All Forum Posts by: Tyler Caglia

 Thanks David! It was purely by chance, although it seems to be a very common setup for the C class neighborhoods I’m in. I’d actually prefer 4/2, but haven’t been successful on those bids yet and there seems to be much less of them out there. 

 Thanks Pedro!

 Feel free to PM me and I’ll help you out. They are a credit union located in CA though and I don’t believe they lend out of state. 

 In my own calculations - of course. On this post though I made clear they are not included in my cash flow projection. I do this for sake of clarity, you can see my raw numbers and apply your own tried and true calculations to it. Some people use a PM, others don’t. Some people assume 10% vacancy, others assume more or less. Same with maintenance. It’s all essentially an educated guess, so it doesn’t seem right for me to include a prediction when I’m trying to present raw data. Properties 1 and 2 are fully rehabbed, so maintenance has been minimal. There’s plenty of buffer there for a nice monthly cash flow. Property 3 is at best going to break even for now, but as I said that’s due to a long-term tenant paying way below market rent. That will improve over time to a positive cash flow but may not be as profitable as the other two. 

 Best of luck... hopefully this post proves to you that your goals are within reach. Feel free to reach out with questions along the way. 

 Thanks Adam, I agree. I’ve had many BP posts help me along my journey so far, so I wanted to try to give back in some way. Glad you appreciated it. 

 Thanks Rod!

 Thanks David. And congrats on your success so far. I didn’t put a whole lot of time into researching turn key for my situation. Turn key providers have done all of the hard work for you, and have taken on much of the risk involved with the process. Therefore I would assume they reasonably expect to be compensated for that and a lower risk investment is naturally going to come with less profit potential. However, that’s not to say they aren’t a good fit, and I’m sure there are plenty out there with decent deals. If I had substantial recurring cash flow that I needed to invest but limited time, I would certainly consider turn key or investing in large syndications.

Most importantly though, I like the rush of finding and rehabbing a property, seeing a plan come together, and learning lessons along the way. I don’t think I would experience that same level of excitement and interest with turn key. If you do try it out let me know, I’d be curious to know how it goes. 

 No problem, and yes absolutely feel free to PM me. My inbox is very backed up at the moment due to the interest generated from this post but I promise to respond as soon as I can. 

 Thanks, I appreciate it!