Turnkey Investment from JWB (Foreign Invester)

[Willem Botha]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $255,000
Cash invested: $91,202

4 Bedroom, 2 Bathroom with Garage (New Build) - Purchased this one with a partner (50/50)

What made you interested in investing in this type of deal?

Excellent turnkey provider with new build inventory.

How did you find this deal and how did you negotiate it?

Doing ongoing research for years. Finding the "correct" turnkey provider is essential.
Listening to their podcast twice a week (Not your Average Inverter Show - JWB).
Made contact and "picked" a property.

How did you finance this deal?

JWB only allows their approved lenders. With effort and good communication from all parties involved everything was done remotely with me in South Africa.

How did you add value to the deal?

None / New Build

What was the outcome?

Excellent - Good turnkey provider is the ONLY way for me as a foreign investor to have peace of mind.

Lessons learned? Challenges?

Communication is key. This was my first deal with a 30 Year fixed mortgage and the paperwork was the biggest challenge. Having good records, bank history and reserve funds are all essential elements to successfully close the deal.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

JWB - All the parties involved are approved and recommended by them.