All Forum Posts by: Amir B.

Newbie here. I am considering both options (TK and or buying rent ready SFH or MFH). TK companies will not always be best the option but it depends on the person. Many seasoned investors wouldn't recommend TK but I see the appeal. I am still contemplating what to do myself.

Good luck.

0 Votes

@Account Closed

I will look for those 4 in Strongsville. Thanks.

1 Vote

Hi BP Community,

I am planning a trip to Cleveland in November to analyze the Parma, Strongsville, and Brooklyn area. I am considering a SFH or maybe a MFH. Has anyone had any success there? I am looking at properties under $120,000 price range. Looking for rental income.

Thank you.

3 Votes

Thanks for responding. I didn't end up working with them because of logistics. Their cash flow numbers were not as good as other TK companies. Yes, I agree the company is professional.

0 Votes

Ekaterina Stepanova What's the name of the company please?

0 Votes

In my opinion brokers are risky.

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Alex Zuroff Norda is a broker. I prefer the actual TK company.

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Hi BP Community,

I had the pleasure to speak to Anna DiDonato from JWB. I am interested in a TK opportunity. I ran across their website over the weekend by googling "best TK markets".

Has anyone worked with them? I would appreciate any feedback.

Thank you.

0 Votes

I would go with higher salary and advancement within the company. And don't forget about furthering your knowledge with school. Good luck.

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Originally posted by @Garrett M.:

No problem, @Amir B. There are definitely properties in Fresno that cash flow and are around $300,000. For example, just scan Loopnet - Fresno, and you'll find this fourplex: http://www.loopnet.com/Listing/19917623/2553-S-Hol...

Looks to be in fairly good condition, 7% cap rate, actuals of $22k NOI, and public records show the property was purchased in 2015 for $290k. "There's probably some wiggle room on price, and the financials are solid; I should take a further look." Or, at least, that's what someone who doesn't know the intricacies of the area would say.

Unfortunately, the moment I saw the cross streets, Jensen and Golden State in Calwa (an unincorporated CDP in Fresno), I clicked next. Cognizant of the demographic rules above, we know that this property is in a war zone. And we can confirm this by looking at criminal data in South Fresno. Finally, we should know that large stretches of Golden State are notorious for prostitution and drug dealing.

By contrast, let's look at a property in Clovis: http://www.loopnet.com/Listing/19833265/605-W-Ashl...

This fourplex is listed at $415,000, with a 3% cap rate, and actuals of $12k NOI. While the cash flow (if any after debt service) is trifling, I know that because this is in a great area (Willow and Ashlan, right next to Fashion Fair and Fresno State), I'm going to have a great tenant pool and feel comfortable visiting my property.

In sum, there are properties in Fresno that cash flow in your price range. You will; however, have to balance the potential cash flow against the many risks of owning in a war zone.

Thank you so much. That is something I am dealing with now in Sacramento. It's difficult to find a good area and positive cash flow in my price range. Would you recommend to stay near me (Sacramento-duplex) or try Fresno/Clovis-quadplex? This might be a tough question for you.

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All Forum Posts by: Amir B.

Amir B. has started 73 posts and replied 303 times.

Post: Turnkey purchase price vs comps and LLC

Post: Investing in Parma OH

Post: Investing in Parma OH

Post: JWB Real Estate Capital

Post: New Tenant Turned Bad or TK Company Screening Issue??

Post: 2 Turnkey providers listing the same property???

Post: 2 Turnkey providers listing the same property???

Post: JWB Real Estate Capital

Post: BP & REI Newcomer Looking for Career Advice

Post: Fresno, CA Advice