23 March 2024 | 14 replies
If so, it's likely going to be pretty safe.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/614413/small_1710868078-avatar-keeyawangjones.jpg?twic=v1/output=image&v=2)
23 March 2024 | 20 replies
I calculate their “safe/fire sale value” at $3.86 mil.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2249328/small_1683895272-avatar-jonathanc624.jpg?twic=v1/output=image&v=2)
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.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2949492/small_1708125442-avatar-sandys98.jpg?twic=v1/output=image&v=2)
22 March 2024 | 9 replies
I really see Columbus Ohio as an extremely safe bet for the next 10-20 years.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2345412/small_1713555276-avatar-griffinm22.jpg?twic=v1/output=image&v=2)
22 March 2024 | 19 replies
My question is whether I need to trust my analysis and agent to find a deal and wait for a BRRRR so I can scale quicker, or play it safe and crank out another house hack in May.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2626572/small_1697092409-avatar-danielw640.jpg?twic=v1/output=image&v=2)
22 March 2024 | 17 replies
This is not a safe neighborhood. $145K is expensive for that area.
22 March 2024 | 6 replies
Unfortunately, while that Should make things go more smothly with you through the City, it doesn't always work that way.A majority of the time, the City is willing to just "Accept the fact" that these enclosed porches exist, and as long as they are maintained in safe conditions you can continue to utilize them.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/520386/small_1621480997-avatar-amyh25.jpg?twic=v1/output=image&v=2)
22 March 2024 | 19 replies
You'd want to be safe and have 750 hrs of solid hours, such as negotiating, closings, rehab management, dealing with tenants etc.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2192608/small_1660236166-avatar-juliah51.jpg?twic=v1/output=image&v=2)
22 March 2024 | 22 replies
@Julia HagenIf they are all permitted, then I would safely say 10 doors.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1104636/small_1702426482-avatar-ryanthomson.jpg?twic=v1/output=image&v=2)
21 March 2024 | 0 replies
Treasury Bonds:Assumptions: A very safe investment.