Anyone used US Real Estate Equity Builder in KC MO? Need advice.

San Diego, CA · Member since 2017 · 70 posts · 23 votes

Hi, I am considering purchasing several Turn Key Properties from US Real Estate Equity Builder in Kansas City Mo. I am a new real estate investor and just trying to do my due diligence so I don't make a bad move. I am in California so I would be doing this remotely.

Can any of you give me some reviews, good or bad?

Any good advice? Other ideas? I will have about $100k to invest when my escrow closes here soon.

Just looking to buy and hold and collect rent. No rehab or flipping.

Thanks, Joe

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Jay HinrichsBusiness Member

Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes

@Fiona Matthews what total BS.. your not a client but somebody who knows somebody is or was and maybe... your simply not credible... Anyone who have followed my 13,000 plus posts and almost 12,000 votes compared to your 2 posts.. knows I am as agnostic on turn key markets as anyone and would never recommend buying lowest end ghetto type homes.. there is no doubt that their are companies out there that have or do operate in this manner.. USBREEB simply is not one of them.

Is there tenant risk in owning a rentals hell yes any rental in any state.. I have had A class brand new homes trashed personally... but to claim its their business model to deceive and ruin investors investments by simply placing fake tenants in their properties is just way off the mark..

It sounds like you have a personal grudge frankly for whatever reason.

