All Forum Posts by: Andre Pinheiro
Andre Pinheiro has started 4 posts and replied 63 times.
Post: Turnkey/Rent Ready companies for out of state investing
- Rental Property Investor
- CA (orange county)
- Posts 67
- Votes 20
Quote from @Tarun Lohumi:
Quote from @Brian Berman:
Hello Bigger Pockets!
Currently hold a LTR in SoCal and looking for out of state opportunities to do the same.
Being that I do not have a team in place and am anxious to get started, I would love any highly recommended turnkey/rent ready companies that you have experience with and would vouch for.
Any contacts, watch outs and general advice is greatly appreciated.
Looking for similar information myself. Trying to get into real estate by buying my first out of state LTR. I know midsouthhomebuyers is good - but they have really long wait times on properties.
So looking for other highly recommended turnkey ltr providers.
My experience with them was not good. Tenant was late for months and every month I got the same old message from PM “ Tenant is keeping open the communication with them” but communication doesn’t pay the bills. Anyways I was expecting more from the management. Sold the house and invested in something else where I can get higher returns and way less headaches.
Post: Co-signer - Taxes after sale?
- Rental Property Investor
- CA (orange county)
- Posts 67
- Votes 20
Hi Everyone!
I will be cosigning a refi for my parents in California, my question is the following.
Once they sell their property am I still responsible to report on my taxes and possibly pay taxes on it? I'm not gonna be making payments or take any piece of the cake once they sell their condo I just want to help them lower their monthly payments but the same time I'm concern if I will get hit w/ taxes. Let's say they make 100k in profits is it 50/50 for the IRS? or how would it work?
Thank you in advance for your help!
Post: WHERE ARE TURNKEY INVESTORS GOING??
- Rental Property Investor
- CA (orange county)
- Posts 67
- Votes 20
I will be working soon with @Zach Lemaster too
Post: Turn-Key Rentals- Good or bad idea? What are your opinions?
- Rental Property Investor
- CA (orange county)
- Posts 67
- Votes 20
@Ronan Donnelly could you refer a reputable syndication company ? Thank you!
Post: want to invest in a turnkey property
- Rental Property Investor
- CA (orange county)
- Posts 67
- Votes 20
@Greg Moran the only problem is the long waiting list it’s about 8 months or so and you can buy only 1 each time. I’m getting my first one with them in September
Post: Newbie w/ a 100k to start
- Rental Property Investor
- CA (orange county)
- Posts 67
- Votes 20
Decided to go turn key to start, doing researches on turn key companies If you bought your property from them please leave a feedback. It will help a lot! I'm on the waiting list for Mid South home buyers ...
Post: Newbie w/ a 100k to start
- Rental Property Investor
- CA (orange county)
- Posts 67
- Votes 20
Thank you very much Alina! Great post!
Originally posted by @Alina Trigub:
Based on what you're saying, it doesn't sound like you have time to invest actively. There are multiple options within each niche, but you do need to figure out first how much time you can/want to devote to real estate investing. Here're a few articles to help you guide in the right direction:
https://www.biggerpockets.com/member-blogs/10850/85836-should-i-buy-a-turn-key-property-or-invest-in-a-syndication
Reach out if you have any further questions.
Best!
Post: Newbie w/ a 100k to start
- Rental Property Investor
- CA (orange county)
- Posts 67
- Votes 20
@Jon Schwartz thank you Jonathan! I'm looking at Indy also...planning to go there soon
Post: Newbie w/ a 100k to start
- Rental Property Investor
- CA (orange county)
- Posts 67
- Votes 20
Found the book, thank you all!
Post: Newbie w/ a 100k to start
- Rental Property Investor
- CA (orange county)
- Posts 67
- Votes 20
Originally posted by @James Wise:
Originally posted by @Andre Pinheiro:
Hi BP Family!
I want to start investing in RE to build a good cash flow. I'm not looking for flips since I never did this before, have no experience at all in this field but I do have access to 100k to start. I live in California kind hard to find cash flow properties here so I thought buying my first rental using a turn key company to buy out of state and start learning as we go.
I would like to know from you guys ( pros ) any ideas to start building a cash flow portfolio. I can't manage properties at this time by myself specially OOS. I'm a business owner, work long hours everyday but later on I want to make RE my primary source of income. Any advice will be appreciated.
Thank you guys and have a great day!
My advice would be to choose a stable midwestern matket and purchase B or C class assets with traditional financing.
@James Wise Thank you Sir, I watch your videos often...love it!