All Forum Posts by: Sean Lemon

I got on two calls with the Martels. The first one was when I was considering buying with Martel Turnkey. The properties I looked at online were in Detroit area and Ohio (mostly Cleveland). I don't believe that there was an additional fee but it's 20% down. They emailed their lenders, suggested property managers, etc. I felt they were honest and had a good system in place but told them I need to think about it. I just never bought anything through them because I went with Indianapolis metro area, a market I know much better since I used to live there. I don't know Detroit or Ohio so it would have taken more months of research.  

The other call was  the FlipSystem. They told me it was $15,000. I didn't hear anything about a $200 fee. I wound up networking with a  real estate agent on BP who works with investors in Indianapolis and I closed recently on a move-in ready house, which will be a long term rental. I negotiated an aggressive offer with the seller and we met in the middle. 

I personally wouldn't invest thousands of dollars into any program but it may work for some people. My agent has a team with contractors, etc so I'm looking into doing a fix and flip (still hesitating on flipping but I need to build more capital) or a BRRRR in Indianapolis. I would rather go this route and the seller pays the commission not me as the buyer paying additional fees.

U know a good agent will do pretty much all that in the price of the commission the seller pays.

This is a great point. I need to study more markets to see where the right investment will be. Just love the idea of someone streamlining everything for me in order to save time.