All Forum Posts by: Mike Burns

The media induced fear of a crash is great for acquisitions, but some people are scared to invest anywhere right now.

Like most places, the crime is concentrated in the inner city.  Stick to the burbs!

Great post Art! this is exactly what my company does for investors!  Fully managed

As soon as you have another 5% you can buy acquire another!

My company Turnkey BRRRR fully manages the BRRRR Method for investors. We provide fully renovated, cash-flowing properties at 80% of market value and the investor only pays closing costs. We tenant and manage the property for free for one year (8% thereafter) and warranty all of our work.

The only requirement to qualify is great credit, enough liquid cash to pay closing costs for each property, and a retirement account or liquid assets for reserves.  No job necessary.  See www.turnkeybrrrr.io for more details.  All properties are located in the excellent rental market of Kansas City, MO.  Properties are in suburbs with good schools.

Here is an example portfolio where less than $85K gets over $2M in real estate with $400K equity that cash flows about $3k per month.  This is the best opportunity I've seen in my two decades of real estate finance and investing!

Investment Info:

Single-family residence buy & hold investment in Tuppers Plains.

Purchase price: $2,000,000
Cash invested: $84,000

Acquire 10 residential SFR's worth $2M with 0% down. Required to pay 4 points and third party costs for an average of $8,400 on $200K property.

What made you interested in investing in this type of deal?

ROI, little money out of pocket, equity day one.

How did you find this deal and how did you negotiate it?

I offer these deals

How did you finance this deal?

Private loan for acquisition and rehab, DSCR loan for end loan.

How did you add value to the deal?

Renovation

What was the outcome?

Net positive $316K day one, $3K in net cash-flow per month

Lessons learned? Challenges?

Can only do 10

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Myself :)