Torcana Ltd? any insights?

[Ruei-Jiun H.]

Hi everyone,

I am an out of state investor, primarily buying single family house from turnkey company. I came across Torcana, it looks like most of the property have 1% RV ratio? They are in the Tampa, FL market. Does anyone have any experience with them? 

Thanks,

RJ

[Colin G Murphy]

Hello everybody 

Appreciate all the comments on our firm. 

@Ruei-Jiun H.: Great talking to you earlier and hope to have some interesting opportunities to show you very soon. 

@Kevin Darrell: Really sorry we weren´t able to meet you this time around - literally any other week in the past couple of months would have been fine, but next week is just completely packed. Hope to catch you again in the New Year! 

@Peter Comb, @Chris Battle: thank you very much for this feedback, it means a lot to us

@Michael Haynes: As Peter alluded to, we think there are some great neighborhoods in West Pasco for cash flowing rentals. Some are working class areas, but I would consider most of the neighborhoods we´ve bought in to be lower middle class (nurses, teachers, government workers etc.) Average rents would be in the $1,000 - $1,150 range. 

We aren´t wholesalers, so we would not buy a property at $50k and then turn around and list it for $70-80k without doing anything. Our niche is selling renovated properties to investors, particularly out of state and overseas ones. Most of our homes would have new roofs, HVAC, kitchens, floors, paint and updated bathrooms before they were resold. We make our margins on the buy side, not the sell side, so we invest in direct mail campaigns, we buy at public auctions, short sales, wholesalers etc. It´s a full time job :-)