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All Forum Posts by: Jon Gable

Jon Gable has started 2 posts and replied 7 times.

Post: share your turnkey experiences

Jon GablePosted
  • Huntington, WV
  • Posts 7
  • Votes 2

I was about to post a very similar topic before i found this thread - I'd like to resurrect it.

I have the exact same concern. With the apparent popularity of turnkey rentals - i'm really surprised that I don't find more personal experiences regarding them.

Post: Turnkey for First Rental Investment?

Jon GablePosted
  • Huntington, WV
  • Posts 7
  • Votes 2

We plan for our first investment to be an out-of-state turnkey. Out-of-state because we want at least the possibility of appreciation, and turnkey due to the very fact that we are inexperienced. It seems to me that you may be losing some profit due to the convenience factor - but as long as the trade-off seems beneficial to you, I don't see the problem with it.

I find it absurd that people buy turnkey properties without verifying and validating every piece of information provided by the seller.

Post: Interest rates vs rents

Jon GablePosted
  • Huntington, WV
  • Posts 7
  • Votes 2

I've been thinking a lot about interest rates, specifically, how I'm afraid of missing the boat on what are still historically pretty low rates. My question is this: do rents trend with interest rates? It seems logical - as borrowing costs increase, required returns increase as well to cover the additional expense. Has anyone actually experienced this via investing before and after the great interest rate slide?

Seems as though entering the market during a period of very low rates puts you at a perpetual competitive advantage compared to someone 5 years from now who's forced to borrow at double your rate.

Post: Full time job, Out-of-State: Build own team or go turnkey?

Jon GablePosted
  • Huntington, WV
  • Posts 7
  • Votes 2

@Dawn Anastasi @Marco Santarelli

Great to hear from both of you and thanks for the input. Good to know that I might be a little overly pessimistic when it comes to generating cash flow. Also great to see so many people that have solved the exact problems that so many newbies are facing.

Post: Full time job, Out-of-State: Build own team or go turnkey?

Jon GablePosted
  • Huntington, WV
  • Posts 7
  • Votes 2

I'm in a similar situation (looking out of state due to poor conditions in my region).

I associate cash-flow focus with something that's going to require more time and attention; I associate turnkey with basically resigning yourself to building equity. My reasoning is that with a hands-off approach, you'll likely be using a property manager for most of the day-to-day, which can substantially reduce monthly cash flow.

I might be off-base: Interested to see what other more experienced folks think. Personally, i'm looking to build equity in the medium to long term, I want to keep my day job for now, so a break-even level of cash flow is acceptable to me.

Post: New member from San Diego, but looking out of state

Jon GablePosted
  • Huntington, WV
  • Posts 7
  • Votes 2

I'm a novice, just getting started on front-end research. My primary focus is coastal Carolina's and Florida at this point. Would be glad to share some of my thoughts and findings gathered over the past few weeks, specifically on Florida.

Post: Hi all:Out of state - NC, SC, FL

Jon GablePosted
  • Huntington, WV
  • Posts 7
  • Votes 2

I'm a CPA in West Virginia interested in residential or vacation rental investment in Florida (Pinellas co. or reasonably approximate) and/or coastal Carolina's. Financially savvy, but new to the real estate world. Looking forward to connecting and collaborating.