All Forum Posts by: Christina Carey

I was thinking that too, Jay. I smacked another guy down on here not too long ago for being a cranky-*** negative nelly. Almost makes me wonder if the same guy has two BP profiles. IMO, if you don't have anything useful to contribute to the conversation, then it's best to STFU.

Originally posted by @Jay Hinrichs:

 Troll much Jacque  ???   uncalled for  and not appreciated I am sure by most.. for a free website to then pick on the founder like this is BS

@Mindy Jensen  we may need the Jacque button. LOL.

Hi @Marc S. If you plan on making a trip out here to Dayton, give us a shout. Maybe we can meet for lunch or an adult beverage. If you time it right, you can also catch the networking meeting that we host on the second Monday each month, where you can get the perspective of 70+ local people. @Darrin Carey usually posts it here on BP in the Events section.

Hi @Justin White - we're practically neighbors. We're in Beavercreek as well. If you haven't found it yet, we host a networking meeting nearby on the second Monday of each month. The next one is September 10th. It's usually posted in the Events section here on BP, but it can also be found on Meetup.com. We also have a very active local Facebook group you can join.

I would suggest calling at least a couple local licensed property managers and investor-oriented agents in the area and ask them about neighborhoods. Or even other local investors - anyone who doesn't have a vested interest in the sale should be able to give you honest advice. There is no website that I'm aware of that can substitute for boots on the ground.

Originally posted by @Ana Barcellos:

Amen to that, Chris. There are a few TK operators here in Dayton, but some are selling lipstick on a pig with a turnkey price tag. "Fully rehabbed" properties that I would be embarrassed to call turnkey in the condition at which they are being sold. It doesn't stop there - the advertised returns are based on proforma numbers so far from realistic, I don't know how they can sleep at night. Things like a 25% expense ratio for a single family house in a D neighborhood (the TK operator says it's a B though); blatantly false property tax numbers; unattainable rent rates ...

For those of you considering a TK purchase, a 20% expense-to-rent ratio is completely unrealistic for ANY single family rental around here, regardless of neighborhood class. 50% is more like it, give or take a little. It takes almost 30% just to cover taxes, insurance and management, let alone any maintenance, repairs, or capex expenses.

So many reasons why people should do their due diligence. Verify the information presented before making a purchase, instead of blindly believing promises of an easy ROI ... especially if you have no intention of visiting the area (also a bad idea). For a lot of the sales I'm seeing, the only easy returns are those the TK provider is seeing at closing.

Originally posted by @Chris Clothier:

Remember though, a great city may not have a high quality Turnkey company.  That is the key to your success.  The team you choose to work with will either make or break your investment.

Hi @Rochelle Flowers - we invest in that area ourselves. That's the Belmont neighborhood of Dayton. We have several single family rentals in that vicinity, and manage some for other owners as well. If you want to share the proforma with my (email is below), I can tell you if the numbers are realistic or not.

Spend $100 on a pro photographer. People are looking online, and your pics are their first impression. What kind of first impression do you want to make?

Hi @Gavonna Greene. I am a HUD-registered selling broker - I may be able to assist. Feel free to contact me at the email or phone number below.

I'm with @Chris Lucero - listen to your spidey senses. Especially since she doesn't want the daughter on the lease.

Nevermind - I didn't look at the whole page ... may turn out to be a dead end as well.

The BBB's mail to this company has been returned as undeliverable. We were unsuccessful in contacting the company by telephone, resulting in the BBB not having complete and current information.