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All Forum Posts by: Chris E.

Chris E. has started 7 posts and replied 197 times.

Post: Does Anyone Own ALL turnkey??

Chris E.Posted
  • Investor
  • Florida
  • Posts 202
  • Votes 34
Originally posted by @Chris Clothier:
Originally posted by @Kyle Scholnick:

@Chris Clothier

So again, on the 33% number, that says that 1 in 3 will experience a vacancy.  For us, our average length of stay is right at 4 years and I only turned 18% of a portfolio in one year. Average loss, including a lease up fee is 2 months rent every 4 years.  So I can tell all of my clients, based on real statistical data on our portfolio, that they can account 4% vacancy yearly and I would be accurate.  

As for maintenance, I can show where last year, 3.84% of every rent dollar collected went to maintenance across our entire portfolio including a maintenance fee that our management company charges on most, but not all, jobs.  So again, I have the data to show exactly how much should be calculated.

Chris,

As an engineer, I appreciate your way around numbers!

Chris.

Post: Does Anyone Own ALL turnkey??

Chris E.Posted
  • Investor
  • Florida
  • Posts 202
  • Votes 34

@Kyle Scholnick, @Chris Clothier, @Jay Hinrichs, @Account Closed

Fantastic thread! Thanks for sharing. 

I am also a busy professional with a long commute and a family, so I joined BP to find out best way to transfer proceed from our condo in Orange County, CA to out of state (with a 1031). Turn-key is something I am now looking at, which I had never heard of until last week.

Chris.

Post: New member from Southern California

Chris E.Posted
  • Investor
  • Florida
  • Posts 202
  • Votes 34

@John Hodson, @Joe Moore, @Dmitriy Fomichenko, @Mark Nolan

Thanks for the warm welcome!

Post: New member from Southern California

Chris E.Posted
  • Investor
  • Florida
  • Posts 202
  • Votes 34

@Joseph M.,@Bill S., @Account Closed, @Matt R., @Dave Foster, @Troy Gravett, @Julie Shepard, @Danny Cerecedes

Thanks for all your ideas, wow I'm impressed by the level of response on this forum. Definitely a great place !

Post: New member from Southern California

Chris E.Posted
  • Investor
  • Florida
  • Posts 202
  • Votes 34
Originally posted by @Marco Santarelli:

Hi @Chris E.

It's not the right solution for everyone, but for many it is.

Thanks Marco, is there a way to get that podcast for android?

Post: New member from Southern California

Chris E.Posted
  • Investor
  • Florida
  • Posts 202
  • Votes 34
Originally posted by @Matt R.:

Welcome to bp! Check out turnkey-reviews.com too. Good luck!

 Will do, thanks!

Post: New member from Southern California

Chris E.Posted
  • Investor
  • Florida
  • Posts 202
  • Votes 34

Hello there, just joined from Southern California after finding BP doing a 1031 related search on Google.

We have a rental condo in Orange county that's barely paying for itself but had a major appreciation in the last 10 years, so considering doing a 1031 to out of state since CA is really not appealing to us anymore, and avoid capital gain taxes.

I was thinking about Colorado or Pennsylvania, just because that's 2 states we go for family or business on occasion so we know a little bit about the area, but now on BP I discovered you can buy turn-key anywhere in the US. Never heard of turn key until last week!

Through the 1031 we'll have to re-invest in the $350K range. The few turn key i looked up so far seem to be in the $50-100K range. I'm concerned that would really complicate things if I had to exchange into 4 or 5 properties, any advice ?

Anyway I've been listening to a couple podcasts a day, they seem to nicely fill up the socal commute each way... Great job Josh and Brandon!

Chris.