All Forum Posts by: Kumar R.

I am enriching from all the comments from BP members. This is what makes this forum a great place.

As many of BP members commented, I totally agree that there will be markup by the Turn-key, because of additional work and initial risk taken by them. But at the same time I also believe in 2% and 50% rule followed and preached by several BP members.

My though process when started looking for out-of-state property was to narrow down few markets having decent growth ( employment, population, etc) and find the turn-key companies in those markets that are doing decent job. If properties meets my requirements then buy and continue cookie cutter kind of approach so the business can scale.Now after reading last few posts as suggested by @McKellar Newsom and @Chris Clothier and others, I have to add due diligence as one of the important step whether I buy through turn-key or directly from an agent.

Thanks
Kumar

Thank you everyone for pitching in your views and comments.

Dale & Nate : I expect price of acquiring through turn-key will be slightly higher, not sure by how much ( 10 to 15 % more). But looks like, I am under wrong assumption that they would have less problems and would be rehabbed with better quality.

Jon: I agree with 50% rule & Real estates are not like stocks. I will start working on learning the markets. Thank you on all the pointers you have

Joel : I thought about loaning, but this still carry risk of lending to wrong people. And cannot leverage from lower rates and market downturn.
There are couple in the list that guarantee tenant an year, now after reading all the comments, this might be priced in the property price.

Jeff: Totally agree that having at least few concentrated at a location will be advantageous for management. But, I have to start with first deal, probably that is the toughest.

Michael : Searching through MLS is easier as you stated. It might be difficult to decide on the location unless I am local, even going there for couple of days may not let the complete story. This was making me to think on turn-key, but looks like more problems are bundled with turn-key investments.

Brian : I will pm and get more info on trenton management company.

Thanks again.

Hi,
My name is Kumar from Northern California, employed full time. Have spent several months trying to educate myself by reading most of the articles on this website.

I am a regular visitor to this website, this forum provides ..
# Great wealth of information on real-estate, concise but still well described for newbies.
# Information is shared by members who are actually doing this business, this makes it realistic.

Having spent some time researching on Turnkey projects, I am planning to start investing in out-of-state rental properties. Local properties are very expensive to invest in decent area, which would have been my preferred area to invest.

I have come across several companies that has turnkey offerings for investors.

Memphis ==> memphisinvestmentproperties.net, memphisinvest.com, Memphiscashflow.com, investornation.com

Ohio ==> Realestatedone4u.com

Illinois ==> Mackcompanies.net

midwest ==> Equityteam.com, Rpmmidwest.com

Cincinnati ==> Cincinnatireia.com, Cincyareaproperties.com, Meadowsteam.com

Alabama ==> Turnkeyventures.com

NJ ==> Trentonsrentalmgmt.com

Arizona ==> Arizonaturnkeyrentals.com, Pruvenrealestate.com, Homelovers.com

Georgia ==> keypropertysolutions.com, Gainvesting.com

North Carolina ==> retireonrentals.com

Florida ==> howtobuyusarealestate.com

Kentucky ==> peakkc.com

Are there are any members in this forum who are working with any of the above listed companies ?. All your suggestions are appreciated.

Thanks for reading.
Kumar