All Forum Posts by: Alpesh Parmar

Just reading this thread now, did you reach out to First Investor Realty? Wondering how you got on with them? Im in a similar boat to you, looking for turnkey properties for sale in order to buy and hold for rentals.

Regards

Regina,

I didn't reach out to them yet. Let me know if you did and what you think of them.

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Charlotte, North Carolina

I like mentor ship programs but I am also against paying $20-30K to work with just one mentor.

I ave paid around $10K for programs from Michael Blank, Rod Khleif, Think Multifamily, Tom Wheelwright and many more. I learned form books, podcasts and some of these programs plus conferences. I continue to invest in my education but I don't want to be tied with one group or one mentor.

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@Twana Rasoul Then I don't see this being a good investment. I don't like to get emotional @ investments. I live in SF bay area (one of the most expensive markets) and I don't invest in California. I am not emotional @ bay area or any of the CA markets or properties. Appreciation is speculative and I don't think anyone can predict that when they are ready to sell, property prices would have gone up. I have seen many investors here in bay area lose their shirts during 2009 crash when they were over leveraged.

1 Vote

Originally posted by @Twana Rasoul:

So I'm in the process of trying to sell my Single Family Homes in the Midwest (Springfield IL) in order to purchase another property here in San Diego (occupied 2-4) unit that will be around $0 cashflow at best, assuming all units rented, including the one I'd be occupying.

seems like I'm doing the exact opposite of what investors on here are doing. Feels like everyone else is avoiding prime locations (Los Angeles, San Jose, Seattle, New York, etc.) with no cashflow and targeting cashflow locations in the Midwest, South, etc.

is anyone else doing this by any chance? or am I just crazy and on this island alone?

Do you need the money now or later? Are you 100% sure that when you decide to sell the San Diego property, it would have appreciated? I am not sure if you mentioned but would you be occupying one unit and not pay rent to yourself? If you are house hacking and your P&I plus repair is covered by other tenants, this may be a good deal.

1 Vote

Originally posted by @Bo Kim:

@Alpesh Parmar Let me know who you find out in Cincinnati!

Of course, Bo. :)

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Cincinnati, Ohio

Originally posted by @Tom Ott:

Originally posted by @Alpesh Parmar:

Hi Everyone,

Hope Everyone is having a great day. I am currently invested in Atlanta, Birmingham and Dallas markets. I am looking for PM and TKP in Cincinnati market.

Please let me know if you can recommend anyone.

Regards,

Alpesh

Working with a Turnkey Provider can be a great way to earn passive income.

I always suggest making sure they are a REAL Provider. They should own the property first, renovate it, sell it to you with a tenant in place, and do all of the management in house. The only third party involved should be your home inspection. They should not push you off on some management company after closing.

Try looking at:

What to Ask When Working With a Turnkey Provider

and

The Best Types of Markets for Profitable Turnkey Properties

Personally, I have seen conflict of interest so I don't keep PM with the TKP. I prefer to have third-party PM which is chosen by me.

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Cincinnati, Ohio

Originally posted by @Vijaianand Thirunageswaram:

Are you looking for developers or promoters who does turn key properties? or are you looking for turn key rental opportunities.

None of them. I want to connect with Turnkey Rental Provider.

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Houston, Texas

Originally posted by @Brian G.:

@Alpesh Parmar would love to talk sometime. I’m considering the same strategy and would love to hear any lessons/pitfalls you’ve gained. Will pm you.

Sure Brian.

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Originally posted by @Rose Jones:

Does it have to be in Houston? It is ok if it does, but it seems to me if it is turnkey it could be anywhere.

Has to be Houston. It does matter where the property is.

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Houston, Texas

Originally posted by @Matthew Nicklin:

@Alpesh Parmar Any particular area? I only know a few Turn Key Providers around the Atlanta area. They dont seem to be as common as they are in the midwest. I also have a Turn Key Provider in Birmingham I met last month, I can send you his info but I have never done business with them.

Thanks. All of Atlanta is fine. I have solid team in B'ham and couple of TKPs so not looking for anyone in that area.

0 Votes

Atlanta, Georgia

All Forum Posts by: Alpesh Parmar

Alpesh Parmar has started 18 posts and replied 329 times.

Post: Looking for Property Managers and Turnkey Providers

Post: Paying For Mentorship Programs

Post: Selling Cashflowing Homes in Midwest for No-Cashflow in San Diego

Post: Selling Cashflowing Homes in Midwest for No-Cashflow in San Diego

Post: Looking for Property Managers and Turnkey Providers

Post: Looking for Property Managers and Turnkey Providers

Post: Can you recommend a TKP?

Post: The process of a HELOC

Post: Can you recommend a TKP?

Post: Looking for a solid TKP