All Forum Posts by: John Powell

I appreciate all the input. It gives me a different perspective on things. For those of you who don't use turn key properties, have you done it from a distance and how does this play into your ability to work a normal job?

I take that back, a three bedroom two bath in the year 2000's will typically rent for 900 and up. 

I've looked in Tucson AZ typically on the MLS. The cheapest properties are usually marked between 70,000-100,000 dollars.Most homes I've seen in other area are completely redone at these prices in Kansas City/Memphis.These home are from the 1950's-1970's with evaporative coolers that need updating. You are lucky to break even with these homes. A new home 3 bedroom two bath in the year 2000's typically rents for 800-1100. These homes cost 130,000 and up. I would need to build a relationship with a Realtor looking to unload some properties since the market has picked up here significantly from what I've seen. Basically, there are no deals unless you know someone. I'm not the great at building close and trusting relationships with people I don't know. It takes me years to know someone. I've also talked to a friend of mine who grew up in the business and stated there are no deals in decent areas. Most are on the south side of Tucson where there is a lot of violence. Most of the city has a crime rate since it's on it's way to phoenix and drugs are transported through. My brother is a cop and stated what areas to avoid. The area I live in is a suburbia outside of Tucson in Vail. The houses are more expensive here with and are coming up in value. I've avoided looking at Memphis TN for that reason. I have a friend who is a combat vet in Memphis who carry's a hand gun around.

I'm looking at this in the since I could visit the area as well as do business deals while visiting Nashville. I have a lot of friends there. I could use the flights to Kansas City Illinois as a tax write off.

I've heard one podcast of a member developing a long distance relationship with someone to remodel homes in Wisconsin with great deals. I'm not sure how that it's done. I'm a bit of a perfectionist and the thought of not being able to see a home during a remodeling process would drive me crazy. I have no real intention of moving seeing that the girlfriends family and my family live close by. Having a child in the vicinity would be more beneficial as far as my social construct.

Hi, I'm curious about areas outside of Arizona? I've been looking at Kansas City, Memphis, and various areas in Ohio. Kansas city is a high interest interest for me based on the amount of cash flow I've seen listed for properties. Has anyone invested primarily in turn key properties and sustained a livable income from such properties? I'm asking from the idea that I'd pay 20 percent down on each home to acquire each property in a grueling manner after due diligence. I am still in school and I'm still learning. My interest is eating me alive.