All Forum Posts by: Alexander A.

I agree with Shawn, if I lived in a city where I could find good cash flow, I would definitely be buying, rehabbing and finding a PM on my own.  I would only do turnkey if youre going out of state.

I would lookup BRRR strategy on here and go that route.

 Ha! I love this analogy Brie.  Pizza and turnkeys!  Love both!

"Life" is getting in the way for me right now too Rodney.  At least this month its been hitting me hard financially but I know that there is nothing I can do about it but ride it out.  Once that happens, I will get back on track.

And that is all you can really do.  Ride it out, try to enjoy the parties/weddings/etc...

And sorry about your loss.

I would definitely shop around and get at least 2 different quotes from lenders on pricing.  I have a good lender that loans up to 10 mortgages and specializes with investors.  All conventional financing and its who I have used on my last 3 rentals.  I have 6 mortgages all together.  

PM me and ill send you his info.

Also I have never heard that 35 - 40% down payment is more common.  Why would that be more common?  Doesnt make sense to me.  I put 25% down and will keep it that way because I'd rather not tie more of my money into it and take advantage of the low interest leverage.

My minimum COC is 15% but I was able to get 20% on the 3 turnkey rentals I have purchased in the last year.

Im also getting cash flow ranging from $240 to $340 on them.   In the future I would like to stick with those numbers.

I think its all relevant to location though.  Each market will differ.

You should try and find local investors for whatever house you are thinking about and asking them for personal recommendations on that area.  You can learn a lot from the locals.  Trust me!

@Karen Margrave

Yes according to the conspirator,  the jubilee is one of the big reasons why he thinks this september is doom day.

"on sept 22 2015, new york city is having the 70th session of the UN General assembly where all the world leaders will congregate including the pope. they are calling this the "jubilee session". In the shemitah, every 7th seven year or every 49 years is also called the jubilee which means the year god gives back land taken away from their ancestors. That is this year. Coincidence?

in the last jubilee year in 1967, Israel won the 7 day war when they recaptured thier land beating egypt, the west bank and defeated syria.

in the jubilee year before that in 1918, the british empire took back jerusalem from the turkish ottoman empire.

the next coming jubilee starts on sept 14th 2015"

@Pancham G.

Ha! yes we are about 6 - 7 weeks from meltdown so we'll know really soon.  

Yes you should treat this like a normal home purchase.  The fact that is selling as is still shouldnt prevent you from getting an inspection and being able to back out based on what the inspection shows you. 

Definitely agree with Ali that this doesnt sound like a turnkey property at all. But that really doesnt matter I guess.

@Jon Klaus

I completely agree with you. I wouldnt be dumping my real estate even if there were real estate crash.  Im making enough cash flow on each of my properties to lower the rent about $300 each and still break even.  Rents werent even impacted like that on the last housing bubble fiasco so I think we are good there.

As for stocks, it is scary thinking what might happen.  I do think the stock market is going to correct itself sooner then later.  Not because of the video but just because of its natural cycle which should be ending soon anyways.

Its funny you mention that book because that is exactly the book he mentions in that interview.

Conspiracy theories to me are all fun and entertainment but it does kind of make you wonder.  At least for me it does.