I need your help! Should I do this?

[Engelo Rumora]

G'Day everyone,

Over the years, I've joked around quite a bit with this topic as a "click bait" heading but no jokes this time.

I've seen a common trend with many of you believing that you can successfully invest in Toledo from out of state without buying turnkey.

Unfortunately, I don't think you can but who am I to judge.

I even composed a guide with my team about Why You Should NEVER Finance, BRRR, or DIY Out of State Unless You Are Buying Turnkey

Long of the short is this:

1. You are mostly likely only buying deals from the MLS or a **** wholesaler that over-inflates the ARV.
2. Your contractor is delivering an over the top rehab and you are overcapitalizing on the product.
3. Your property manager is killing you with fee's and there is no responsibility from anyone (Realtor, Contractor or PM) as everyone is pointing the finger at one another.

Am I right?

I won't even touch on the time you spend "networking", sourcing deals, project managing rehabs, etc...

Not just that, but you end of being into a deal for 30% if not more that you would if you just bought a turnkey property from Ohio Cashflow.

But hey, suit yourself and do what you think is best.

Just as I am considering now what is best for Ohio Cashflow.

We are playing with the idea of closing our doors to all new investors and only focusing on our existing investor base.

Not only that, we would only consider taking on new investors that want to invest a minimum of $250,000 in our turnkey properties (We will update our investor application and nobody will be able to submit the form unless they can show a proof of funds with a minimum of $250,000)

Why? Because we have found that the most unsatisfied and problematic investors are those that buy 1 or 2 properties and expect miracles.

For many years now I have preached that in order to succeed when investing in sub $100,000 cash-flowing Toledo properties, you have to build a large portfolio.

Buying 1 or 2 properties isn't worth the headache or risk for neither you nor us.

With this new structure in place, we will go above and beyond for our existing investors by offering a turnkey product for below market value.

Yep, full renovated, tenanted, in B class areas, offering 10% net returns or better that are fully turnkey for substantially below market value...

I've been offering turnkey properties since 2014 and Ohio Cashflow is one of the rare true turnkey providers that is still around and have lived long enough to fight another day.

That should say something.

With all that said, I don't know any other turnkey provider nationwide that can offer true turnkey properties for below market value.

Do you?

How can we offer true turnkey properties for below market value? It's simple, we reduce the amount of deals we sell, we only work with limited and loyal investors, we negotiate harder on the price and we compromise on our profit margin.

Why would we do this? It's also simple, because less is more and I'd rather focus on a select few with genuine and aggressive growth intentions than others with non realistic expectation.

As for the rest of the crowd, I'm sorry and by my guest by continuing to pay $40,000 - $50,000 (A few "little birdies" in town told me that's how much most of you spend) for rehabs and trying to do it all by yourself.

What do you think?

Am I out of line with this way of thinking?

Why?

Regards,
Engelo Rumora