All Forum Posts by: Antoine Martel
Antoine Martel has started 10 posts and replied 2212 times.
Post: Low Appraisal for a Turnkey Property
- Rental Property Investor
- Miami, FL
- Posts 2,325
- Votes 911
Originally posted by @Simon Asraf:
Originally posted by @Ron James:
@Simon Asraf I would appreciate an intro to MartelTurnkey's owner. Thanks.
Hi Ron. Reach out to @Antoine Martel. He is my main point of contact at MartelTurnkey, and can definitely help you in your search for turnkey rentals in Memphis.
Antoine - Ron is looking for turnkey rentals in Memphis, and I highly recommended your company to him. One of the turnkey provider companies he is currently using does not have an appraisal contingency which is why I think Ron would definitely benefit from your services.
Let me know if either of you have any questions!
Thank you so much @Simon Asraf.
Ron I would love to find a time to chat with you. Shoot me a message.
Post: 20 Unit Apartment Building Purchase - A Case Study with Antoine M
- Rental Property Investor
- Miami, FL
- Posts 2,325
- Votes 911
Awesome!
Post: Any one used Martel turnkey before?
- Rental Property Investor
- Miami, FL
- Posts 2,325
- Votes 911
Originally posted by @Joshua Paul:
Hey guys, just curious what your cash flow is on the deals you got through Martel and how you financed the deal?
Thanks in advance!
Joshua.
Most of our clients make cash flow per property of $200-250/mo.
Most of my clients buy rental properties through conventional financing and I have lenders ready to go for you.
Post: Any one used Martel turnkey before?
- Rental Property Investor
- Miami, FL
- Posts 2,325
- Votes 911
Originally posted by @James Wise:
Originally posted by @Joshua Paul:
I'm looking to start buying turnkey rentals in the next few months and I came across Martel turnkey. They seem legit, but I am hoping to get feedback from others who have purchased properties from them in the past. What was your experience? Pros and cons of working with them?
Thanks everyone!
My understanding is that he renovates properties then sells them to investors. He isn't a broker or PM so the management will be done by whichever local 3rd party PM you choose after the sale. So what you'd want to do is simply vet the product you are buying. A house is a house. Get an inspection & appraisal on the property. Ensure that the rental estimate provided is accurate to what can be expected in the market & you'll be just fine.
Correct James. We actually give all of our clients 3rd party property management on the ground.
Post: College degree for real estate agents ??
- Rental Property Investor
- Miami, FL
- Posts 2,325
- Votes 911
I would recommend it!
Post: Buy through LLC or personal
- Rental Property Investor
- Miami, FL
- Posts 2,325
- Votes 911
I agree with @Ali Boone, just use your personal name and get Fannie Mae financing right off the bat.
Post: Looking for a Turnkey Provider
- Rental Property Investor
- Miami, FL
- Posts 2,325
- Votes 911
Originally posted by @James Wise:
Originally posted by @Antoine Martel:
I have some properties I can share in Memphis, Birmingham, and St. Louis.
Let me know.
Nice. Shoot me an email at [email protected] & we can discuss the details further.
Emailed ya.
Post: Asset base lending...
- Rental Property Investor
- Miami, FL
- Posts 2,325
- Votes 911
Asset based lending just means that a lender will lend on the asset and not your personal financial situation. I use them when I buy apartment buildings that do not fit the Freddie Mac criteria.
Post: Funding my first real estate investment
- Rental Property Investor
- Miami, FL
- Posts 2,325
- Votes 911
How about if your investor funds 90% of the deal, you do all the work and then split it 50/50?
Post: Owning rental properties
- Rental Property Investor
- Miami, FL
- Posts 2,325
- Votes 911
I currently own 50 doors and started when I was 19