All Forum Posts by: Michael McManus

My first through Norada, Marco got me a property in Kansas City Missouri couple years ago: 5bd3ba for 100k. Mortgage impound account is for ~600$, rent is for 1100$, renters pay utilities. I like that the property taxes in Missouri are very small.

2nd/3rd I got with Nicholas Varner in Ohio (Holton-wise), 2 duplexes, one in Parma, Ohio, second in Cleveland Heights, Ohio. Parma (B class area) 3bd/1ba, 2bd/1ba Duplex for 100k, mortgage impound is for ~800$ rents for 1600$, I pay most utilities (tax deductible at least).

3rd is in Cleveland heights Ohio, bought for 120k, 4bd/2ba, 4bd/1ba, mortgage impound for ~900$, rents for 1900$, I pay most utilities.

*note- I'm not affiliated with these companies in any shape or form other than purchasing from them. Holton-wise is not a traditional "turn-key" company, they have real estate agents, contractors, and property managers all in-house (so they can do everything a turn-key does).

Thanks for sharing!

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@Cody Evans, I will! Thanks!

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Thank you everyone for your thoughts and suggestions! I’ll continue to look into this avenue!

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Hey @Jay Hinrichs, thanks! I'll look for it! Is there a particular company that you've had experience with and would recommend? Same question to you @Ali Boone & @Tom Ott.

The reason I'm drawn to TK is because most of the work is done for you. While I can give some time to building a portfolio myself, I do run a few businesses with my wife and have children we love spending time with, haha.

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As I’m looking for my first deal I keep going back to turn key opportunities as an option. I’m curious if anyone has built their portfolio mostly or completely with turn key properties?

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Can you send info please? [email protected]

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@Chris Harkins, possible silly question (new to all this!) - With a deal like this, is financing flexible or would it require cash only?

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Are there any good investment groups near KOP, Pa? Looking to connect with other locals!

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Is buying from a wholesaler a good way to start? I'm eager to get my first deal done and it seems that working with a wholesaler would be a no brainer since they've found good deals. Or at least they should've. I know I'd have to dig into the numbers to verify.

Or would you suggest I stay away from that to start?

TIA!

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All Forum Posts by: Michael McManus

Michael McManus has started 8 posts and replied 35 times.

Post: Turnkey Rental (20% CoC Return) (2.26% Rent Ratio!)

Post: Who has built a portfolio mostly from turn key opportunities?

Post: Who has built a portfolio mostly from turn key opportunities?

Post: Who has built a portfolio mostly from turn key opportunities?

Post: Who has built a portfolio mostly from turn key opportunities?

Post: Who has built a portfolio mostly from turn key opportunities?

Post: 28% ROI Turnkey! $13K down, $352m CF, Seller Financing!

Post: Turnkey Property in Memphis - Only $39,900 - Great ROI

Post: King of Prussia Investment group?

Post: Is buying from a wholesaler a good way to start?