Multi-Family Turnkey Companies/Providers

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Multi-Family Turnkey Companies/Providers

Sean Connolly
Investor · Orlando, FL · Member since 2015 · 21 posts · 3 votes
Greetings, Does anyone recommend a reputable Multi-family Turnkey Company (that isn't Norada Real Estate)? I currently have some duplexes in Orlando, which is close to the city I live, and utilized MidSouth Home Buyers to purchase a SFH turnkey. The Orlando area has appreciated out of my comfort area and I was hoping to find a company similar to Midsouth. In that they rehab and manage a turnkey property for the buyer, except multi-family instead of single-family residence. I don't mind if it's out of state (I live in Florida). Thanks a lot for any help and recommendations.
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Ryan Keeton
Investor · Ashland, KY · Member since 2016 · 67 posts · 15 votes
10y

Hey @Sean Connolly if you would like to consider Kentucky let me know. Feel free to PM or just reach out. I have some contacts & good returns with MFR turn key.

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  • Ryan Keeton
    Investor · Ashland, KY · Member since 2016 · 67 posts · 15 votes
    10y

    Hey @Sean Connolly if you would like to consider Kentucky let me know. Feel free to PM or just reach out. I have some contacts & good returns with MFR turn key.

    1Reply
  • Peter F.
    Geelong, Victoria · Member since 2016 · 10 posts · 1 vote
    10y

    Sorry, I don't have any recommendations, but I am curious why you called out Norada. You had a bad experience? Or just they didn't met your requirements?

    0Reply
  • Sean Connolly
    OP
    Investor · Orlando, FL · Member since 2015 · 21 posts · 3 votes
    10y
    Peter F. Hey Peter, no bad experience with Norada. I'm just very familiar with them already and they didn't have the inventory I was looking for. I do listen to the owners podcast and have talked to people on their team. Very professional and nice to work with.
    0Reply
  • Mark Senecal
    Specialist · Piscataway, NJ · Member since 2016 · 65 posts · 25 votes
    10y

    Sean - Thanks for sharing your experience with Norada.

    0Reply
  • Justin Stamper
    Investor · Orlando, FL · Member since 2012 · 823 posts · 303 votes
    10y
    Sean Connolly how do you feel about the appreciation in CFL? Where do you think the market is headed?
    0Reply
  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    10y

    @Justin Stamper   we made it home.. thanks for the hospitality  !!!!

    Podcast Guest on Show #222
    JLH Capital Partners51 Review
    WebsiteView Page
    0Reply
  • Sean Connolly
    OP
    Investor · Orlando, FL · Member since 2015 · 21 posts · 3 votes
    10y
    Justin Stamper In Orlando it seems to be appreciating considerably. I've owned a few different primaries over the last 4 years and saw 17% and 10% appreciation in 2014 and 2015 respectively on my primaries during the time. My current home in Titusville seems to have gone up a good bit looking at the comps selling around me. I was really excited about buying multi-family's in the downtown Orlando area in 2014 because they had great rent to value ratios. However, I was only able to purchase two duplexes before those became too expensive for me at the time being. One duplex was purchased for 79k and rents for 1500 (overall) and the second one was purchased at 82k and rents for 1340 (overall). My property manager thinks those properties are worth around the 105-115 range. To me the area seems to be appreciating pretty rapidly.
    0Reply
  • Sean Connolly
    OP
    Investor · Orlando, FL · Member since 2015 · 21 posts · 3 votes
    10y
    Justin Stamper sorry I didn't seem to tag you properly in my post above.
    0Reply
  • Shoshana Shulman
    Investor · efrat, israel · Member since 2014 · 93 posts · 20 votes
    10y

    I'm looking to buy a duplex , and it sounds like Orlando may work for me.

    Could you tell me how to get in touch with Norada?

    Are they currently managing your duplexes and are you satisfied with them?

    Thank you.

    Shoshana Shulman

    0Reply
  • Justin Stamper
    Investor · Orlando, FL · Member since 2012 · 823 posts · 303 votes
    10y

    @Sean Connolly yeah I feel you man. Honestly I am afraid we might be near the top of the market and that now is not the time to buy rental properties. but idk. 

    0Reply
  • Justin Stamper
    Investor · Orlando, FL · Member since 2012 · 823 posts · 303 votes
    10y

    @Jay Hinrichs dude had a blast like usual! i think our oyster nights need to start being a quarterly tradition. **** we even got brandon and lyndz to sing country. haha!

    0Reply
  • Sean Connolly
    OP
    Investor · Orlando, FL · Member since 2015 · 21 posts · 3 votes
    10y
    Shoshana Shulman unfortunately I bought those duplexes a couple years ago and I don't really see deals like that specifically I Orlando anymore. However, I do see quite a bit over in the Tampa area but can't speak to how well those actually perform. On paper there are a lot that look great, but I don't have any first-hand owner experience there. Once I'm able to save up some more I'll probably take a harder look. Right now I'm pretty leveraged out. The duplexes I do own in Orlando im very happy with but ONLY because I have a great property mananger. I had to go through two others to find him. I believe Norada's website is noradarealestate.com. Their website lists the inventory they have and you can also schedule a phone session. I don't believe the do the Orlando market.
    0Reply
  • Sean Connolly
    OP
    Investor · Orlando, FL · Member since 2015 · 21 posts · 3 votes
    10y
    Justin Stamper I feel the exact same way.
    0Reply
  • Ali Boone
    Real Estate Coach · Venice Beach, CA · Member since 2012 · 6k+ posts · 3k+ votes
    10y

    There's some great MFR turnkeys in Philly and Chicago. Philly on the lower end of price points and Chicago on the higher end. Fully redeveloped (versus cosmetically rehabbed) properties in both of those markets. The Chicago guys are much easier to work with, Philly is very much for the advanced investor who doesn't mind a horrific lack of communication (but likes great properties). :) Reach out if you want any details.

    0Reply
  • Alex Fraher
    Real Estate Broker · Chicago, IL · Member since 2016 · 44 posts · 16 votes
    10y

    @Ali Boone, where would you recommend I find more info about MFR turnkeys in Chicago?

    0Reply
  • Ali Boone
    Real Estate Coach · Venice Beach, CA · Member since 2012 · 6k+ posts · 3k+ votes
    10y

    @Alex Fraher You can message me anytime.

    0Reply
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