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Updated 3 months ago on . Most recent reply

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Arch Stanton
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4
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Thoughts on turnkey 5.5% cap with little cashflow with 70% LTV, Little Rock AR

Arch Stanton
Posted

Forgive my rookie question. Investing OOS for the first time, and using a TK provider for the first time.

I understand I'll be paying (significantly) more for a TK provider home. I was offered some of their properties, and at 30% down I am barely cashflowing. Cap rate is about 5.5%, but cash flow is less than 100 USD per month.

The TK provider is well known here on BP, and they are known to have a decent tenant management.

As it's my first time investing OOS, would appreciate someone to weigh in? The team members I've worked with are super nice, but I have to ask, are there significantly better turn key provider deals to be had with a little more patience/perhaps better expectations set from me?

For details: One example property is a SFH, south west of Little Rock (close to 430 and 30 intersection), price is 230. Neighborhood B

Thank you

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