All Forum Posts by: Mark Shaffar

In my experience that is absolutely not typical for a turnkey provider to mark it up way above market price like that. That is ridiculous and you should mark that turnkey provider as one you will never work with.

Ive spoken now to at least a dozen different turnkey providers, have reviewed at least 100 turnkey properties for sale and can tell you that it is not typical for them to be marked up that high. If anything, the most you should ever pay for a turnkey property is actual market price.

Its absolutely okay to buy turnkey, its a lot easier that way for sure. My last 3 rentals have all been turnkey properties, you just have to do some serious research on what you buy and make sure its good.

My advice to you is find another turnkey provider.

I agree, there are more mouths to feed when you pay a turnkey provider to source the deals and manage the rehab but 20k over ARV is not cool

2 Votes

Chirs Hake runs the REIA ([email protected]) Tasha came up when we he asked the members who they recommend as a CPA. She wasn't promoted by him per se.

Good luck!

0 Votes

Hi Donovan, Welcome to BP! If you are ever wondering if you're soliciting just put your post on the marketplace side and you're good to go. Those of us with "Milwaukee" as a key word alert will get it just the same. BP marketplace exists partly to make deals happen. I agree with @Dawn Anastasi, bringing properties to an investor is different than bringing good deals. I'll pm you. btw, @Nicole Pettislives in 'tosa

@Leo B. Thanks for the shoutout!

0 Votes

Milwaukee, Wisconsin

@johann The Madison REIA recommended Tasha Chamber 608-467-4251. Please let me know how it goes for you. I might be interested in trying her.

0 Votes

@Matt JuelsMilwaukee is hot on BP due to the low price to rent ratios so the investor market is heating up, but the retail market hasn't been too affected yet. That should change as the unemployment rate continues to drop (currently 5.5%).

0 Votes

@Jean BolgerThere are plenty of multifamilies available in rougher areas. Surprisingly hard to find in B neighborhoods. As Jenkins mentioned, Milwaukee favors SFRs

0 Votes

@Devin Scott

and @Steven J.

Thanks guys I'll have to check them out.

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@Billy MaloneyGood job Man! Way to take the plunge into cash flow.

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Hey BP Does anyone know a good personal finance book from a real estate investing perspective?

It seems like there are plenty of books about various real estate investing strategies and plenty on personal finance, but most of the personal finance books I've read recommend investing in stocks. Are there any good books out there that marry the two? Say, recommending turnkey investing outside your IRA and note investing inside a tax sheltered IRA. What is the REI version of saving for college/529s? Things like that

0 Votes

@Drew CastleberryWe'd love to help you in Milwaukee, Minneapolis, and Quad Cities.

0 Votes

All Forum Posts by: Mark Shaffar

Mark Shaffar has started 27 posts and replied 316 times.

Post: Turnkey Investment Properties

Post: CPA in southern Wisconsin?

Post: Wholesaler seeking to network local investors! Milwaukee County, WI

Post: CPA in southern Wisconsin?

Post: What RE Markets are hot?

Post: Chicago or Milwaukee... What's better?

Post: Does anyone know a good personal finance book from a real estate investing perspective?

Post: Take Action: My First Property

Post: Does anyone know a good personal finance book from a real estate investing perspective?

Post: Looking for Turn-Key Companies