doing, and it allows a lot of, I don’t want to use the word unscrupulous, it makes it sound like it’s intentional, but it just allows a lot of error to enter into the equation.

Dave:
I guess that makes sense about the risk. Obviously my assumption when I said it was lower risk is that you were doing your diligence of working with a qualified, absolutely high integrity operator, but obvious to your good points, it should be called out that not all turnkey operators are the same. Okay, time for a break, but more with Chris Cloer when we come back on the BiggerPockets podcast, let’s get back to my conversation with Chris Cloer. This is resonating with me today. I spent the early part of this morning dealing with a contractor who is threatening to put a lien on one of my properties because my property manager didn’t pay a bill, and I was like, of course I would’ve paid it, but you sent it to the property manager who somehow lost it, and this is just how real estate goes. There’s so much of the business is just coordinating between disparate parties who have no incentive to coordinate with each other, and you’re sort of just quarterbacking the whole situation and you get a hang of it. But it can be annoying for sure, and I can imagine that having basically just, it’s sort of like customer service. You have a point of contact that you can call and they deal with whatever situation arises, whether it’s on a maintenance side, tenant side, asset management side.

Chris:
There’s misconception and misdirection when it comes to turnkey, and the way that a lot of turnkey companies try and say they’re incentivized to have their interest aligned is if you’re happy, you’ll buy more properties from me. And if you’re not, you won’t. But when it comes down to it, if they’re not responsible for end to end like a circular transaction, for instance, my company, we buy back a lot of properties from investors now, it could be year three, it could be year seven, it could be year 15, but we’re there. We are able to purchase properties back when an investor’s ready to exit out of an investment, but we can because we bought it, we renovated it, we sold it, we managed it, we know every detail about the property, and it’s an ease of transaction for the investor. So it is the ability to get in, make your investment, earn your return exit easily, and either move into a new investment with us or into something else. But that circular transaction doesn’t exist with most companies that use the word turnkey to describe what they do. So they take pieces of it and they say that for them. What turnkey means is, I’m going to find it. You’re going to buy it. I’ll manage a renovation for you and introduce you to a management company. You might as well at that point hire an agent and make sure that you have a professional with a fiduciary responsibility

Chris:
Rather than just buying from an individual. There’s no risk.

Dave:
Yeah, because when you’re saying done well, right? You said that the turnkey company should be purchasing the property and doing the renovation while they’re the owner of the property and then only selling it to an investor or passing it off to an investor once by having the renovation completed.

Chris:
And the reason why I bring that up is that if somebody advertises turnkey, but all the risk is on you, what value are you truly getting? You’re just perhaps you trust them, perhaps they’re fantastic and they’re going to be able to help you, but what value did you get other than you met somebody, you came to them because the word turnkey told you that it was less risk, less work, easier to do, but in the end nothing’s changed. It’s just a real estate transaction and the reality is that turnkey done well, it won’t be instant equity that you get in the property. It’ll be bought equity, especially if you’re using financing. Whatever you put down, you’re probably going to pay closer to retail pricing on a property because the advantage, the purpose of it is I’m buying a properly renovated property that is going to be should less headache for me, should be managed well and should be a relatively simple, straightforward investment over the next few years where the company I hired is able to perform at a high level. I’m saying a lot of jargon there, but that’s what it’s supposed to mean. Turnkey means that I’m not having to do a lot of work going into this. I make sure and vet the professional

Chris:
And they’re going to deliver to me a smooth, relatively stress-free and consistent investment. Otherwise why am I paying retail value?

Dave:
Yeah, you’re hitting on two of my favorite themes here, Chris. One is incentive alignment, which I want to come back to.

Chris:
Sure.

Dave:
But the second thing is about the risk reward relationship in real estate and all investing, right? I try and stress this a lot to people, but the more risk you want to take, the higher the potential reward. But when you work with a turnkey company, you are basically paying them to lower your risk. And so that means that you are, there is going to be in some ways less opportunity for reward, and I’m not saying you won’t make money, but as Chris just said, you’re not going to be buying it at a super steep discount because Chris and his team, I am going to ask you about this in a minute, but I assume need to make money somehow, right? They’re not doing this out of the kindness of their hearts, but they’re basically, or Chris and other reputable turnkey companies are taking on that risk for you, and so they’re going to enjoy some of the benefit. That’s what a good partnership is, right, is both sides have mutual benefit, but I think I’ve heard people turnkey say, oh, you’re buying retail. It’s not a good deal. Well, it just depends the kind of investor you are, right?

Chris:
Correct.

Dave:
If you want to go and do all the work yourself, you’re probably not going to be attracted to a turnkey investment. If you’re saying, Hey, I’m trying to buy a property for the next 5, 10, 15 years, I don’t want to do a lot of work and I’m willing to pay retail and they’re going to de-risk it for me, then that can be a great deal for you. It just depends on your personal preferences.

Chris:
If your investment strategy, your high risk, high reward already is in oil and gas futures or you have cryptocurrencies, you’re heavy into and you’re diversifying into real estate because you can leverage your purchase, you can use a fraction of your money to own the whole investment

Chris:
And then you gain, for each of us, it’ll be different, but some form of tax advantage from that somewhere along the way more for others and less for some, but you know what I’m saying? There’s some there. And ultimately in the end, what you’re doing at this point is I want less risk. I want a stable and high likelihood that when this investment’s done, my up will be that let’s say you put 25% down. My 25% has appreciated, but so has the bank’s, 75%, and along the way, a resident gave me every dollar I needed for the operation of that asset. That’s it. I didn’t make any cashflow in the end. I made a little bit here, a little bit there, but after seven years, they gave me all the money I needed for my costs, the value went up, they paid my note down and I got all my money plus a standard eight to 10 to 15% return or whatever it’s to be. But guess what? I got that return on the bank’s money too,

Chris:
And I can’t do that with my oil and gas futures where I took big risks, but maybe I rewarded, maybe I didn’t do that on my other investments. And the crazy thing for me is that each of us as investors, we get to decide why we’re buying a piece of real estate and we get to decide what our expectation of performance or return is. And so if my expectation is number one rule, I’m not going to lose money, and number two, I’m going to be able to leverage myself intelligently into a better return. Cashflow be damned, it doesn’t matter.

Dave:
You raise up a really important point here, Chris, which is that even within turnkey, there’s just a huge spectrums of type of deals and perspective returns right now in 2024. Can you tell me a little bit about what a good deal looks like to you? And I know this is individualized to anyone, but if you were just advising, let’s start with a new investor

Chris:
Who

Dave:
Was doing, buying their first deal, what should they look for in terms of price point, buy box and type of return?

Chris:
For me, I would not invest anywhere that I was in the bottom core deal of the market. I would invest as close to median value as possible.

Dave:
Why is that?

Chris:
Because every piece of data you can look at will point to the majority of renters in any market are going to be in that middle section. There’s fewer that can afford the lower end and almost none that are looking for the upper end. So a majority of the renters in a market are going to be renting homes that are at median value and just below, so median value minus about 10% in that area right there. So one, you’re buying a property with the highest probability of finding a qualified renter.

Dave:
That’s such a good tip. It’s the most demand, right?

Chris:
Yes. But the demand also exists in the resale, so you’re also buying in the most affordable part of a market where you exit strategies will be probably the widest that they’re going to be because not only would it be owner occupants, that that’s also the median price is where they’re going to be the majority, but also investors. So investors that want to stabilized proven product that you’ve owned for three to five years and you’re exiting for whatever reason, they’re going to exist there and they’re going to be looking for, Hey, this is just the right spot for me to be.

Dave:
That’s a great tip. I just wanted to reiterate that for everyone before you move on, Chris, just so everyone understands, if you’re talking about a market, let’s say that the median home price is 400,000. Chris is saying that if you buy something in the, you use 10%, 360 to 440,000 range. That’s from around the median. You’re going to always have a high chance of renters because most people, just statistically most people are going to want and be able to afford that type of apartment as a renter. And the same thing is also true when you go to sell the property, either to a prospective home buyer is going to use it as their primary residence or to another investor. And that is such a good tip because I think a lot of people say like, Hey, I found this great market. It’s growing, but then they try and buy at the bottom of that market what they can afford, which can work, but you’re taking on that risk, like you said, of not having a product that is going to be very attractive to your perspective tenants and then in the future to someone that you’re going to want to offload this property to.

Dave:
Alright, time for one last break and then we’ll be back with the BiggerPockets podcast. Alright, we’re back with Chris.

Chris:
Well, I tell people there’s two questions that you have to ask in turnkey real estate. The first one is how, and the second one is why. And what I mean by that is, okay, I’m going to buy this property from you and I’m talking true turnkey, meaning you can hire their management company to manage this asset for you. So there’s again, one point of contact, one source of truth. How are you going to make this property perform

Speaker 3:
And

Chris:
Why do you think it’ll perform the way you’re telling me? And those are the two most important things, and I say that because of this. A management company makes their money no matter how they want to say it, they make their money on turnovers. Your property has to go vacant in order for them to make money because a majority of the income comes from the lease up fees. Everything else, the 8%, 10%, 12%, whatever our company keeps of the monthly rent, it’s a pittance compared to the lease up. Again, I’m in the middle of it. We manage 8,000 homes, so I know exactly how the math works when you buy from a fully integrated turnkey company and you said you were going to ask me this question and I’m going to tell you,

Speaker 3:
Yeah,

Chris:
If they know how to make money, meaning they are successful, you want your turnkey company to be profitable. The last thing you want is for them not to be profitable because then they’re gone. So if they know how to be profitable, they subsidize income through home sales, so they’re able to buy at a discount, get work done, and leave enough of a spread where they can sell the property where without gouging the investor and so they can make money but still deliver a serviceable product that the investor will not lose on.

Dave:
It’s sort of like flipping, right? You’re buying at a discount, you’re renovating, and then you’re selling it to an investor at a fair price, and that’s how the turnkey company makes money and is still able to provide the investor with a good enough deal that they too can earn a fair profit.

Chris:
You nailed it. It has to be, I don’t like the verbiage of win-win for everybody, but the reality is that if the investor wins, you win. If you priced it properly where you’re not, you can cover your overhead, you can make a living, you can hire your team and innovate and grow, and they win as well. They’re coming back to buy more. That part of the equation is true, but here’s the deal. If they own the management company, then they no longer have to rely on turnovers. So how can really high quality, and it’s not just there are multiple high quality turnkey companies. How can they provide the best services? Well, it’s all going to be in the management and renovation. Those are the only two places in real estate that they can make a difference and make a property perform better. If you renovate a property properly on the front end, you save costs, especially in the first seven to 10 years of ownership.

Chris:
And then if you are really good at the management, you can increase occupancy and length of occupancy and hold down maintenance costs, especially in those first, like I said, seven to 10 years. Those are the only two differentiators you can really force into real estate to try and make it perform better for that first period of time, and I use the term seven to 10 years that poorly renovated properties expenses are going to come earlier, doesn’t really matter. It’s coming and poorly managed properties will suffer more turnover and higher costs, and that happens in all real estate. That doesn’t matter if it’s turnkey or you do it yourself, doesn’t matter. Those two things drive up costs, and so if you get a good turnkey company that’s fully integrated that has all of those services in house, how are you going to make this property? What do you do different that

Chris:
Will make this have a longer occupancy or fewer expenses? If they just say, well, we’re just really good at it. I mean, ask more questions. But if they can point to this is precisely how we do this and they have a track record to back it up, that’s going to be the difference maker in turnkey because otherwise, as we said earlier, turnkey is meant as a protection of your money. You should never lose in real estate period, but when you’re buying turnkey and you’re so passive, you buy from a company that there’s a high probability you’re not going to lose. Now how can I force a return? They’re really good at what they do. That’s it.

Dave:
Thank you. Well, you beat me to it. I was going to ask you about how to create mutual incentive between investor and company, because I think a lot about that. I deal with this with my property managers all the time. Their incentive is to turn properties over. I’ve figured out how to give them retention bonuses instead to incentivize them to keep people, and a lot more operators are doing this now, but this is just, it’s such a good point. Regardless of your turnkey or not, just figuring out the way that you and a company both win together. I know it’s such a cliche thing, but it really is true that whether it’s you’re working with a contractor or a property manager, find a way that you both benefit from the same thing is going to help you go so far in this industry.

Chris:
I agree.

Dave:
Chris, we do have to wrap up soon, but I wanted to ask you to finish your thought. You started telling us about what a good deal looks like, especially we’re ending 2024, we’re heading into 2025. You told us a little bit about what the buy box should look like, but what does a good return look like in 2025? Someone wants to get into turnkey,

Chris:
So given the state of the market, the state of borrowing costs and where we are, if you can get a consistent and reliable cash on cash of six and a half to eight, eight, I mean, you’re hitting home runs. There’s nothing wrong with five and a half today on a highly reliable property.

Dave:
That is pretty good, man. That’s higher than I thought you were going to say.

Chris:
Well, those are no-brainers and every bit lower that you go, it has to come with success. It has to become some level of advantage for you, and so you go up in price point, those returns come down, but going up in price point, your advantage is for every percent of appreciation, it’s more dollars, and so it’s going to come down as you go up in price point. The other thing that I think success looks like today is if you’re with a company that is successful at length of occupancy, at being able to extend and hold down your move out, so they’re just really good at what they do, doesn’t mean you’re getting rent increases, but you’re not suffering move outs. That’s what you’re looking for.

Dave:
Vacancy crushes you. Yep.

Chris:
Yes. That’s

Dave:
The worst. Once you’re in this business long enough, you stopped caring about rent increases, you care about vacancy

Chris:
100%. It’s reliable, consistent revenue,

Dave:
And it’s better for the tenant win-win situation. That’s just a better situation for everyone.

Chris:
So as an investor, what does successful turnkey look like? One, it’s medium priced homes. You’re investing there and you’re investing with somebody that can demonstrate to you that they can keep your property occupied. Those are the two big things. Properties don’t stay occupied if they’re not well renovated and they’re not well managed. Those are the two things passive, turnkey investors need to focus on. I need to be buying in the right price points, and if I don’t have enough capital, wait, you’re not going to miss out. Believe me, anybody that says, you have to buy this today or you’ll no wrong, move away from that person. You do not have to be in a hurry.

Dave:
That’s great advice. Yeah. I think that especially now, the market is weird right now, but you could take your time. Things aren’t moving as quickly as they were a couple of years ago, and you should, whether it’s turnkey or not, be comfortable and with whatever deal that you want to do. As Chris said, the main goal is not to lose money, and real estate’s pretty forgiving, but one of the few ways you can lose money is if you rush into a deal before you really understand what you’re

Chris:
Buying. Yeah. Work with companies directly. There are no shortcuts to this. There’s nobody out there that has the magic crystal ball. The reality is that if you’re going to buy far from where you are, you need either a really, really good agent and somebody that has a fiduciary responsibility to perform for you, or you need a high quality turnkey company. What you don’t need is a consultant to tell you those two answers. And I say that because again, it just goes back to the whole thing of turnkey. It’s spun off into all these cottage industries today, and there’s turnkey for everything, but what you don’t need is a turnkey coach to hold your hand and tell you how to buy turnkey.

Dave:
Yeah. It’s kind of like the opposite of what it’s meant to be. Right? If you need a coach to tell you to buy turnkey, it’s not turnkey.

Chris:
Yeah. If you look up and you say, how is this person making money and they’re making money off of me instead of making money with me, then

Dave:
That’s a good way to

Chris:
Say it. You don’t need that. You don’t need that person. Yeah. That’s a very good way to say it.

Dave:
Well, Chris, this is great. Thank you so much for joining us for your fifth time on the BiggerPockets podcast. Congrats, and thank you so much for being such a great member of the BiggerPockets community for so long. If you want to learn more from Chris, just go to biggerpockets.com and you can see literally tens of thousands of things that he’s contributed to our community for free. Chris, thanks again, man.

Chris:
Hey, thank you for having me. We’ll see you soon,

Dave:
And thank you all so much for listening to this episode of the BiggerPockets Pocket. We’ll see you next time.

 

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