Investor · Fort Collins, CO · Member since 2014 · 123 posts · 329 votes
All,
I'm new to real estate investing and am considering a turnkey SFH buy and hold setup with an out of state company as a start. I am already speaking with MemphisInvest and may proceed forward there, but I am also wondering if anyone has had any experiences with a company called "Cash Flow Savvy." I know smart companies dedicate individuals to control the Google search results so I wanted to humbly ask this community for some honest feedback.
Additionally, if anyone has any other recommendations for out of state RE investment groups I would welcome that feedback.
Developer · Nashville, TN · Member since 2016 · 484 posts · 406 votes
7y
@Kathy Aillon They have a good reputation, but its my understanding that they are not a true turnkey, in that they do not have their own crews and property management. They contract with others in various cities to do their work, and make a markup on that.
My best advice would be to find a company that does it all for you....from acquisition through management....then they have "skin in the game," and are accountable to you having a good outcome.
Homeowner · Harriman, TN · Member since 2013 · 12 posts · 6 votes
11y
I have never worked with Cash Flow Savvy, but I do listen to a podcast by of the owners. His name is Matt Theriault. From his podcast, he seems like an honest guy that knows his stuff. Epic Real Estate is the name of his RE podcast.
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
11y
My advice is to start at home or close to were you live.. Look at 2 to 4 unit building that you can use your mortgage slots for.. cash flow is better and your there to over see it.. nothing worse than being 3 states away and your having issues. Not that you would have any but the law of averages most investors have some issues over time and if you can drive to your issues one can save a lot of time and effort as well as the grass is not greener most times.
Investor · Yokosuka, Japan · Member since 2014 · 631 posts · 184 votes
10y
@Trevor FleckDid you ever get your question about Cash Flow Savvy company answered? Did you decide on that or another TK company? What has your experience been like?
I'm also thinking about the turnkey model and have started conversations with Cash Flow Savvy. Interested in your experiences as well as other turnkey providers you think may be better. Please PM me; I'd love to get your perspectives.
Developer · Nashville, TN · Member since 2016 · 484 posts · 406 votes
7y
@Kathy Aillon They have a good reputation, but its my understanding that they are not a true turnkey, in that they do not have their own crews and property management. They contract with others in various cities to do their work, and make a markup on that.
My best advice would be to find a company that does it all for you....from acquisition through management....then they have "skin in the game," and are accountable to you having a good outcome.
Could you please tell me about your experience with Savvy? I’m considering using them for my first rental property and would like more info from the community!
DO NOT INVEST WITH CASHFLOW SAVVY. Mercedes is a complete scammer. Learn from me she screwed me out of $70K. Her marketing materials are all fake and lies. Buyer BEWARE!!!!