Any one have experience with Third Axis Investments out of KCMO

[Dan Tsunekawa]

I spoke on the phone today with Third Axis Investments out of Kansas City today. They have a slightly different spin on turnkey investing. They source the deals with the investor. They investor puts up money for cash offer and the money for the rehab. Third Axis uses their contacts and volume to oversee the project and take a flat consulting fee. Weekly videos and updates are sent to the investor during the rehab. Once it is complete they have property management in place to finish the process.

Typically they find deals with built in equity. ie buy for $80k add $20k rehab, ARV $120k. So even after a 6k-8k fee, there is still 10k of equity in the deal. Also since the investor fronts the cash for the deal, there is no hard money fees passed on to the investor.

Obviously there is more risk. But the idea of BRRR from afar is pretty appealing if you have the upfront cash to make the deal.

Has anyone had dealings with this company?

I've asked them to start sending me deals to analyze.

[Sheryl Sitman]

I am working in a similar way in the Philly area. I find you an investment within your budget and take care of the entire process until you have a rehabbed home with tenants. ROI is 9-12%. You enjoy the immediate apprecation of an ARV value well over your investment (working on one now where total investment for the investor is max $115 and a house just sold around the corner for $200k ... Lots of good opportunities in Philly - a stable, growing and improving market. Everything is transparent and the team is a bunch of good honest hardworking people. Nothing slick like some of the turnkey I have run into in the past.