All Forum Posts by: Ali Boone

I'm beyond late to this thread, so this may have been asked/answered already and/or you've already gotten the information you're looking for... but what specifically about your challenge is specific to you being a female?

Message me... I don't think I'm allowed to post a non-BP link in the forums. Or search Turnkey Rental Properties in the FB search and it should come up.

I don't think they'll let me put the link on here (I don't think we can put non-BP links), but you can send me a message and I can give it to you. One option is BRRRRkeys- those combine turnkey with the BRRRR model. The turnkey provider is still doing the work for you, but you're funding it (instead of them), which allows you to be the one to capture the forced appreciation from the work on the property. Have to be *really* careful who you work with on those though. For normal turnkeys, it's going to be a matter of doing the math. Would things change if you bought, for example, two $100k properties with 50% down instead of 5 $100k properties with 20% down? That's just for the HELOC consideration. But is it worth it? For good properties, yes, as long as the numbers work. You don't want to pay more for that HELOC than you're making on the properties.

Plenty of people will knock turnkeys, but I think they're great. They're far from perfect, and they have downsides, but I think they're a great option for a lot of people who the BRRRRs and other options aren't as good of a fit for. Sounds like you're one of them (so am I). I started buying turnkeys in 2011 and have worked with them ever since. I even run a turnkeys Facebook group. Lots of people out there who do really well with them. If you have any questions, ask any time!

Need more details. The answer to your question is in the numbers-- how much lower will your payment get to (and presumably then how much would your income increase) at the new interest rate. I'm often surprised at how little my payment might go down despite what seems like a notable change in interest rate. Two other factors then to consider are: how much time is left on the loan, and therefore how much of a difference will the refi make, and what will the closing costs be to do the refi? Just run the numbers, then you'll have an answer.

Thanks for the shout out Rachel! :)

Thanks for the shout out, Rachel! :)

Thanks! :)

Yep, I work with one of them based out of Atlanta. My personal property manager on some of my properties--they're doing that.

Yeah, happy to chat anytime about companies, and I also run a turnkeys Facebook group where everyone talks about different companies and shares experiences.