All Forum Posts by: Kosh Vokter

What's the best way to compare/analyze turnkey properties? This will be my 1st real estate purchase and have been working with a turnkey company. I have verified they do a good job and had positive reviews about them even here on BP. The turnkey company sent over couple of properties to look at including numbers like monthly cost estimates, estimated rent, vacancy rate and estimated monthly cash-flow etc. Of course, I will analyze the properties, location, scope of work done, look at pictures etc. 

Assuming 2 properties are in the same state, but in different locations, how do you compare which one is a better deal. I suspect purely comparing on the basis of monthly cash flow might be short sighted? What else do you look for in terms of the numbers/metrics when comparing why one would be better than the other, as a long-term investment. 

I am getting started with investing in BRRRR. I haven't found a property that I like to invest yet, but I want to identify the lenders, get pre-approved and get all the paperwork done and out of the way. That way, I will have a couple (3-4) of lenders that I can shop around for the best rates, after the rehab is done.

I know the lenders will want to pull my credit score/report. I understand this will lower my credit score and as multiple lenders each get my credit score/report, I am concerned that it will heavily impact my credit score negatively.

Are there strategies that you recommend to workaround this or is there a way to do this effectively without heavily impacting your credit score?

Once the inspection is done, I thought there might not be enough time to get a contractor to come out and look at the property to provide a rehab estimate, and just rely on the inspection report to provide an estimate. Especially in a market/area where it's still highly competitive and the sellers have a short turnaround time for an offer review.  

Do you normally get the contractors, roofers, handyman to come out and look at the property based on what comes up in the inspection report?

This is my 1st time locating a BRRR property. I am assuming you want to quickly rehab, as soon as you close. Since the rehab work required might vary by the property - it's hard to know if you need a roofer, or a handyman or general contractor etc.

How do you all typically line up resources/contractors to do the rehab? Do you have a list of go-to resources/contacts that you want to contact BEFORE closing on the property so that you can engage them to come out and do the rehab work?

where also is a good place to find resources/contacts for doing the rehab work?

I am new to BRRR and doing my research to find a SFH.

for BRRR, do you go through a realtor to submit and negotiate an offer? I know that's how typically it's done for primary homes, but I didn't know if there was a different strategy for BRRRs.

Is there also an attorney required/MUST to review the docs/contracts etc?