Has Anyone Bought Turnkey Props from the following....
Hi- I'm looking for my first rental property... under $300k.. and since I live in Los Angeles I'm having to look outside of my area.... and I work, so I don't have time or money to do much traveling or heavy duty rehabbing... and I don't have boots on the ground anywhere. I'm considering Las Vegas, Phoenix and Palm Springs areas... but nothing yet so far... and none of those areas are as cheap as the midwest. It would be attractive to buy something Turnkey if I could find a company I felt good about. I've talked to a few. So I'd like to know whether anyone has had any experience with the following... good or bad... or any other Turnkey operations - thanks!
Chris Salazar/Arsenal Properties (they focusing on Davenport, IA)
Michael Drew/Real Estate Done 4 U (focusing on Indiana)
Aaron Adams/Alpine Properties (focusing on Indianapolis)
JWB Rental Homes (focusing on Jacksonville, FL)
Most Popular Reply
@Lisa Gauff
I’ll just throw out a couple ideas - I know of a company in Kansas City with a cool alternative to TK key concept. You buy houses that the company master leases from you for a rent by the room model. The cash flow is higher, the property management is free, and you get to hold assets in A and B areas. My problem with TK companies has always been that you’re buying at top dollar in crappy areas. At least that is what I’ve seen in the Kansas City market.
Another option is going passive in larger deals. Just a couple things to think about!