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23 March 2024 | 14 replies
This isn't inclusive but should give you a good start.
24 March 2024 | 25 replies
You will sell the house for 550K and a great agent would create a sales environment to get you 650K see the difference?
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23 March 2024 | 10 replies
That's major in this higher interest rate environment.
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23 March 2024 | 7 replies
I am currently doing all of the work in analyzing deals and researching properties, I'm just curious if the new environment makes more or less sense to get licensed.Any insights are helpful!
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22 March 2024 | 6 replies
Rents are all inclusive of high speed unlimited internet, lawn care, housekeeping of common areas, and all utilities.
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22 March 2024 | 9 replies
Is this realistic in today's interest rate environment?
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22 March 2024 | 7 replies
They do charge a small yearly admin fee, like $200 inclusive of up to 10 properties.
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24 March 2024 | 19 replies
Hey mate,Sorry to hear about your troubles but it's not too uncommon.I've been in the turnkey biz for 10+ years now and have often been called the "bad guy" as we only sell to investors looking to purchase with cash.Many believe that because we only accept cash buyers, that we inflate the properties price which definitely isn't accurate.Quite on the contrary when looking back I feel that we under sold them lolWe can justify every one of our property prices with a CMA independent of our in-house sales.Whoever believes that financing a turnkey property makes it safe is wrong.Most turnkey providers or affiliates push the financing model (Even in today's high interest environment) to make more sales.They have "in-house" lenders or community banks that they establish relationships with and promise large volumes in loans.This in return get's rewarded with various favors and many are easily able to manipulate appraisals.Having flipped over a thousand properties, I know how easily an appraisal can be manipulated so for anything reading, "NO", financing a turnkey property doesn't necessarily make you purchase it for fair market value.To answer your question:When S#%@ hit's the fan like it did for you with this deal, I personally would always look to cut my losses and move on smarter and more experienced.Granted, over the years I have witnessed many investors buy 1-2 properties from my company and expect miracles only to get disappointed.
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24 March 2024 | 27 replies
Another is turn key buy n hold investors are re-entering the flipping environment.
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22 March 2024 | 19 replies
You already have done it before, and will be more experienced in finding another home to add to your stack.The current interest rate environment sucks for BRRR'ing.