All Forum Posts by: Lara Chinarro

David Greene has a book and several BP podcasts about long distance real estate. My friend lives in Hawaii and has a turn key here close to me in Texas! Has worked great!

Lara Chinarro check out my bp article.

https://www.biggerpockets.com/blogs/7810/72815-tur...

ok @Lara Chinarro at least I tried. :)

Not all is lost! :)

I still have not pulled the trigger on anything! But I keep hearing "don't just learn, but take action", and I am getting antsy!

this is just buying a rental no magic to it..  the turn key marketers  ( just think as real estate brokers nothing more nothing less)  their clients are the guys and gals that live in the market buy the homes that need rehab and then resell.. they are flippers.. then many will have in house management which makes them " turnkey "  

the real risk as Ivan is talking about is buying low end C class.. for most out of state investors over time the expense's create an investment that maybe you would not have made... where as A and B class tend to run fine in any city you buy them in or anyone you buy them from... you can go right on MLS and buy them.. its just real estate thats all it is.

@Lara Chinarro TK is probably the biggest mistake you could make jumping into real estate as a newbie. The likelihood of losing a lot of money is high! Money is made in real estate by solving problems; not buying supposed "turn key" homes! Buying TK is akin to gambling and something tells me you wouldn't take your hard earned money to vegas and play craps our roulette would you?

Lara Chinarro it’s also important to understand what companies roles are as turnkey is thrown around a lot and sometimes companies are different. A turnkey provider is a company that buys (themselves) property, rehabs it and sells to an investor while staying on post sale to
Manage.

A promoter or marketer is a company that markets properties for third parties. They don’t own the properties they’re marketing, someone else does. They are middle men who connect buyers with sellers of rehabbed properties. PM can sometimes be separate as well or under the same roof as company who is selling.

Providers make money on the sale of the property to you, promoters make money on referral commissions based on when you buy. There are pros and cons to both, hope this helps.

Thanks for your comment.

My apologies if you didn't have a great experience with your first call.

Ohio Cashflow is known for turning down more business than we take on unlike 99% of the other turnkey companies.

Over the years we have received 3,000+ investor application forms and have probably had even more phone calls.

That experience has enabled us to quickly evaluate if someone will be a right fit for our company and vice versa.

Unlike other turnkey companies, we only take on investors that we truly believe that we can assist.

Taking the next step and just "selling you" a product is not how we operate.

To be honest, we actually don't even have a "sales spiel" but rather do our best in talking investors out of buying.

Building a large and successful portfolio takes years and it's a rocky road that in my opinion isn't for everyone.

The investor and the turnkey company must "like" each other and "respect" each other in order for the relationship to be successful long term.

It's like a marriage :)

With all that said, I'd be more than happy to personally speak with you and answer any questions that you might have.

And if nothing else, at least point you in the right direction.

Thanks and don't hesitate to email