All Forum Posts by: Kalen Jordan

I noticed on the ohio cashflow site that you don't do conventional loans? Cash only basically? Seems like as an investor I'm significantly limiting my leverage if I go that route? Would I want to do a cash purchase and then a cash-out refi type of thing?

That's awesome - congrats! I'm looking to get into my first property soon! How did you land on Ohio vs other markets?

Hey there! I'm in the market to buy a turnkey. I'm curious what some of the best options are currently?

Would love to know what kind of CoC to look for - is 10% reasonable in good markets? Is 15% possible? Looking for something truly passive with solid PM, great tenants, etc. Want to be more on the conservative side as far as that goes, because I have my own non-real estate business to run day to day.

Btw, I have searched the forums for this and found a number of great threads - I have noticed that a lot of them tend to be 2/3 years old.

Also I've seen people reference turnkey-reviews dot com - but I noticed the most highly rated turnkey on their site has a homepage that is a coming soon site, so I'm not sure if that site is a good, up to date reference?

Got it thanks for the feedback Matt! So it sounds like basically there's solid appreciation potential in addition to a reasonable/conservative 6% CoC?

What are the expected CoC returns for sfh rentals out there with solid PM?

Took a look at the site  is it still active? Top 3 turnkey providers listed didn’t have active websites  

Thanks for the links. Yeah I get it now. Kinda feels like BP has a responsibility to post some kind of advisory to the podcast episode he was on because I see that as a pretty strong endorsement for someone in this community.

It's kinda weird to see people ripping on someone who was a guest on the podcast. If he was a scammer shouldn't they remove that episode or put some kind of advisory up on it?

I'm not sure what the deal is with the oceanpointe thing - what exactly has Morris been accused of and what has been proven?

I'm seeing several things said that don't match up with what Clayton says in a lot of his videos such as:

 - Saying the properties aren't C's. He says over and over that he picks C's on purpose

- Saying they do poor rehab work. Where's the proof of that?

- Saying they purposefully push out phone schedules as a scam. Where is the proof of that?

- Sloppy closings - where is the proof of that?

- mention of 20% returns. He says over and over that he shoots for 10% to 12% returns

- That the returns he talks about are too good to be true. I understand the concerns around $40k properties but is 10% to 12% on a $40k out of pocket expense really *that* impressive? I thought it was good for sure but I've seen plenty of deals in other places that were better than that on paper. 

I don't have any association but I talked to Clayton a couple years back after hearing him on podcast. Never pulled the trigger on buying a property. I also have been looking again recently. I scheduled a call today and they had slots available next day. 

I also am still doing research on Morris not sure if I'll pull the trigger...

EDIT: In doing more searching I came across this thread with some specifics on a bad experience someone had with Morris. (https://www.biggerpockets.com/forums/92/topics/552021-morris-invest-experience-yet-another-one). Good to see some more objective specifics. 

Found some info on this...pretty cool chart on ycharts:

Also found rentrange.com which looks interesting - I'm not sure how far back their historical data goes though I'm checking with them on it.

Is there a database of properties anywhere? Basically what I'm imagining is the Marketplace Properties for Sale page here on BP but instead of just forum posts with all the details in text content and images, a database with all of the fields searchable, and then you could do things like apply the BP calculators against the numbers on the properties so you could easily pull up and compare key metrics like cap rate, COC return, etc.