First property through turnkey provider. Thanks to BP!

First property through turnkey provider. Thanks to BP!

Investor · Honolulu, HI · Member since 2016 · 362 posts · 93 votes

Aloha BP!

I just want to let everyone on BP know that I'm super stoked in acquiring my first RE property through a TK provider and this would have never been possible had I never stumbled onto BP. Chatting with members, converting colleagues into mentors, religiously browsing the forums, asking the questions that seem dumb, and never being judged by anyone here has helped me get to this point.

The lender I will be working with said my numbers look good to be pre-approved for my first property. Now I'm working with my TK provider to start looking into properties that fit my criteria, getting it under contract, then wait for the rehab to be complete, and move tenant(s) in to start receiving cash flow.

My plan is acquire at least 10 properties to replace my monthly expenses multiplied five times. My children are very young and I want to account for the expenses they will incur when they get older (sporting events, eating more food, school expenses, etc). As for now, I'm sticking with SFH but eventually would like to venture down the MFH or apartment complex road. But those will come later as I gain more experience and hopefully network with a partner or mentor (which I am still looking for). Then, who knows what will happen next?

Reading the book "The One Thing", I realize that in pursuing goals, we should think about something or someone much bigger than ourselves. When I put that into perspective as to why am I doing this, it becomes more obvious that my family is my priority and anything I can do to better their future, I will do my best to achieve it. When I was younger, all I thought about was myself and that's why I didn't achieve some of the goals I had back then. But now, I KNOW that I will achieve financial success because my family depends on it. This place really is the one-stop-shop for anything and everything real estate and I thank you all, again, from the bottom of my heart for helping get to this point. ALOHA!

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  • Forestdale, MA · Member since 2015 · 18 posts · 3 votes
    10y

    I miss the island so much!!! Let me know how it works out for you.  I am looking to do turnkey as well but a little nervous to make the plunge.  Keep us in the loop!  Mahalo!!!

  • Rental Property Investor · Honolulu, HAWAII (HI) · Member since 2011 · 4k+ posts · 2k+ votes
    10y
    Yay.
  • Investor · Honolulu, HI · Member since 2016 · 362 posts · 93 votes
    10y

    Sure thing @Dustin Costa. You used to live in the islands or just visited?

    Yay x2 @Lane Kawaoka

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

    Nice! Congrats! I remember my first turnkey...I was pumped :)

    What market are you buying in?

  • Yucaipa, CA · Member since 2015 · 17 posts · 5 votes
    10y
    Congratulations. I am also interested in turnkey investments and would love to hear the details. You have a great easy to read writing style!
  • Investor · Honolulu, HI · Member since 2016 · 362 posts · 93 votes
    10y

    @Ali Boone I'm looking in the Memphis area. It's nervousness and excitement all in one package when I think about the possibilities of owning real estate, but that's the thrill that will push me to greater heights I didn't think were achievable. By the way, I sent you a request to chat more about your experiences with real estate. I hope we can connect.

    @Andrew Choi thanks for the kinds words. I'm definitely not a major in English at all but I know that the more I type, the better I will get at expressing my ideas to everyone here.

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

    You can find success in our market, make sure you check out the reputable companies here. Good luck!! 

    Curt Davis - KAIZEN Realty538 Reviews
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