All Forum Posts by: Jay Hinrichs

@Donald Hendricks

Ok I admit I am a total hack at google and the internet I have never seen anything BP on google search. are you saying that since I am posting on this site some of it might come up on google. I thought most people just google the individual.. Like someone might have googled Marquis or me or Googled Rick Clatfetler to see what he was all about. I know I pop up there on google a bunch with all my endeavors past and present.

@Joel Owens

fine minds think alike.. I will say though and only through my experience on the property investing forum in Au that I frequented for 4 years. Aussies would defiantly hone in on gross rental returns. And nets were less important that I believe was that they also have this concept called positive gear and negative gear.. that means simply positive cash flow and negative cash flow with the prices of their SFR's being more CA bay area style.. 350 to 1 mil for a SFR rental they just do not look at cash flow and rental returns like we do.

It was the same phenom like I worked in pre 08 with the CA investors flooding to the Midwest because any house in CA was 300 to 600k or more. and they could by that cash flow queen in KC for 40k or Memphis for 50k or a lot of other cities. Atlanta back them was to dog with most 80 to 120k I funded maybe 60 to 80 of those in Atl proper before the melt down.

so I digress

@Donald Hendricks

Don calling the collective wisdom here Ignorant as was stated in the original post was the height of Ignorance :)

If we had a hot section Rick could have lit out on any number of posters and gotten into heated debate. but since there is no section on this site for this kind of katy bar the door discourse his posts were played out for all to see.

At the end of the day my opinion and what I personally know of the back end of marquis is they will not miss a beat in sales because of this thread, BP is not their market they will continue on selling to the marketing channels that Rick was brought in and established. marquis would not be nearly as successful without Ricks expertise and connections in being able to bring investors that 99% of turn key operators could NEVER in a THOUSAND years find or penetrate what Rick has is a very very unique situation and Rick and his associates are extremely good at what they do!

@David Campbell

@J Scott

@Duncan Taylor

Holly molly maybe I am missing something here but buying a single family rental is just not this complicated. the citations to gaap account the SEC extra extra.. seems over the top... Am I missing something. When I used to buy timber land ( I just sold my last tree farm in Oregon this year) we used to do all sorts of tax plays with depletion growth rates etc etc. Its all greek to me at the end of the day.. But SFR rentals REALLY

@Account Closed

K. Marie LOL I remember when I lived in Palo Alto clients would ask about cash flow.. and never mention down payment.. and I always told them you could get 10% cash flow with 90% down .. different world for us Californians

@? shoot I know when we access it here in Oregon its a nationwise data base

did you talk with customer service?

@? look forward to it we are just this week funding our first deal in Houston and look forward to many more!!

@Jason Topolski

good luck and let us know how you make out.

@Account Closed

true if you live in a market were you can buy the cash flow houses.

Cash flow does not exist where a lot of the money is made. ergo buying out of state or out of country

@Account Closed

I think the reality with marketing turn key is that the wholesale prices have risen especially in the areas hit hard by the Hedges. And the magic number for most TK companies is to show at least 10% return if they showed reality of say 4 to 6% or negative gear they would sell next to nothing.. So as has been stated most of them omit key components that make up fixed operational costs. AS wholesale prices have risen returns have gone down. as rehab cost remain basically a constant.

So in my mind the turn key guys are all trying to compete marketing wise so if one of them says 10% but omits key components.. the other is just trying to match them.

In addition operating cost of course are regionalized and depends deeply on tenant base. And then again it depends on how hands on the owner is.

I believe 55% of gross Scheduled ( not collected rent) before debt service is a good conservative number in the B C class. If investors go into deals with this in mind and do a lot better than that is gravy.