Im looking to use RP Capital and/or Memphis invest. Advice???

Question

I have been looking into making my first investment property purchase (SFR). I have narrowed it down to RP Capitol (Ron Phillips) and Memphis invest as turnkey/semi turnkey companies. Both have pros and cons. However, I am still trying to find someone who has worked with RP Capitol to setup their investment property and property manager. Anyone have any thought or advise? Or maybe has utilized both of these companies? Thanks in advance.

Jared Adamson · Answer

I have purchased 3 properties through them during a 1031 exchange. Everything went very well so far. They hooked me up with a fantastic 1031 Exchange company, lender and local property manager.  I would highly recommend them.

Hannah Meksch · Answer

I just got off the phone with them.  Their properties run roughly 10-25% Cash on Cash return and 7-11% CAP rate. I don't love that they only have one picture of the property on their website.  The rep said it was because they move so fast....not sure how true that is. So maybe because I haven't worked extensively with them, it's hard for me to see one picture of a property, make a decision in a few hours because the market it so "hot", and feel good about having done my due diligence based on the info I have. Am I being skeptical? I just think you can never have too much information on a property and I don't want to have to go and ask for things that I feel should be out in the open.   PS When I asked, the rep didn't know what Bigger Pockets was! That's sort of funny, sort of a red flag for me.

K. F. · Answer

@ Hannah Meksch

I'm working with RPC invest (Ron Phillips) company...

Ask them to set-up a profile for you so that you can get more details about the properties that you are looking at.

Rehab house has the scope of work listed.

More pics and etc ...

Look to buy my 1st before Dec. and cost segregation for taxes

Hope this informing help out

Cheer cheer

Patrick Henry · Answer

@Vic Hartounian

@Brian Baird

I did a deal on my own, in an area I have invested in previously, and am saving for the next one shortly. I did not use RP yet, but did vet them as a company along with Memphis Invest to possibly use in the future. The area I last Invested in is starting to price out so the numbers are not moving out of the range I would like. So I may use them for my next purchase depending on the circumstances and properties they have at that time. Good Luck!

Vic Hartounian · Answer

@Patrick Henry

Did you ever invest with rp capitol ? Like to hear your feedback. I’m thinking to invest with them as well.

Angela Thomas · Answer

Hey Patrick,

Happy to connect you with some of our clients if that would help you in your research. Let me know how I can help!

Patrick Henry · Answer

Not yet. I was able to speak with another investor that used them and gave them a good review. I try to speak with at least three people that have used them before I add them to my list of businesses I use (researched and passed my criteria). Right now I am busy with a transaction, but plan on moving forward in reviewing them in the future.

good luck

Andrew Smith · Answer

Hey Brian

I am also looking at RP Capital. Did you move forward with them?

Patrick Henry · Answer

@Ali Boone RP Capital is a company that finds deals (turnkey) in various areas of the country. There numbers on properties look good from what I have seen. They also are known for/as the Wealth Accelerator system. The main face behind them is Ron Phillips (never spoken with him though) they are based out of Utah but do business where the numbers work well. Thanks for the advice on Memphis Invest.

James Wachob · Answer

@Patrick Henry The key is to find a great team! Ideally you would find a company that has everything under one roof. Acquisitions team, renovation crews (fully licensed and insured), Property Management, and a Real Estate Investment Brokerage in case you ever decide to sell.

By teaming up with a solid firm you can mitigate your risk and have some "boots on the ground" that have your best interest in mind.

Im looking to use RP Capital and/or Memphis invest. Advice???

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