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Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
9y
@Matt R. and you can go to Jackstacks for ribs.. that's primerib bones.. forget about real estate
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1 Reply
Rob Z.
Investor · Chula Vista, CA · Member since 2015 · 44 posts · 12 votes
9y
@Joe Koppel
Hey Joe,what did you decide on, still on the fence?
0 Reply
Michael Sarrail
Upland, CA · Member since 2015 · 21 posts · 7 votes
9y
@Joe Koppel ... what did you do?
0 Reply
Joe Koppel
OP
San Diego, CA · Member since 2017 · 70 posts · 23 votes
9y
I am in the middle of purchasing my first rental from USREEB and I think I will also do some investing in Holdfolio
1 Reply
Logan Ho
Rental Property Investor · Aiea, HI · Member since 2016 · 33 posts · 11 votes
9y
@Kevin Kite It has only been a couple of months since you last posted to this thread but I was wondering how is your ongoing experience with USREEB been? Are still pursuing purchasing more properties through them or have you found another provider? I am in the process of finding a KC turnkey provider to hopefully make another purchase in a few months and USREEB was one of interest was hoping to hear experiences others have had. Thank you!
0 Reply
Joe Koppel
OP
San Diego, CA · Member since 2017 · 70 posts · 23 votes
9y
I am in the middle of my second one from USREEB and so far everything has been good. I am waiting for the first one to close, probably next week and I just started on another one.
0 Reply
Kevin Kite
Investor · Los Angeles, CA · Member since 2016 · 69 posts · 46 votes
9y
Hi guys, my 55k property appraised for 70k. I'm closing on two more the 28th. I recommend USREEB
2 Reply
James Wise
Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
9y
I have never heard of US Real Estate Equity Builder so I have no dog in that fight. However I saw this quote in one of the posts earlier in the thread.
Bottom line, the property might be OK, but you could also do the work yourself the hard way (find a property, get it inspected, interview contractors to rehabs it, and locate a legitimate, licensed and insured PM to manage the rehab and place a tenant). You'll save a bundle.
Of course it is cheaper to do all of the work yourself. When you purchase turnkey you are buying a product from a service provider, who of course needs to be paid for said service.
When I need to fix my car I expect my mechanic to charge more than if I did it myself. Just like I expect my steak to cost more at a 5 star restaurant than in my kitchen.
It's very important for those looking to purchase turnkey products to know what they are purchasing and why.
1 Reply
Kraig Kujawa
Investor · Orlando · Member since 2016 · 151 posts · 72 votes
9y
@Kevin Kite wanted to check in - how are your turnkeys doing now?
0 Reply
Vince Scolari
Investor · San Jose, CA · Member since 2016 · 47 posts · 16 votes
9y
Has anyone sold a property purchased through them? Just curious of your experience. Thanks.
0 Reply
Joe Koppel
OP
San Diego, CA · Member since 2017 · 70 posts · 23 votes
9y
I am closing on number 3 property this week from USREEB and another in another week or two. It is working out so far.
3 Reply
Kevin Kite
Investor · Los Angeles, CA · Member since 2016 · 69 posts · 46 votes
9y
They are still doing great, as you may have heard, there was historic rain/floods in KC about 6 weeks ago. 1 of 3 of my properties were hit. I believe dozens of USREEB properties were hit. They had their crews on them right away and sent us emails telling us they would update us when they could. So there I was waiting to hear what damages were going to be, afraid that it would eat all of my profits. I was glad to hear it was only $191 to fix a drain in the basement. I had one more maintenance charge to fix a door for $50. These are all things I budgeted in my numbers so I am not worried.
Joe congrats on the 3rd!
1 Reply
Charles Gierzak
Real Estate Investor · Franklin, OH · Member since 2017 · 5 posts · 0 votes
9y
no reply to contractors!!!!!!
0 Reply
Joe Koppel
OP
San Diego, CA · Member since 2017 · 70 posts · 23 votes
9y
I would be careful about painting USREEB with a broad brush. Sometimes contractors are not the most scrupulous either. I own 4 properties and have had no problem.
3 Reply
Nicholas BaughmanPro Member
San Diego, CA · Member since 2017 · 61 posts · 20 votes
8y
I’m looking in to these guys too. As an investor, they have tremendously great reviews. However, the people who rent from them give USREEB horrible reviews. If I can get reassurance that their customer service is top notch as well I’d feel even better about investing with them.
0 Reply
Hilary Handshuh
Chicago, IL · Member since 2016 · 3 posts · 2 votes
8y
I am looking into this company and have the same concerns as @Nicholas Baughman. Google reviews from renters on this company are terrible. A lot of complaints about maintenance and big problems like sewage and foundational issues. Surprised this hasn’t come up more in the forums. Seems like a big red flag to me. Any additional perspective from those who have been doing business with USREEB?
2 Reply
Akash Jain
Investor · Emeryville, CA · Member since 2015 · 24 posts · 21 votes
8y
My experience with USREEB. I recommend them. https://www.biggerpockets.com/forums/92/topics/508...
1 Reply
Nicholas BaughmanPro Member
San Diego, CA · Member since 2017 · 61 posts · 20 votes
8y
@Hilary Handshuh I’ve been looking at Memphis Investment lately. Check them out too.
0 Reply
Yin Y.
Las Vegas, NV · Member since 2015 · 6 posts · 6 votes
8y
This company is irresponsible and shady. If you're an investor or renter, RUN! This is not worth your time, money, & emotional well-being!
0 Reply
Joe Koppel
OP
San Diego, CA · Member since 2017 · 70 posts · 23 votes
8y
***
0 Reply
Don SpaffordPro Member
Investor · Idaho Falls, ID · Member since 2016 · 935 posts · 629 votes
8y
@Kevin Kite @Joe Koppel Hey guys, thanks for your remarks here. I'm now also looking into this company but with their properties in Ohio. I've spoken with then on the phone and shared a few emails asking questions. Have either of you or anyone else here had any experience with their Ohio properties? And how has the overall experience with them been up to this point now that more time has passed? I just want to be sure I don't get hit with unexpected fees that completely ruin the expected returns. The few negative remarks in this thread of course worry me, but they have hundreds of customers so I expect as any review of any product or service, they are never 100% good. I just like to have the odds in my favor and check out as many reviews as possible.
0 Reply
Leif Eckersberg
Shorewood, IL · Member since 2017 · 2 posts · 0 votes
8y
I just had an experience with Mackaylee Beach, with USREEB that was a total turn-off.
0 Reply
Joe Koppel
OP
San Diego, CA · Member since 2017 · 70 posts · 23 votes
8y
I would be careful about badmouthing this company. I have had a few bumps in the road as well but USREEB has always made it right with me. Everyone's experience will be different. Mackaylee has always worked with me and been very helpful. I have had some issues with the property management side too but they have brought in someone new to manage it and it is getting better. You need to hire an outside independent inspector when buying because this is part of your due diligence. I have 5 properties with them and I am way over in California and have never been to KC, MO
I am going to buy another one this year.
2 Reply
Rachel Bier
Investor · Napa, CA · Member since 2016 · 77 posts · 80 votes
8y
I have to agree with @Joe Koppel, Mackaylee is fantastic to work with and she goes above and beyond her role in the acquisition process and beyond... I cannot fault her at all.
3 Reply
Leif Eckersberg
Shorewood, IL · Member since 2017 · 2 posts · 0 votes
8y
Originally posted by @Joe Koppel:

I would be careful about badmouthing this company. I have had a few bumps in the road as well but USREEB has always made it right with me. Everyone's experience will be different. Mackaylee has always worked with me and been very helpful. I have had some issues with the property management side too but they have brought in someone new to manage it and it is getting better. You need to hire an outside independent inspector when buying because this is part of your due diligence. I have 5 properties with them and I am way over in California and have never been to KC, MO
I am going to buy another one this year.
"I would be careful about badmouthing this company..."
Really now, Mr. Koppel?
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