Repair costs in first 1 month of owning (this is renovated house done by seller, not me.

Hi Everyone, I just found out about Prime Corporate Services (PCS) and had a phone call with them recently where they give their presentation.

Taxes, insurance or repairs, and then lose the property to foreclosure having pocketed what6 months or more rent payments with no expenses.  

They should have also gotten approval from you before charging and doing repairs.

Turnkey properties are already renovated and tenant-ready, meaning you can focus on the investment side rather than dealing with major repairs. 

I just listed my last property for sale, a fourplex in Pocatello, because now I focus more on commercial RE and syndications to be a true passive investor and not deal with tenants and repairs.

You can get a HELOC if there is equity in the property most likely, which there should be since you own it in cash, but you will just be decreasing your pay out and then may end up short in repair money, depending on how much it is worth.

If my house burned down and I was getting text and phone calls from people with unsolicited offers I would not be very kind to them. 

For BRRRRs, make sure to focus on accurate ARV and repair numbers.

Account for all costs, including closing fees, holding costs, and repairs.