Investor · Seattle, WA · Member since 2015 · 10 posts · 9 votes
I've worked with a few turn key providers for SFH to date and have found some really solid ones.
Does anyone have any recommendations for quality turn key providers that offer an inventory of multi family homes?
Jeff McIntyre
Turn key mfh is essentially an oxymoron.
You can be a passive in a syndication and that's easier than sfhs. But that requires you to be well networked to find the non crap deals.
I don't think there are any out there that deal exclusively in multifamily but I've seen the following offer multifamily turnkeys (mostly duplexes) sporadically: norada, bridge turnkey, goamerivest, Ohio cash flow, and one other which I'm not even going to mention since they offer duplexes in very questionable areas and their rehabs can be very much below par.
Multifamily properties are rather scarce today. There are not a lot of options. However, we do have a reasonable inventory of duplexes, triplexes, and fourplexes in various markets. Of course, these are all new construction. Pretty uncommon to find refurbished multiunit properties today.
Although some of them are on our website, we do have projects that are not posted. Feel free to contact our office for more information or send me a PM and I will put you in contact with the right people.
Hey Jeff McIntyre I'm doing some things with Justin Johnson in Kentucky. He comes across MF properties as well. He is on BP if you want to look him up.
Jeff McIntyre
Turn key mfh is essentially an oxymoron.
You can be a passive in a syndication and that's easier than sfhs. But that requires you to be well networked to find the non crap deals.
Lane has a good suggestion. If you are looking for turnkey, that tells me you are essentially looking for a passive investment. Why take a chance on yourself, not saying this in a negative bent, but your money is hard earned and you can be active w/part of your REI portfolio that you like to manage and oversee yourself and for your passive side, certainly find experts that syndicate and invest in value add large apartment communities w/very solid returns (10% CoC and 20% IRR). This is all these folks do 24x7 think about finding, acquiring, value engineering and ultimately providing them and their investors an excellent investment experience. It also is a great way to diversify your holding in different markets around the country that are growing faster and have great fundamentals.