All Forum Posts by: Alex Franks

@Harry Marsh yes zipcode or address would help folks

Originally posted by @Ian Kurela

I have to second this company and this man. If there are a success story and an incredible businessman. Engelo is truly that and he has a great company and product as well.

Engelo funny I was going through old emails and we were speaking many years ago. It was when you just got started. Its been a pleasure seeing your success and journey along the way.'

Again folks another company I would highly recommend as well. Really like his market and price points.

Alex

riginally posted by @Engelo Rumora:

Originally posted by @Account Closed:

Hi,

I’ve purchased 2 turnkey properties. My experience was with Ohio Cashflow and you can click on this link for my review of them:

https://www.biggerpockets.com/forums/92/topics/607571-ohio-cashflow-llc-review-2018

And there is another topic which is like master topic for Ohio Cashflow reviews:

https://www.biggerpockets.com/forums/92/topics/185261-ohio-cashflow-llc

To summarize very briefly, Ohio Cashflow and owner Engelo Rumora have a very strong online presence, which provided trust (You can easily spend couple of days devouring the content they’ve produced online). I’ve bought two houses via them and was very happy with the experience. One thing to always keep in mind is this business is never completely passive, even though it’s a turnkey you become a property owner so expect to spend a little bit of time on your rental estate investment every now and then. It is not like depositing money in your bank account and collecting interest. Another thing to keep in mind is, needless to say, you almost always pay more than the market price if you work with a turnkey company. That’s how they make money.

But if you ask me are these profits worth the time you spend on your investments, the answer definitely is yes. It’s not completely passive but it’s almost passive. And each time I read some property management horror story on this forum, I feel lucky that I worked with Ohio Cashflow.

Another option that I would like to mention is Andrew Fidler and his company LaPlante.I have never done business with him but he has some stellar reviews in the forum. His presence in forum and reviews he received also gives me the impression that he is a trustworthy business partner.

You can learn more about these people/companies by googling them or searching them in forum. Good luck!

Thanks for your kind words Ahmet,

We are happy to be of service.

Have a great day

Send you a PM

Alex Originally posted by @Chris C.:

What's the opinion on a large duplex community?  75 to 100 units renting for 1100-1200 per month?  The idea is to sell some and keep some?  

I acquired a great piece of land in a great up and coming area with road frontage on 2 roads.  Spoke with a builder last night and he said if we developed it with another project he is doing we could build for $80-82 per sf.  This does not include site development obviously.

I used to be in the turn key business 2009-2013. Yet one competitor stood above and beyond every one else. I was humbled by spending some time learning from him. Now there are alot of  good companies . Yet I feel these guys are the best of the best.

Look up @Chris Clothier and Memphis Invest.


I dont think you will be disappointed 

Alex


Originally posted by @Marcus Linehan:
First time Investor looking for advice on purchasing turnkey properties, best contacts / companies to work with and / or recommendations on City / States. TY!

Conact @Lane Kawaoka very smart guy from your market that has alot of know how on out of state investing and different markets.

Alex

Originally posted by @Benjamin Wiesnoski:

Hi everyone! I'm a new investor living in Seattle looking to buy and hold in the midwest. I'm originally from Chicago and have been looking at properties in Columbus, Minneapolis, Madison, Cincinnati, and Cleveland. Ideally I'd like to use a traditional mortgage to buy and hold a single-family home under $100k that cashflows positively. I'd love to connect with anyone involved in the midwest and look forward to becoming an active part of the Bigger Pockets community. 

-Ben W

I think the key word is balance. Knowing when we are going to be busy and not busy. Yet making sure we spend time away from the business is just as important. I always said we are only as good as our next deal.

For me personally, its building quality teams and overseeing them. The organization is the key and solid communication. Yet I try to take time during each day to be home to have lunch with my wife and work in the garden. Knowing in the evening I will be answering folks back. So again the word balance comes into play.

Alex 

Originally posted by @Jake Thomas:

I have been selling real estate for around 5 years now and always wondered if I work too much. My family is about to grow by one here in a few days (first child) and I wonder if there is any real benefit to being a realtor that stops working Friday at 5:00. There are several Realtors in my area that go by this model and it infuriates me when I try to call them after 5:00 PM or on the weekends. I answer my phone from 7 am till about 10-11pm depending on who is calling currently but as the volume of my sales increase this becomes tiresome. I want to feel like I am giving my clients the best service by being able to show houses 7 days a week but then I see these other agents that are still around and only working 5 days a week till 5 pm. I left Corporate America and that schedule a few years back with the understanding I would make more money if I worked harder and it has held true. Like anything, time management is important, but I want to see other people’s perspectives. Are you successful only working 5 days a week? Do you feel like you are losing money not working the weekends? 

deals are far and few but still around. Trying to buy 24 unit trailer park here in town. Owner is 89 and wants out . Her family does not want to deal with it.

I live in country side of Rock Hill so always looking for single wides on large chunks.of land as well.

 @Mike G.:
@Jon Dorsey Lonnie dealers. Now that’s a blast from the past. Poor old Lonnie. Obama administration and the Dodd-Frank act put an end to the Lonnie era of investing. And I say that with a heavy heart.

This was on older post I did here on BP

Please read the ones I put in Bold.. 

Its really about your goals and what you want to accomplish. Then slowly getting involved. Do I have time to flix and flip? Do I have teams in Place? So much more to consider. Yet what are your goals thats the main thing. Please bare with spelling and grammar I am horrible. Yet ask away if I can help?

• Knowing the NUMBERS( more folks should take time to do this than anything else)
• Educating yourself the business
• NETWORKING!( a must in this business)
• Building power TEAMS ( only as good as the team we build around us)
• Mentors ( to truly understand this word and why)
• Your WORD and why it is so IMPORTANT
• Credit, Reserves & Credit line( things that will help knowing while starting )
• GOALS / Roadmap / Accountability Partner
• HEALTH!
• HUSTLE!
• Mission statement “Both Business & Life”( business is great but must know what we want in life as well )
• 4 D’s In Life and Business and life(dedication, direction, drive, desire)
• Market Cycles ( understanding where we are today and heading tomorrow)
• Rush and Real Estate( never together in this business)
• Passion, Patience & Persistence
• Passive Income
• Stop and Enjoy LIFE!
• Hope this helps 

Alex

Originally posted by @Mack Owens:

Hello,

I am a certified newbie that has been spending lots of time trying to grow my knowledge and network on all things real estate investing. My spouse and I have targeted that we want our first deal to be a house-hack. Our goal is to find a duplex, triplex, or quad but we are on opposite sides of whether it should be a turnkey place or one that we can fix up ourselves. 

Would love some pros and cons for each option! Thank you so much for any help you can provide! Feel free to connect with me, I am located in Abingdon, VA.

-Mack Owens