Help Finding Brandon Turner-Recommended Properties

[Pranshu Adavadkar]

Can I get your input on something? Brandon Turner says that positive cash flow from day one is a must to build successful RE business. He says tax benefits and appreciation are just icing on the cake. If expenses are considered 50% of the income (his estimate), mortgage and property taxes has to be less than 50% of the rental income to have positive cash flow. If down payment is 25%, I am not sure how likely that is possible in regular market. Are you seeing any such properties?
I guess the only way to satisfy those requirements is to get bank owned or foreclosured properties. In fact, Brandon says that almost all of his properties are just that.
So that begs a question, how do we find those properties and what it takes to acquire them?
I appreciate your thoughts.

[John Warren]

@Pranshu Adavadkar one of the dangers of listening to old podcasts is that they have very, very outdated information. I am pretty sure Brandon Turner no longer owns most/any of the properties he purchased as he has moved into bigger and better deals. I do know that pretty much no deal I have ever purchased has cash flowed much/if at all from day one unless I did some work. The only outlier to this might have been my first one in 2015, but since then I have always had to do some work to get thing stabilized for at least the first 4 to 6 months.