Turnkey companies for SDIRA

[Anja Brey]

Hi BP, 

Has anyone used a turnkey company with financing in place to purchase RE in a SDIRA? If yes, which company have you used and would you recommend them?

I recently heard about Ron Blum and Express Realty Company. Any feedback on the company and their products? 

Thanks so much. 
Anja

[Chris Clothier]

Originally posted by @Mark Senecal:

I think it was Jay Hinrichs who posted a helpful hint to make sure you have enough reserves in your SDIRA when you are investing in property.  It never occurred to me that I may need money if the roof starts to leak.  I should have considered that.

So if I were to go with a turnkey property what amount or percentage should I keep in reserve for each property?

 Mark, I LOVE that you made this point for other investors.  If you are buying from a Turnkey company using a SDIRA, the best companies in the industry are going to prepare you to leave from a percentage of the buy price up to a dollar figure such as $10,000.  This is a must and if you are not being instructed to do this by your TK company ~ you need to work with a different company.

This issue has caused many investors to either have to restructure loans, borrow against future rents, sell their property or worse, violate their tax status in that account.

Glad you brought up the question!