All Forum Posts by: Karim Z.

Good morning BP's, is this event still taking place today at 10AM?

@Brian Garlington thanks a lot for the advice! 

Awesome thanks @Caleb Heimsoth for the clarification, I think that's where my confusion came from confusing providers with marketers. 

@Ali Boone Thanks.....I am looking for SFR's in the $80 to $110K range to buy and hold and generate cash flow.

My main goal is to have a provider who has experience and also strong property management.  I believe PM is very important as this is " out of state"so I want to build trust and have a long term relationship. 

Also, I know that with all turnkey there is a premium/markup on the purchase price given that someone is actually doing all the work  for the investor , but sometimes looking at comps of some properties offered by those providers I see  the price is too too  high and won't make sense to buy even as a long buy hold ( like an example I saw one turnkey property  that on Zillow was last sold for $14K (to the provider) and they advertise  selling price for turnkey as $95K after renovating it ! All prices in same street were around $ 65K, so I felt price was too high. 

My other concern is cap rates are relatively low between 6% and 8% max (cash on cash). 

Anyways, I attended one webinar later of one of those providers but wasn't really impressed (Maverick) because I felt the presentation was too pushy and even when I followed up with questions after I wasn't satisfied. 

Thanks again! 

@Larry Fried thanks a lot will PM you now. 

@Tom Ott thanks for the follow up. I just gave you a call and got to your voicemail. Let's connect anytime as I have a couple of questions. Thanks a lot !

Caleb Heimsoth thanks a lot! Any providers you recommend in any of those markets ?

Hello BP's ....

Any recommendations on great  Turnkey providers  that you have personally worked with  ( with solid property management ) teams .....also from your experience what's the best markets for turnkey investment at the moment ? 

Thanks ! 

I have the option of using an already approved HELOC to finance a rental property, is it a good idea ?

If yes, given that HELOC is considered like a "credit Card" and that you only pay interest on the amount used- how to calculate monthly payment in my cap rate/cash flow calculations for both interest and principal payments ? I mean do I consider it as a regular loan/mortgage and set a certain amortization period to be able to calculate monthly HELOC interest payment, and allocate as % to the "principal payment"? Thanks!

Michael Santorios thanks a lot ... this makes a lot of sense.. I agree i think best strategy for someone in NoVA is “ out of state “ turnkey rentals and have the right team/PM on the ground —- any views on ATlanta for SFR turnkey ?