All Forum Posts by: Jeff Green

Yes, it's legit. It's how Equistream (http://equistream.com/) markets homes for sale with seller financing. They have a "turnkey" program where an investor buys a house and then Equistream sells it for the investor with seller financing. I have some listed with them right now.

@Mike Foley - 

Would you describe your experience with Equistream? 

Thanks,

Jeff

@Ryan Zomorodi , yes, I'm in the process of closing on my first package of properties with them.

I have been talking with one of their reps for a couple of months now and I am thinking of investing. I would love to hear from anyone who has experience with them. Thanks.

Originally posted by @Jeff Green:

@Jeffery McBride I had my call with Dave a few days ago. He sent me a pro forma for an already sold duplex:
820 N Oakland Ave
Indianapolis, IN
Price: 60,000
Rent: 1,200/mo (600 from each side)

Seems like a pretty great return even factoring in the potential for high maintenance and vacancies.

I'm actually in Indy right now and staying not too far away (for meetings with other turnkey providers). I'm gonna try to drive by it tomorrow.

I just returned from Indy last night.  I was there to meet with other turn key providers. Although I couldn't get a meeting with Clayton's team on short notice, I did do a drive by of the duplex they had sent me as an already sold example: 820 N Oakland Ave. 

There were several boarded up houses on the street and house itself seemed to have some issues with the roof, which makes me question the quality of the rehabs they are doing. 

Thank you @Aaron Cullen and @Merritt Whitman for your on the ground insights. I definitely wouldn't buy from these guys without carefully inspecting the work.

Thank you also for everyone who posted warnings about tenants at such a low rent price point ($600 per side on the duplex). Point well taken. I'm building a portfolio of mostly A and B properties with some C's. These low rent properties would more properly be categorized as D I think.

Anyway, I did see some stuff I liked in Indy from https://indyrei.com/ and http://parcpropertygroup.com/.

@Jeffery McBride I had my call with Dave a few days ago. He sent me a pro forma for an already sold duplex: 820 N Oakland Ave Indianapolis, IN Price: 60,000 Rent: 1,200/mo (600 from each side) Seems like a pretty great return even factoring in the potential for high maintenance and vacancies. I'm actually in Indy right now and staying not too far away (for meetings with other turnkey providers). I'm gonna try to drive by it tomorrow.

Jeffery McBride I had my call with Dave a few days ago. He sent me a pro forma for an already sold duplex:

Jay Hinrichs could you please post a link to the thread you are referring to? Thanks!

Could you say more about why Clayton Morris is a scam? I was thinking of buying from him.

@Michael Bell I'm in the process of buying there, but I don't have anything yet. Seems like a good market for rental investment properties.