All Forum Posts by: Chris Gerenser

I am in a very similar situation as @Kevin Byrne, and am close to pulling the trigger.  I am looking at Indy, Memphis, and Birmingham.  I am talking with Spartan in Birmingham, Memphis Invest in Memphis, and FS Houses in Indy.  

If @David Hutson @Steve Endress (others) have any insight on these companies, I would appreicate it!  Will also reach out via PM if you don't mind to maybe learn a bit more from you.

@David Hutson I'm in NorCal also so maybe we can meet up.

Thanks Lance for the caution. Justin, any info you can share on market/price/rent and TK Provider you used would be appreciated. I'm still in that due diligence stage myself. Have asked for referrals, had multiple phone conversations with TK providers, reviewed properties, looked up market/neighborhood info online, and compared deals/rents to what's being currently offered for sale/rent (Zillow).

Anish Tolia who do you use and what markets in the mid west? I see you also do BA- are those current or properties you bought years ago?

@Mike D'Arrigo @Jay Hinrichs Thanks for the info and guidance.  All valid points and will be focusing on the higher class assets you both (and others) have suggested.

@Nadine Lajoie thanks for trying to get back to me - phone was on the fritz.  I'll try to catch you tomorrow afternoon.  @Account Closed my initial TK provider I was exploring focuses on Indy so just started there.  I'm now also looking into some other markets thanks to fellow BP investor suggestions and TK operators reaching out.  The price points did initially attract me but I think those low end properties will not be where I focus.  I think B homes in good neighborhoods, very good rental markets, excellent TK provider(s), at 60-100K is what I'm initially looking for.  

@Clayton Mobley So now the challenge is finding that reliable partner.  I agree with your comparison between real estate and market investing.  My interests may shift to doing all of the legwork myself as there is great satisfaction in finding a better than average deal, but for now I am looking to leverage the experience of a trusted partner to provide a solid long term investment. 

Agreed on the 80%. That was exactly my point that to get that would take a ton of legwork to find. I'm looking to grow passive income over time - so finding a solid turnkey provider does seem to be the way to go.

Jay thanks- you are everywhere! Btw just hopping on TurnkeyReviews...looks like a really good resource. Providing I steer clear of the bottom properties, do you think the Turnkey method is sound? As mentioned I get that I am not maximizing profit potential if I'm not finding the killer deal, fixing up myself, and managing. The Turnkey method seems sound as you give up some of the profitability for less involvement once the investment is made.

I was looking at lower end properties as they are very affordable. The first Turnkey provider focuses on Indy so that's why This city specifically. I have switched gears to what I hope are nicer neighborhoods and possibly duplexes or 4 plexes but not sure the price range yet. Do you know the townships that are most favorable? I am in the process of determining the Turnkey provider to use now.

Just starting out and am leaning towards Turnkey in Indianapolis and then branching out into other markets.  I'm interested if others have used Turnkey providers effectively to build large portfolios.  @Brandon Turner stresses the need in books and webinars to get the right price (say 80% of value).  I don't see doing that with Turnkey providers, but maybe I'm off base here. 

I understand that finding the best value property, improving, and managing it yourself would lend the biggest potential return, but looking to have a more hands-off approach on the rentals themselves.