Hey Pinny,When considering purchasing a turnkey property here are a few key points to keep in mind:Experience and Reviews: Research reviews and testimonials from other investors who have worked with RentToRetirement.

Future Rights: It is common for leases to either:Cover existing tenants and equipment: This means the lease covers only the equipment and tenants on the tower at the time of the sale.Include provisions for future tenants: Some agreements might allow for new tenants and equipment to be added, potentially impacting the compensation.Lump Sum Payments: When a lease is sold for a lump sum, it often includes a transfer of the right to collect future rents from existing tenants.

RE exposure will be there, just not this large allocation that BP thinks. yea and they are not stupid either because they know each local RE has more dependencies to supply-demand dynamics rather than interest rate alone.this is why even for hedge fund, they only purchase in certain area in bay area only like in cupertino or sunnyvale where it's good school district and next to Apple.

This includes a 4.2% increase in rent costs and a 2.5% increase in homeowner's equivalent rent.New Residential Construction Data: Housing starts increased by 3.6% in May 2024, reaching a seasonally adjusted annual rate of 1.72 million units.

Fourth, we wouldn’t need to take on debt to make the purchase and we’re comfortable with the costs and management of the place given our history with it.If we buy out the relatives, we would likely pay around $295,000, which we have available now.

I helping many clients use their VA loan to purchase properties in IB.

Also, you might actually re-rent it in 1 month, but you still get to keep the entire buy out purchase price. 

Quote from @Michael Wu: Most investors would be fine with a really nice spreadsheet purchased on etsy for under $10.

I've dabbled in the new construction space here in Chicago and there is A LOT that goes into it...I'd highly suggest spending some 1:1 time networking with some other investors like @Jennie Berger or @Prashanth Mahakali who are both Chicago developersYou make your money with the land purchase and then systems/processes/volume over time in the development game, but it's not easy and competition is high!

Purchase investors in or approaching executed agreement should check in with their mortgage professional for a quick updated quote, refinance rates particularly on expiring Jumbo & Super Jumbo mortgages could soon become more enticing.