What is your current BUY formula for properties in this market?

Wrong Property Management ApproachIt doesn’t matter how good the people who are doing the property management are, if they are not using a property management approach designed for co-living, everyone loses.  

I had a flipper come to me asking about doing a new development.He would need $240,000 to purchase the land from a wholesaler and then he would have his GC partner get the construction loan but they cant get the loan if their is someone else that has a lien on the property so i would have to collateralize against one of their assets which they don't have.

Congrats on finding a property and a willing seller!

- properties going at a time as a sort of hedge against 1 contractor holding me back on 1 property rehab.

Nice property in Texas and the entry is 12k.

Makes complete sense to purchase a property that breaks even or loses money.

Instead, they get compensated by Turnkey providers or builders with a marketing fee:“…we as the turnkey property promoter gets compensated by and only by the turnkey provider or builder that we are working with, they are essentially paying a marketing fee,” ( Link ).

These costs are added to the basis since the property is not yet placed in service.3.

The property just needs to have a rental certificate.