All Forum Posts by: Marcello Pirrelli

Hi @James Wise,

Thank you for the detailed response and tips.

I am currently in the process of closing a deal but going through the motions with the lender and UW.

Hello All,

I am in the due-diligence process on my first Turnkey property in the USA and want to consult with an REI attorney and CPA to cross-check all the information received from my lender, seller, etc.

There is a black hole of un-endless resources online where one might find such professionals. Considering that I am working / living abroad as a US citizen, the best option would be email / phone calls / Skype sessions -- in other words, professionals that do not only server their clients out of a brick-and-mortar establishment.

Does anyone have any recommends on a) how to find qualified and experienced professionals in the REI realm and b) what type of critical questions should be asked during the first phone call / interview to ensure the individual has the current experience with today's market?

Thank you in advance.

Hello All,

Does anyone in this forum have first-hand experience with purchasing properties that are delinquent on taxes (i.e. at the lowest price possible) from either the owners or at an auction and then either selling the property at the market price or performing a BRRR on it?

I've read few articles on this topic and have a friend who did this on the property (land) that he owns now and is selling through a RE agent.

Is this a smart way to purchase properties at the lowest possible price, since in most cases there is no mortgage on the property (otherwise the stat would have repossessed it in many cases) to help the owner dig themselves out of a whole (e.g. overdue taxes) and add a property to your portfolio that you can either rent out to the current tenants, BRRR it or sell it at market value?

Any tips on how you approach this, how you acquire the county list of properties currently overdue on taxes, and your experiences, would be appreciated.

Thank you.

@Tom Ott - makes sense. I checked and they do not only do cash-only but have many customers that pay cash for the turnkey properties. If I could do that, great; but not at that point yet.

Thanks for your input.

@Zach Lemaster - just now seeing this post for some reason. Are you an investor or property holder of turnkey properties?

Can you send me a private message? I'm unable to contact you directly for some reason. Thanks.

Hi @Maurice Walke,

Have you invested with any turnkey companies since this post? Was anyone able to provide you with more information on the topic or leads?

Thanks.

Hello @Ali Boone, could you also share with me, your experiences with turnkey companies? Also looking into this avenue, and it sounds like you have a wealth of knowledge.

Thank you.

Hi @Tom Ott,

Why would you say is a cash-only operation a red flag?

What are the best approaches in building a strong team? Can you suggest some threads where I can connect with accountants, property managers, etc.?