All Forum Posts by: Kusmayadi Djunaidi

If you can done it quick, then yes. You can have a contract option (which says that you have the option to buy the property first with the agreed price within certain period of time, basically you said that no one else can buy the property from him. This will discourage the buyer though) and put $100 as the earnest money or have a real contract and back down if you don't have any investor to buy.

Han

I'm more into a fix and flips and buy and hold. I would rather buy from wholesaler since it will take me out of the trouble of finding deals and negotiating if it will still give me at least 20% profit.

Sincerely,

Han

Hi Diego,

From my experience, triple net lease mostly is done in commercial. I never heard anything like that in a residential. Is she going to buy the house cash or is it going to be financing? If she is financing and have filed BK within 7 yrs. That'll be a big problem. Seller's financing can be obtained mostly if the house is free and clear. It is very hard to get seller's financing on a house that have very little equity or still have lots of mortgage debt on it. I think if you can have a deal done with the seller, then you can help her. Also, you need to help her understand that if you are going to manage the property for her, you will charge her a percentage of rent and you need to tell her upfront since sometimes, they think you will do it for free since they buy the house from you.

Sincerely,

Han

Hi Luiz,

If you put under contract the amount of $239k. All the money will go to the owner. If you are going to wholesale. You need to make a contract with the owner with the amount that he can agreed and you make the rest of the selling price to another investor.

There's 2 things that you can do when you sell the house to the investor:

1. Assignment of contract (the investor will know how much you are making, but it is cheaper in costs)

2. Double closing (Will cost you more, but no one will know how much you are making. Basically, you will need the purchase money and the closing cost.)

Sincerely,

Han

Hi John,

I'm also new at this concept. Now, I have been in business for years and from my experience in analyzing lots of businesses. Before, I can give you my opinion, there's one thing that you are missing in your calculation. What is your holding costs (insurance, utility, taxes, etc.), because that will affect your calculation. Also, what is ARV (after repair value) of the house? Not what you expect you can sell, but what is the average price of the house that have the same type, bedroom number, bathroom number, etc in the area?

Sincerely,

Han

Hi Evelio,

I also live in North Bergen and just started learning about real estate investment. I would love to connect with you to discuss and learn more about the options of real estate investing.

Sincerely,

Han

Hi Guys,

Thank you for all the inputs. There's something that I feel a little weird though. There're turnkey company that I already asked and discuss with have management fees, vacancy fees, and maintenance fees. But when there's tenant placement, they still charge for a month fee. Also, if there's anything need to be fix they still charge the investor when they already have maintenance fees reserved in the account. So where's the vacancy fees and maintenance fees goes? And some of them even still charge management fees when the property is vacant and they are looking for new tenant. I got a little confuse. Anyone can shed some light here?

Thank you for the input guys, I think that for now I will postpone the turnkey until I can study more about this.

@JR Hinds I tried to check them out and I couldn't see them anywhere in the website that you provided.

Thank you @John Horton, I am a noob here and currently trying to learn about investment in residential and just learned about this turn-key from an article that is why I am trying to find out more information and get more opinion from people that have more experience than I am.

Good morning,

I'm trying to see my option in turn key properties. Have anyone buy turn key properties? I was just contacted by a company who is in Ohio called American Wealth Builders. Anyone have any experience with them?