Pukalani, HI · Member since 2018 · 11 posts · 8 votes
Hi all,
I'm an out of state investor, currently have one duplex in Indy and am looking to add to my portfolio with another duplex or SFH. My first experience with a local turnkey company wasn't the best, as it was marketed as "rent ready", but I had to put in some additional money to really make it ready. Any recommendations of turnkey companies that you've worked with are greatly appreciated.
Realtor · Indianapolis IN · Member since 2018 · 464 posts · 339 votes
5y
My thoughts are to build your own team and have your own property manager or realtor keep an eye on the contractor and vice versa. That way you have at least two people from separate unrelated companies telling you that it is a good deal. Talk to @Nick Guilioni first, but I would be glad to have a conversation with you as well.
Realtor · Indianapolis IN · Member since 2018 · 464 posts · 339 votes
5y
My thoughts are to build your own team and have your own property manager or realtor keep an eye on the contractor and vice versa. That way you have at least two people from separate unrelated companies telling you that it is a good deal. Talk to @Nick Guilioni first, but I would be glad to have a conversation with you as well.
Real Estate Agent · Denver, CO · Member since 2017 · 86 posts · 26 votes
5y
Hi Richard,
You might like our Hybrid investing model because it is hands off for the most part and has many other benefits.
Most of our investors are working W2 jobs and don't have the time for complex strategies like BRRRR. Some of them have done traditional turnkey or regular rentals and were looking for better alternatives.
I'm happy to share our investor overview video that dives into the basics and schedule a call to answer any questions if you'd like to continue the conversation.
Note that we can do deals in any market and are building relationships in Indianapolis, so the timing might be great for both of us.
Real Estate Coach · Venice Beach, CA · Member since 2012 · 6k+ posts · 3k+ votes
5y
What's your budget? Inventory is low across the board right now. New construction turnkeys are starting to make a big play into the market and you definitely wouldn't have to worry about it not being "rent ready" in those cases. When you bought that property, did you have a full property inspection done on the property prior to buying? How extensive were the things you had to put money in for? And was there no scope-of-work warranty? I do run a turnkey rental properties Facebook group, you can search it by that name, and there are tons of discussions on different providers in there.
Developer · Nashville, TN · Member since 2016 · 484 posts · 406 votes
5y
We have a turnkey company in Indianapolis. Lots of happy investors. But, like @Ali Boone said, inventory is tight. We are expanding our reach into other markets, just to be able to provide more cash-flowing properties to our investors. While having your own team is also a good strategy, just be prepared for a TON of competition in acquiring properties. We are passing on a lot of deals right now, as the wholesale market does not leave enough meat on the bone for an investor to make money. I would disagree that Roofstock is a good resource. When we looked at the commissions involved (and exclusivity) of listing with them, there was not one property we could make work for our investors...that was 18 months ago, BEFORE things got tight.