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Results (10,000+)
Jonathan C. Losing money on turnkey property. Should I sell?
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. 
Toya Mitchell Investor friendly attorney and title company
23 March 2024 | 4 replies
Please see the following website: https://ansonglaw.com/aboutCheers!
Angel Alicea Can you pay the difference between the county maximum for an FHA loan
23 March 2024 | 8 replies
Sometimes, conventional loans offer better deals if you have excellent credit. 
Vasudev Kirs Is it wise to self-manage a condominium?
23 March 2024 | 7 replies
If the net on the condo isn't large enough to handle a PM now, well you can only expect it to get smaller. 
James Haywood Ongoing Investment Analysis for Owners?
22 March 2024 | 5 replies
As in, there are a bunch of calculators and Excel spreadsheets out there that will project or estimate if the deal is a good buy.   
Sonya C. Questions about Series LLCs
23 March 2024 | 9 replies
You do not need a LLC for every property unless they are large multifamily assets in different locationsFor example worked with a company that had 5 buildings and 1300 units under one LLC.
Michael Baum Dwell article about STR rules in cities
23 March 2024 | 7 replies
Manually = impossibleAI municipal/county/state website scraping = maybecrowdsourced in the aggregate from individual law firms/real estate firms = possiblyA huge company or bored crypto zillionaire would have to do it and it might cost a fortune for the subscription. 
Trent Brodbeck Direct Mail Marketing
23 March 2024 | 11 replies
check out the ballpoint marketing website!
Keeya WangJones $250k ARR - How is it done?!!!
23 March 2024 | 20 replies
Hi everyone,After rigorous excel and a financial model based on all the feedback and advice, we made a decision to start in San Antonio, Texas.
Jonathan Price How do I access purchased Ebooks?
23 March 2024 | 2 replies
Sorry if this is a dumb question, but if I were to puchase a couple of Ebooks through the website, how do I access them?