Looking for proven provider of turnkey multi-family units

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Looking for proven provider of turnkey multi-family units

Account Closed
Investor · Mandeville, LA · Member since 2016 · 41 posts · 14 votes

I am looking to get into multi-family rental properties. My preference is to obtain some turnkey properties. Where do I find good proven providers of turnkey properties? Anyone have recommendations of companies from whom you have bought good deals?

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Curt DavisBusiness Member
Flipper/Rehabber · Memphis, TN · Member since 2008 · 5k+ posts · 2k+ votes
10y

@Account Closed

If its multi-family you are looking for get in touch with @Alex Craig who offers turnkey multi family in Little Rock AR.  

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  • Curt DavisBusiness Member
    Flipper/Rehabber · Memphis, TN · Member since 2008 · 5k+ posts · 2k+ votes
    10y

    @Account Closed

    If its multi-family you are looking for get in touch with @Alex Craig who offers turnkey multi family in Little Rock AR.  

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  • JR Hinds
    Investor · Portland, OR · Member since 2014 · 146 posts · 101 votes
    10y

    Check out turnkey-reviews.com. They have reviews of a lot of the TK providers and Brie has a podcast where she interviews investors.

    1Reply
  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    10y

    there is a nice selection of multi family in Chicago that is turn key... as much of the resi areas were built in 2 and 4 flats...

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  • Andrew Wydra
    Professional · Chicago, IL · Member since 2015 · 32 posts · 9 votes
    10y

    Hi Connely,

    Are you looking purchase and have the company manage it for you? Or are you looking to self manage? 

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  • Account Closed
    OP
    Investor · Mandeville, LA · Member since 2016 · 41 posts · 14 votes
    10y

    JR, Thank you for the resource. I am going to check it out.

    Andrew, I am looking to purchase and have the company manage the property.

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  • Ali Boone
    Real Estate Coach · Venice Beach, CA · Member since 2012 · 6k+ posts · 3k+ votes
    10y

    Of all the turnkeys I work with, the only MFR turnkeys I know of are in Philly and Chicago. Both great markets and good turnkey providers...pretty different price ranges (Chicago being more expensive but bigger properties too). Both providers fully gut the MFRs and redevelop, versus cosmetic rehabs. The Philly ones too have the option of you funding the purchase and rehab and then banking the forced appreciation, while the turnkey guys do all the work. But they offer fully-performing turnkeys as well.

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  • Account Closed
    Investor · Tempe, AZ · Member since 2015 · 65 posts · 31 votes
    10y

    Why do you want to get into multi-families as opposed to SFRs?

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  • Federico Gutierrez
    Realtor · Cleveland, OH · Member since 2015 · 2k+ posts · 857 votes
    10y

    Look on the market place? Companies advertise there.

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  • Andrew Wydra
    Professional · Chicago, IL · Member since 2015 · 32 posts · 9 votes
    10y

    Connelly, 

    Touch base with @Brian Moore. He is a fellow BP member that does multi family projects here in Chicago. Could be a  good connection for you. 

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  • Account Closed
    OP
    Investor · Mandeville, LA · Member since 2016 · 41 posts · 14 votes
    10y

    Michael, I have not been successful finding SFRs in my area that cash flow well for rentals. One of the big hurdles here is insurance costs on non-owner occupied SFRs. SFRs are good flips here, and I do those whenever I can.

    Also, a few good multi-family units will provide good cash flow.

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  • Derrick Craig
    Memphis, TN · Member since 2013 · 969 posts · 524 votes
    10y

    @Account Closed

    Are you looking to finance the MF purchase? If so what company or hard money lender do you use to get them done?

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  • Larry Fried
    Investor/RE Broker · Eugene, OR · Member since 2014 · 3k+ posts · 968 votes
    10y

    @Account Closed  Best small multis (2-4 units) for turnkey buyers are hands down in Chicago IMHO.  Two providers there are doing full gut rehabbed with beautiful "condo" like finishes and great bones (mostly brick or flagstone).  These are mostly rented out to Section 8 tenants.

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  • Account Closed
    OP
    Investor · Mandeville, LA · Member since 2016 · 41 posts · 14 votes
    10y

    @Larry Fried Do you have someone you have worked with and trust in Chicago?

    Larry Fried

    Larry Fried

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  • Account Closed
    OP
    Investor · Mandeville, LA · Member since 2016 · 41 posts · 14 votes
    10y

    @Derrick Craig Financing options are still open at this point. In state, I'll go through local banks. For the out of state properties, I'll probably need to go with crowd-sourcing or a company like Lima One Capital.

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  • Larry Fried
    Investor/RE Broker · Eugene, OR · Member since 2014 · 3k+ posts · 968 votes
    10y
    Originally posted by @Account Closed:

    @Larry Fried Do you have someone you have worked with and trust in Chicago?

    Larry Fried

    Larry Fried

     Yes Connelly, I'll PM you.

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  • Account Closed
    OP
    Investor · Mandeville, LA · Member since 2016 · 41 posts · 14 votes
    10y

    @Larry Fried

    No, I don't. Do you have a recommendation?

    0Reply
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