All Forum Posts by: Robert Burnell

@Nicholas Pedrick

I think turn key appears more appealing because most times, tenants are already in place and paying under the current conditions of the property.

To me, it seems like a more secure investment. On the other hand you inherit a tenant that you have not screened to your personal processes.

Overall, I think it’s a great way to get your feet wet.

@Trevor Aydelott

I think you’re on to something. I’m currently relocating from Florida to Cleveland Ohio and looking to purchase an investment property. I came across a highly rated realtor on Realtor dot com. I haven’t graduated Realtor school but I’m pretty sure a realtor should know the class of neighborhood a property is in.

I asked this one realtor about a property class she said she didn’t know (which was fine) but then she stated she gets asked this question all the time. I would think she would have done her homework and learned the neighborhood classes. Or am I asking too much?

Oh and she never followed up.

Seems to be some pretty solid advice here. I would hold off on renovations with the tenant in place. Since you inherited the tenant, most likely they are ok with the current living situation. I would renovate one at a time or chose not to renew lease and do both during that time. Good Luck. 

Thanks for sharing this. It has given me more motivation to get started. Congrats on such a bold move.

Hello All,

I’ve read a lot about staying away from D class neighborhoods. I’m curious to know who invests in those types of neighborhoods and how have your experience been with collecting rents during this situation.

I plan to invest in C and D class neighborhoods. We must remember, gentrification starts in D class neighborhoods or sometimes even worse.

I would assume people who live in D class neighborhoods are still able to work as they will “most likely” work at jobs such as Walmart, fast food, etc. (and this is not offend or stereotype anyone).

I’m a full-time Manager at Amazon and majority of my employees live in C or D class neighborhoods. They are working and actually earning extra money.

Just want to get your input.