Turnkey investment in Dallas area

[Rung T.]

I am thinking to buy SFR turneky property in Dallas. I'd like to have positive cash flow with some potential appreciation (I'd avoid the property with cash flow only but no appreciation potential). Any recommendation on trustworthy turnkey provider? Is there any pitfall I should be aware for turnkey in Dallas?

Thanks

[Sam Bates]

Rung, 

I'm an active and passive investor and the turnkey provider I use is Memphis Invest. My properties with Memphis Invest are in Memphis, but the company has branched out and invests in Dallas and Houston. 

I've worked with Memphis Invest since 2014 and they provide exceptional customer service. Their model is to purchase a property, renovate all the big ticket items, and then put a tenant in the property on a 2 year lease term.  They are are the best company in the turnkey marketplace from a property management standpoint. They have over 3,000 properties so their system is a well oiled machine. I decided to invest with them to diversify my portfolio and treat these houses like a bond because the monthly cash flow is constant without any headaches.

Now saying that, if you are fine "hitting singles and doubles" I'd go with them. However, if you are looking for properties that give you plus 15% ROI they might not be the company for you. All the properties I've purchased in Dallas have significantly higher returns than my Memphis properties but I've put in all the sweat equity in my Dallas portfolio.

Andrew is correct. Most houses in Dallas have foundation issues, but this should not scare anyone from investing in Dallas. With Memphis invest they will fix your foundation and I would think the foundation company they use will provide a lifetime warranty. If you are concerned about foundation issues you can always keep a reserve to give you a piece of mind. 

If Memphis Invest does not suit your needs you could consider investing in multifamily passively. My company develops apartment complexes and other types of real estate. We syndicate each real estate deal which means we create a private placement memorandum (PPM) with the SEC and then raise money for each deal. All our deals have provided superior returns to our investors. If you would like to learn more I would be glad to speak with you in greater detail.