All Forum Posts by: Jarrod Cook

@Steve Vaughan glad you liked my "jab". it took a few times then deleting what i wrote before I finally got it right :)

i get your point and appreciate it as I do most posts. i am here to help others but also here to learn - that sounded a little Billy Madison for those that remember that movie. 

I did not mean to be vague about our program, I have explained it fully in other posts and did not want to hijack this one. I thought a simple mention would suffice and anyone who wanted to learn more could PM me to speak further. 

@Steve Vaughan I'm not sure what how many posts you have has to do with anything besides showing how much time you spend in front of a computer or mobile device. Some of the largest and most successful investors I know and sell to have no social media presence what so ever and I would accept their guidance and act before ever polling online. BP is definitely a valuable source of information but # of posts is just that, # of posts - we all started with 0, right?

@James Lee remember, we are all in the same business here. Everyone got to where they are using different methods - who is to say which is the best fit for you other than you? Do your research, talk to as many people as you can then act based on your findings and how you are most comfortable. Beware of those who put others and their methods down because what may work for them may not work for you... be open minded and absorb knowledge whenever you can.

@Tom Olson thank you for your input, I enjoyed reading your post and how you got t where you are. 

As always, if anyone is interested in speaking about Birmingham, Alabama, PM me. I can help you invest or just share war stories :) 

All the best BP'ers!!

@James Lee

I would love to speak to you or anyone else looking to get into cash flowing properties about a new program that we have implemented in the Birmingham, AL market. Our program is pretty much exactly what @Tom Olson describes in the post above:

1. find properties
2. Close the deals
3. Rehab the properties
4. Rent the properties
5. Manage the properties

The result of these 5 steps is you, the investor, getting into turnkey properties for way less $ and with way more equity than if you purchased an already rehabbed house from a turnkey provider.

@James Lee or anyone else interested in learning more, please PM me and we can connect and go over the details.

Hello BP!

I wanted to tell everyone about a program that we are offering for the Birmingham Market. We call it Turnkey For a Fee because for a small upfront fee we have found a way to get you, the investor, into fully turnkey houses for way less $ and with way more equity than if you purchased an already completed house from a provider. 

Here's a how the program works:

After speaking with you and figuring out what your goals are, what type of property you are seeking and in which area,

-  we help you purchase the right house for you at the right price by submitting bids then evaluating the responses we get.

- we then head out to the house and put together a scope of work. with this number and the price of the house in hand we can determine if the deal is worth pursuing. if the numbers work we bring you the deal.

- we guide you through the closing process for the house that you have selected.

- our contractors that have done over 500 properties for us do the rehab work at cost for you.

- we find a tenant for you and take over management of the house.

The result is you owning a fully turnkeyed property that is cash-flowing for way under market.

Our B neighborhood houses produce 800-850 in monthly rental income and you will be all in for around 55k. If you were to purchase a solid B property off our completed inventory spreadsheet it would run you around 70k.

Our C neighborhood houses produce 650-750 in monthly rental income and you will be all in for 40-50k. C class houses on our turnkey spreadsheet run 55-60k.

We are actively signing investors up for this program and would love to have you on board!!

Please send me a private message and I can go over the finer details with you - from there the opportunities are endless!

I look forward to hearing from everyone :-)

@James Irwin

you got a price? address? i am looking for duplexes right now.

i am guessing from the pics that it is vacant?

How are you planning on finding the properties to rehab or are you thinking of rehabbing existing investments after tenants move out? If you are simply wanting to do make ready work then I am not sure the benefit is there for you unless there is huge volume - most management companies have in house contractors and most self managers have preferred contractors that they have been working with for periods of time. 

You might try speaking with local management companies to see if they need crews for rehab work. 

@Morris Lucas

We have a great program in place to get buy and hold investors into the Birmingham market for way under retail. I am happy to go over the details with you at your convenience.

Hey Rory,

Let's speak when you have a chance. I am happy to go over your questions and help you with your first rental property.

Hey Steven! I would be happy to speak with you about our services.

@Rebekah D Arnold, welcome to BP.

What is it that you are trying to accomplish in Birmingham? Are you trying to flip like you did your primary residence or are you looking for something more long-term like a buy and hold rental? Either way, to weigh in on your quest for information, Hoover and Gardendale are going to be almost identical to Homewood and Vestavia... especially Hoover as it is in the same Over The Mountain area of town. Rentals in these areas will give you returns somewhere around 1% - you can get much more return in the B and C neighborhoods but the tenants will not be nearly as stable. Like any other investment avenue, with the risk comes the reward... more risk, more chance at return. The trick is finding your comfort level - no one can make this decision for you. 

I hope this helps. If you have more questions or would like to further discuss your goals, pm or email me anytime.