All Forum Posts by: Matthew M.

To all you Texas investors out there! I'm writing this to try to get some contacts and first hand recommendations on turn key companies in Texas. I know it is a large state and this is a broad question, but what I do know is there are people migrating to Texas at extremely high rates.

I'm looking to purchase my next turn key and would like to explore Texas sub markets and turn key companies in those sub markets. Trustworthy Turn Key companies are hard to come by which I'm turning to my bigger pockets family to point me in the right direction. 

To all you Texas investors out there! I'm writing this to try to get some contacts and first hand recommendations on turn key companies in Texas. I know it is a large state and this is a broad question, but what I do know is there are people migrating to Texas at extremely high rates. 

I'm looking to purchase my next turn key and would like to explore Texas sub markets and turn key companies in those sub markets. Trustworthy Turn Key companies are hard to come by which I'm turning to my bigger pockets family to point me in the right direction.

Im evaluating a potential rental property acquisition in Nw Indiana. Specifically Hammond, Indiana.
Property is solid, numbers look great and I like the market.
Can anyone lend some advice as to the state of the rental market here or if you own property yourself what you experience has been?
Thank guys, happy new year!

@Rick Hamrick

A recommendation from someone with market familiarity would be great, i would appreciate that.

@Mike D'Arrigo

I would love to connect if you would like to send me a direct message

So we have some Jacksonville guys and some Memphis guys. Is there anyone putting there money to work turnkey style in any other states?

 I completely agree with this statement. I prefer not to name names publicly but if someone dm's me ill be happy to share my experience. 

I spent months vetting a few companies only to land on a marketing company that talked the talk and was aggressively helping to connect me with providers in different states. Unfortunately I don't think they could successfully keep up the sales act all the way through closing. Although I am new to this I am a hustler and I do see through peoples actions and evaluate their motivations. 

You would almost think that me being motivated to buy multiple properties would almost make someone want to do the right thing to have me coming back. Almost every phase of the closing process was shady. Lying about the area. The loan company was almost definitely in bed with the seller tacking on to the interest, closing fees and taxes deflected towards me. Almost certainly has appraisers playing ball and overvaluing the homes. The best part was they became incommunicable for about 2 weeks before the appraisal came in. They knew the deal was going to fall through and I would not appraise the moment I notified them I had my own form of financing. 

Now i'm an optimist and cant wait to get into my next deal. So much fun!!!

@Gregg Cohen

Please contact me via direct message I would like to hear more.

I am looking at investing out of state for the first time with a reputable and strong turn key company. 

As of about a week ago I was in the final days of closing on a property in Baltimore, Maryland to which I pulled out of the deal. I terminated the purchase agreement using the appraisal contingency based on an appraisal that came in 20% below asking (Almost 35k). Based on the actions of the turn key company through closing I saw this coming and was prepared to walk away. I wont go into detail on here but the company I was working with turned out to be very shady.

I'm now setting my sights on my next property with the lessons I've learned from that deal. I am currently looking to aggressively pursue another property in a better market and be closed by the end of Q1 2021. WHERE ARE YOU TURNKEY INVESTORS GOING?? I'm curious as to what states and submarkets you turn key investors are targeting right now. With everything that's going on at the moment and the state of the RE landscape, where is the COC right now in decent areas.

Too many people misleading about the areas that I would rate as a D on a good day as B neighborhoods. Insanely frustrating. When the area you operate out of is 2nd to last out of 100 rated in murder and property crimes compared to the rest of the country I would say rating it a B is a stretch.

PA, NW Indiana, Indianapolis, KC all areas ive been exploring.

Thanks Guys and Gals!!

@Chris Bodden

Ill update this post after tenant placement. Thanks 👍