Did you ever hear of this turn key group?

41 Replies

Hi,

Has anyone heard and/or dealt with the Maverick Investor Group? I would like to get more feedback about them. Thanks

I have not heard of them. Is there a URL for their website you can share?

Sure it's http://www.maverickinvestorgroup.com/

I spoke with a member from the Maverick team once.  I said I was interested and left the conversation implying I would like to move forward and continue the process.  I never heard from them again...

Shawn M,
Wow! thats strange. Thanks for the post.

Disclosure: I am a partner of the company being discussed.

Shawn, 

Matt Bowles here, one of the founders and partners at Maverick Investor Group.  I am really sorry for the experience you had.  That is certainly not typical, but I take full responsibility for it and I apologize.    -Matt

I had a lovely conversation with @Matt Bowles  several months back.  He put me in touch with his local market specialist and I went to view properties in the market.  I haven't followed up or made a purchase, but that's on me.  I am also curious about anyone who has actually purchased properties through them and what their experience has been.  Thus far, my experience has been positive but I have not yet made a purchase.  

@Emily Powell

Which location did you see the properties in?

I saw properties in Philly.  

@Emily Powell  

Hi Emily,

I've been in discussions with these guys for properties in Philly.  What were your thoughts about the condition of the rehabs they're handling there?  Any feedback on the neighborhoods?  Was their description of the properties on par with what you saw in person?  Thanks in advance for your response!

The rehabs looked good.  They were all identical, from the paint color to the flooring to the same 5" kitchen, regardless of how large or small the kitchen space actually was...all of which I believe is normal for these types of companies who are turning over as many properties as these guys are (I believe they were turning over 40-50 when I visited).  The neighborhoods were definitely B, maybe even B-.  Not neighborhoods I'd want to live in, but that's why the prices are what they are.  I still haven't made a purchase, debating whether it's the right market for me. Do let me know if you move forward with a purchase, I'd love to hear how your experience is.  

@John Padeken

@Emily Powell

I have just started talking with Maverick as well.  I really want to add some duplex or triplex to my portfolio and they were the first company I found that had several multi-family properties for sale.  I don't mind B neighborhoods if the location is good.

I reserved a property from their latest webinar in Philly, actually the largest of their SFH offerings. Kind of wishing I'd picked up a second one, because the whole process has gone incredibly smooth and this is still only my first deal. So far from what I've seen, both the Maverick crew and the local turnkey providers they work with are very helpful and responsive. From all my phone calls, it also seems like they have a lot of experience dealing with newbies and enough patience to help walk them through the steps. So right now I guess I'm sitting and waiting for the rehab to get done and then some more fun will begin. I'll try to remember to post more about the deal's progress as we go on. If everything goes smoothly with this property, I'll definitely be picking up two or three more from their next webinar promotion.

@Alex SImon

I started the process today to get pre-approved to purchase a duplex in Phily through Maverick.  

Things still going well with your process?  What time frame are you looking at from reserving to closing? 3 months?

Thanks,

Allison

Hi @Allison Karrels -- Glad to see you're taking action to invest in real estate.  I'm curious to know why there is a 3 month timeline?  That seems unusually long.  Isn't the property renovated and ready for sale?

Continued success!

Medium norada real estate investmentsMarco Santarelli, Norada Real Estate Investments | (800) 611‑3060 | http://www.NoradaRealEstate.com

@Marco Santarelli - I am still early on talking with them. As far as I can tell so far the company purchases the home and renovates and secures a tenant and then you close on the property.  So I don't know for sure it takes 3 months.    I just recently bought a house from Memphis Invest and that process from start to finish took 2 months. Both places you reserve the house and wait while it get rehabbed before you close.

I like your places in Stone Mt. Georgia.  I wanted to try finding a multifamily for my next purchase and that is what brought me to Maverick and their Philly connection.

Just listened to their Philadelphia webinar.  It definitely piqued my interest.

What specific neighborhoods were these units in?

Originally posted by @Charles Wu :

Just listened to their Philadelphia webinar.  It definitely piqued my interest.

What specific neighborhoods were these units in?

 That is the part I need to research more.  Since your in Philly already driving past the places should be easier.   I don't have a house number so these are general locations.  

Some example addresses are:

North 54th Street Philadelphia, PA

North 59th Street Philadelphia, PA

Regent Street Philadelphia, PA

North Yewdall Street Philadelphia, PA

Wakeling Street Philadelphia, PA

I like the numbers they show for the properties, but I am worried about being in bad neighborhoods.  

I'm not familiar with all those streets, but I know north 50's is not someplace I personally would live, but it's not the most terrible. I guess that's what they call B neighborhoods. However, they can be good places to invest in terms of cash flow.

Originally posted by @Allison Karrels :

Originally posted by @Charles Wu:

Just listened to their Philadelphia webinar.  It definitely piqued my interest.

What specific neighborhoods were these units in?

 That is the part I need to research more.  Since your in Philly already driving past the places should be easier.   I don't have a house number so these are general locations.  

I like the numbers they show for the properties, but I am worried about being in bad neighborhoods.  

 

Allison -- You should NOT be investing in a property without doing your due diligence.  Knowing about the local market and the neighborhood is very important.  

I'm not familiar with those areas but if you have the full street address I'd be happy to generate some Neighborhood Profiles for you. 

Medium norada real estate investmentsMarco Santarelli, Norada Real Estate Investments | (800) 611‑3060 | http://www.NoradaRealEstate.com

@Marco Santarelli - I like your website because it provides a lot more details about properties compared to other companies I have looked at.

Your properties look very interesting.  Is Indy your only market with multifamilies?

Originally posted by @Allison Karrels :
 

@Marco Santarelli - I like your website because it provides a lot more details about properties compared to other companies I have looked at.

Your properties look very interesting.  Is Indy your only market with multifamilies?

Thanks for the compliment Allison.  We could easily put more but we reserve that additional information on the properties and neighborhoods for those who requested it.  Otherwise the website would become  "overwhelming".

Multifamily properties are less common than single-families but we do come across them in Kansas City, San Antonio, and occasionally in Birmingham and Menphis.

Continued success!

Medium norada real estate investmentsMarco Santarelli, Norada Real Estate Investments | (800) 611‑3060 | http://www.NoradaRealEstate.com

Matthew, 

Same issue here with other poster. I left multiple voice messages but no answer. I'm starting to doubt on your service unfortunately. Simple reply back phone call would have been resolved but nothing.

Disclosure: I am a Partner and co-founder of Maverick Investor Group.

Jin, 

I am a Partner and co-founder of Maverick and I want to personally apologize for your experience.  You are very important to us and I already had our Senior Portfolio Strategist call you this morning.  I asked him to give you his personal cell phone number so there are no more possible communication problems.  He said he did receive your voice message last night at 5:30pm EDT and had you on his list to call this morning (he is on Eastern time and was at a dinner meeting last night).  We aim to respond to 100% of phone calls within 24 hours.  If that did not happen the first time you called, then I take full responsibility for the performance of all my team members, and I will investigate to fix any internal issues on our side immediately.   Thank you for brining it to my attention.  If you have any future challenges with Maverick of any kind, please feel free to email me directly at [email protected]  We appreciate your business and I am here, along with my Partners and the whole Maverick team, to support you on your real estate investing journey.  We look forward to speaking with you today!