All Forum Posts by: Tanner Shore

Hey BP fam,

I am currently saving up to buy my first OOS deal and its taking a bit longer than I expected. I am able to save a couple thousand a month, but I am still a ways away. This made me start thinking that instead of just having that money sit in a high interest savings account, where else can I have my money grow while its waiting to be used to buy an investment property?

Possibly a dividend stock account, very conservative growth stocks, etc, etc. What do you guys do while you are saving up for a long time?

Thanks for any and all advice!

@Frank Jiang thanks for the pointers! Do you invest down in San Diego? It seems like all of SoCal is tough to find reasonably priced deals unless you are house hacking.

@Taylor L. thats what I am thinking. I don't want to buy a forever home, probably something I can live in for 2-5 years and then rent it out and move elsewhere.

Hi everyone,

I am having an internal debate. I am 23, and I plan on getting my own place soon. I live in southern California, so renting an apartment isn't the cheapest. I have found a few apartments for anywhere from $1700-$2000 per month. At these prices, I am thinking if it might just be better to buy a home for $350-$400k and have a monthly payment around $2200. This way, I will see the benefit of appreciation and start building equity and not waste money on renting an apartment that I'll only live in for a few years. 

All at the same time, I want to buy rentals OOS so I am not sure what route to take. I would love to house hack, but I would only want to with a duplex (because my Fiancee wouldn't want to share a unit with strangers) but duplexes aren't that available where I am. Any advice would be appreciated! 

@Lane Kawaoka that is a great point. Thanks for the insight! 

@Joseph Crunkilton thank you a ton. I am definitely not going to be paying over market value, but at the same time I understand the trade off of support, management, etc. that I am receiving from the provider. Have you ever negotiated a turnkey?

I appreciate your feedback!

Hi BP Community,

I have a quick question. I have the goal of purchasing my first turnkey property OOS by the end of 2020. I am still learning as much as possible right now and came across a question. I know that turnkey companies sell their properties either at or above market value because they need to make money on the deal, so my question is: Can you negotiate the purchase price of a turnkey property? 

If you've dealt with or invest in turnkeys, your advice/experience on the subject is very much appreciated! Thanks!

@Taylor L. @Ali Boone I appreciate the advice! Thank you.

Hey BP Community, 

I have been analyzing several different properties through many different turnkey companies, and it seems that it is much more difficult to find properties that satisfy the 1% rule. Obviously, the turnkey providers need to make money and mark the properties up, so does that make it acceptable to settle for a .8% or .9% rule? Cash flow is the ultimate goal, so if you have some insight please share!

Thanks!

@Mike D'Arrigo wow. This is beyond helpful! Thank you so much Mike. It’s very helpful to see a list of potential red flags and things that make turnkey providers a “no no”. Your insight is very much appreciated. I will definitely reach out with future questions!