Indy: Real Wealth Advisors

[Anu G.]

Has anyone worked with RWA (http://rwaproperties.com)? I flew out there and drove around with them and they seem to be totally solid.  Just want to get a second opinion before I get a turnkey from them.

[Matthew Schroeder]

I am not familiar with the company specifically but I would just say that out-of-state investors (particularly from California) who are looking at turn key properties are often enticed by the "pro-forma" cash flow projections & sometimes do not put enough focus on the sales comparables (i.e. what is the 'true market value' of the property at Day 1 & how does that relate to how much I paid).  The often quoted first rule of real estate investment is "make money when you buy" - make sure you do that.  It is tricky in Indianapolis because, as many people say, it can really be street-by-street, so a supposed "comp" 4 blocks away may not, in fact, be a "comp".

P.S.:  Burbank airport is great!  You land, and you are in & out of the airport in 10 minutes.  Can't beat it.