Retire-on-Rentals?
Has anyone had any dealings with this company? They are based in Charlotte, SC and rehab SFH, find tenants and sell them on together with the leases, and continue to manage them. The homes are generally in the +/- $100k price range, and rents offer a reasonable ROI. I'm guessing appreciation won't be big, but as a hassle-free toe-dipper investment, the risk seems negligible given the small amount invested. I'm sure there's lot's of downsides, but has anyone used them, or any companies offering similar services?
Most Popular Reply
my advice to youif you want decent returns, have cash to invest, but dn't want the headache is to do private lending...if you want the 'glory' of owning propeties, then partner up with someone in the areas you're interested and take a percentage of cash flow and equity...you'll get a much better deal, even after giving your new parter his/her split....this partner will acualy have an ownership interest in the property versus the mananges who will just make more money off of you every time there's a repair or a vacanty bc they'll ge applications,and probably half of first month's rent...there's plenty of competent people on BP who could buy the rental you need, get it rehabbed and rented for probably less than half of what you'd pay with these turn key companies