New Turnkey Investor Looking for Input on Analysis (Cicero, IN)

[Alex Longinidis]

Hello!  

I've been looking into investing for a long time trying to figure out what the right strategy for me is.  I've finally decided to try turnkey investing as it seems to make the most sense for me at this time as a way to just get into investing.  I've been analyzing properties that Rent to Retirement has in their inventory but I want to make sure I'm doing it the right way.  

Is there anyone in the Cicero, IN market that would be able to help me figure out if the numbers I'm running are good estimations or way off?  They have pro formas for each property but I'd like to approach with more conservative estimates, as well as getting inputs from investors in that market if possible.

I didn't want to just post the numbers here as I'm not sure if RTR want to disclose the info but I can PM my work to anyone willing to assist me.

All the best,

Alex Longinidis

[Shash M.]

Hello,

I'll be happy to take a look at it for you. Please PM me the details.

Thanks.

[Zach Lemaster]

@Alex Longinidis

Thanks for the interest.  Of course we are happy to provide specific data with you.  It's always good practice to run your own numbers, but also know why you inputing the numbers you are.  There are numbers that are variable, and numbers that are not.  Things like rent, mngt, tax, insurance, etc. are fixed numbers are known.  Items like vacancy, future maintenance reserves, etc. can be variable along with your mortgage numbers depending on what financing you obtain.  Just wanted to add clarity on this.  Also, please keep in mind that if you are asking a local property manager or agent outside of our network, they very well could try to steer you away from route in effort to do business with them directly instead of RTR.  They would not be providing you with an unbiased answer.  I think it's important to point that out along with letting you know we have data to reinforce the numbers showcased like actual insurance quotes, leases, mngt contracts, etc.  Feel free to reach out at any point with any questions as we are happy to sort through this with you.

[Alex Longinidis]

@Zach Lemaster 

Thank you very much for your time, I know you must be very busy.  I'll be sure to reach out to address any questions!

[Matthew Ford]

Hi @Alex Longinidis

I'm with a local pm/brokerage group here in Indianapolis. We work with a lot of seasoned investors and help guide a lot of new investors entering the greater Indy market. I would be happy to set up a zoom call to run your strategy through our tools and see if they produce a similar result!