Looking for recommendations for single-family or small 2-4 door multi family Turkey providers in landlord friendly states. By turnkey, my interest is in them finding property, rehabbing as well as either managing it or a management company under their umbrella so I’m only dealing with the turnkey company. Also what is a good monthly CAC return and appreciation anticipated?
Anyone have experience using Spartan invest in Birmingham Alabama? They only do single-family. Any feedback on their returns and once you sold were you happy with the overall management & profitability?
Hi @Cindy Auch I use Rent to Retirement. You should check them out. I've vetted a lot of turnkey companies - actually visited Spartan Invest headquarters and spent a day with them to learn about their operations. I'd be happy to share my insights and experiences. PM me if you're interested.
I'd say CAC is so market dependent. Most turnkey companies do tend to inflate their numbers a bit and leave out PM fees and other transactional fees that add up. I'd say if you're getting anything above 7-8% in true cash on cash return (unleveraged) you're doing pretty well. Appreciation of course is highly speculative and market dependent. That said, there are certain markets that have a higher probability of appreciation based on macro factors like high employment, increasing population, warm weather, low taxes, etc.