Investor · Saint Joseph, MI · Member since 2015 · 93 posts · 50 votes
9y
Hey @Jun Ku, I started buying turnkey in Indianapolis exactly a year ago, and now control over 100 units. My first 2 turnkey buys with other companies did not go well, so I'm glad I didn't give up on it and 3rd time was a charm. I was so thrilled with my experience and my ROI I started referring my friends and colleagues, and then that went so well I partnered with my turnkey provider and I help other investors build portfolios. You can check out my website to look at sample deals, and there's a link on my calendar to book a Strategy call as well. In any event, good luck with your search!
Realtor · New Berlin, WI · Member since 2016 · 118 posts · 47 votes
9y
@Jun Ku Welcome to BP! Sounds like you have a plan and strategy in place, which is the most important part of starting out. I am a realtor in Milwaukee - feel free to reach out any time if you have questions about the local market or need help. There are numerous investors from Illinois, and some even come to the local investor's meetings. @Brie Schmidt is from Chicago and has multiple holdings in Milwaukee - make sure to check out her and her company.
Real Estate Agent · Indianapolis, IN · Member since 2012 · 20 posts · 13 votes
9y
I live & invest in Indianapolis. I have seen several investors have bad experiences with turnkey companies. I'm glad Jack is having a good experience, but please go slowly and have trusted advisers help you review the deals. The typical issues I've seen with turnkey companies is 1) priced too high often because of inflated commission and wholesale margins, 2) poor renovation work and 3) poor management. This can be a successful model but it is not completely hands-off.
Real Estate Coach · Venice Beach, CA · Member since 2012 · 6k+ posts · 3k+ votes
9y
Hi Jun! I know a great provider in Indy but if you live in Chicago, there are great turnkeys there as well. Any reason for wanting to go to the Midwest?