All Forum Posts by: David Esteban

@Alex G.

Thank you, with all the feedback I’m getting here in BP I’m now the thinking twice about this type of investment.

@Justin Tahilramani

Thank you for the feedback, since I’m fairly new to the RE investment I’m not seeing all the correct numbers, I agree with you.

@Dennis M.

Hello Dennis

When you put it this way it is really an eye opener, thank you

@Twana Rasoul

Thank you for the feedback

You are right, I will do a better research to make sure this turnkey investment is right for me right now.

@James Wise

Great info !

I will definitely follow those steps you are telling me and I’m googling that case right now.

With that I expect to get a better picture of this type of investment.

@James Wise

Thanks for the heads up

I will really reconsider this option

Hello,

I need some recommendation if a turnkey options is the best idea.

At the moment I live overseas working for a major airline.

I want to invest in rental properties and this turnkey option came across my research.

I have been talking to this big group that offer this option,

Please I need if possible a feedback wether this is a good deal and if you would take it.

It's a SFH 3/2 located north of the Tampa area ( holiday)

Their asking price is 125K which is about 6% over the market value.

What they offer I really like because gives me peace of mind being far away from the property.

They offer is the following:

2 year rental guarantee

1 year appliances guarantee

2 year PM cost covered

The rent at the moment is 900/month

Taxes are 65/month

Of course I need to add extra expenses such as insurance, water n sewer, lawn maint, etc

My plan is to finance it with an investment mortgage with 20% down.

Do you think is a good deal ?

Should I research for more options?

Is it a good idea to finance it with a traditional mortgage or are there any other ways to do it ?

I really appreciate any comments on this

Thank you