All Forum Posts by: Dani Beit-Or

I dont know the ins of those two networks but only heard good things about both - hear say, not first hand experience. 

Full disclosure I ran a similar network (not a turnkey property) 

But here's my take as an investor on turnkey properties in general. 

Typically you pay a premium to have a property occupied and renovated. 

Some may see this premium as justified for what they are getting. 

Others may not see the benefit. 

Would you buy a 100k property that needs some work and it is currently vacant, and let's say it will cost you 7500 to make it ready and absorbing some vacancy until it gets rented vs paying say 125k as a turnkey property. 

There's not a right or wrong only what's right for you. 

Looking for the same thing

It sounds good and fair BUt only you guys can really say so. 

If you guys agree on the terms it doesn't matter what I or the forum says - you need to do what works for you guys. 

I have been investing out of state (OOS)for about 15 years and have been doing it on a large scale and in many area. 
My take is that I owe it to myself to check the best options to invest my funds.

If investing OOS is slightly better than what I can get locally than maybe not worth the trouble but if the returns are much better worth looking into it. 

Due to our scale we negotiate w/ PMs to get better fees and service.

I think it is better to focus on the bigger picture and not the PM's fee. If your rent is 1200/mo and the fee is 10% or 120/mo vs 8% or 96/mo - a 24/mo saving is small number compare to other aspects of the deal such as cashflow, ROI, cost, etc.

This is an excellent question, a rich man's dilemma. 

First it all comes down to what is it you would like to accomplish next in your investing journey.

I'm a junkie of buying homes. The more the better.

I love the mortgeages we can get in this country. Cheap rate and un indexed - an amazing gift to the borrower. 

Unless your are an older person who needs cash in your life I'd buy more rentals and let the rent pay them off.

I have worked w/ over 45 PMs over the years in multiple metros. 

Some are good, few are excellent, none were bad/poor.

We do take significant time into vetting them and making sure we line up the right people.

Few lessons learned (we have too many):

1. Don't get the cheap guy it sounds attractive but he's the one who's not making money and possibly cutting corners. 
2. You mindset should be supervised and micro manage your PM. I like to call it "autopilot" you are watching but not going to sleep. 

Good luck

@Derek Okahashi I'm not local but use locals. And from I can tell Spring Hill is acceptable distance from Nashville and Columbia is not , at least not yet.

@Derek Okahashi no experience in Augusta GA. 

@Chase Beasley we are focused on SFHs for flips and rentals. 

I'm in OC CA (used to be in the Bay Area before).

Very active in the Nashville metro and only recently started looking into Spring Hill and are actively searching for properties there. 

Until now I have instructed my local team to avoid it due to being further out from Nashville.

Not sure what you are looking for in an area but for us it qualifies.