All Forum Posts by: Eric V Harding
Eric V Harding has started 7 posts and replied 18 times.
Post: Buying a turnkey in cash
- Investor
- Los Angeles
- Posts 18
- Votes 12
The high interest rate makes everything unattractive
Post: Buying a turnkey in cash
- Investor
- Los Angeles
- Posts 18
- Votes 12
Quote from @Vadim F.:
Quote from @Eric V Harding:
Quote from @Vadim F.:
@Eric V Harding have you done your research on the Cleveland market and the neighborhoods? What class area is this property in? If it is a lower class area make sure you have a solid team in place. Cashflow is very attractive out there but you can easily get burned if you go in without a plan and team in place. Also, if you are going to be netting under a 10 cap on a multi family, you are better off putting your money into a 12mo CD account.
Thanks Vadim
What is your personal checklist for a solid team?
PM and contractor is all you need. A PM will either make you or break you.
Real estate attorney?
Post: Buying a turnkey in cash
- Investor
- Los Angeles
- Posts 18
- Votes 12
Quote from @Vadim F.:
@Eric V Harding have you done your research on the Cleveland market and the neighborhoods? What class area is this property in? If it is a lower class area make sure you have a solid team in place. Cashflow is very attractive out there but you can easily get burned if you go in without a plan and team in place. Also, if you are going to be netting under a 10 cap on a multi family, you are better off putting your money into a 12mo CD account.
Thanks Vadim
What is your personal checklist for a solid team?
Post: Due Dilligence Checklist for buying all cash
- Investor
- Los Angeles
- