TK recommendations for new construction

[Chris Ross]

Hello,

First post but frequent visitor to these forums.   With all of the TK companies out there now I’m curious if anyone has any recommendations based on what I’m looking for.  I’m in a good position to invest now although I’m not sure it’s the best time given the interest rates. 

1.  TK, preferably new construction in sunbelt region or OH

2.  Looking for a very good school district 

3.  Positive experience with TK PM 

4. Positive CoC day 1. I understand the more passive, the less positive cash flow but for a first investment property this would be my preference.

I've looked into R2R, Roofstock, Doorvest, REI nation. But most properties are not new construction and from what I can tell not favorable neighborhoods or schools. Doorvest seems attractive to me given how passive it is but I'm skeptical of their property management.

If anyone has recommendations based on positive or negative experiences, I’d appreciate it. 

Thanks

[Grant McMillan]

@Chris Ross

Thanks for the interest. I don't know Doorvest. RS is simply an online marketplace like Zillow with no involvement post transaction. REI does a good job, and of course, I know RTR does an excellent job. Actually at RTR, the majority of what we do is BTR (build to rent) new construction in A and B locations that are positioned for growth and still have cash flow. We have made this transition over the past decade as we feel new construction in good locations has many benefits over older homes in C or lower locations. We also have some unique options available like 2.99% seller financing or investor loans with as little as 5% down. Those would be good things to learn about to consider. RTR also has an excellent reputation on BP and in general if you read reviews. Hope this helps in your search.

Here are some other BP forms that might be good to look at to get more information:

https://www.biggerpockets.com/users/ZacharyCole/references

https://www.biggerpockets.com/forums/92/topics/765347-rent-to-retirement-review

https://www.biggerpockets.com/forums/92/topics/1116050-a-huge-win-with-cori-from-rent-to-retirement

https://www.biggerpockets.com/forums/44/topics/1058814-first-time-with-new-construction-cape-coral-fl?highlight_post=6055029&page=1

https://www.biggerpockets.com/forums/850/topics/895660-my-first-investment-property-an-out-of-state-deal

https://www.biggerpockets.com/forums/88/topics/1047543-big-profits-from-new-construction-sfr-build-in-cape-coral-fl

https://www.biggerpockets.com/forums/92/topics/983659-first-investment-property-with-rent-to-retirement?highlight_post=5677176&page=1#p5677176

https://www.biggerpockets.com/forums/12/topics/1122318-quality-turnkey-companies?highlight_post=6413855&page=1

https://www.biggerpockets.com/co/RentToRetirement

https://www.biggerpockets.com/forums/92/topics/929410-rent-to-retirement-updates?highlight_post=5508807&page=1#p5508807

https://www.biggerpockets.com/forums/92/topics/893621-rent-to-retirement-review?highlight_post=5222888&page=1#p5222888

https://www.biggerpockets.com/forums/311/topics/915728-experience-with-rent-to-retirement-turnkey?page=1#p5345200

https://www.biggerpockets.com/forums/92/topics/808479-rent-to-retirement-experiences

https://www.biggerpockets.com/forums/92/topics/518583-feedback-on-renttoretirement-and-zach-lemaster?highlight_post=6192149&page=4&utm_source=Iterable&utm_medium=email&utm_campaign=Transactional:%20topic_notification_V2&utm_channel=28426&utm_content=Marketing

https://www.biggerpockets.com/forums/67/topics/952977-turnkey-in-indianapolis-through-rtr-case-study

https://www.biggerpockets.com/forums/12/topics/997350-lessons-learned-from-buying-my-first-rental-property?highlight_post=5748036&page=1#p5748036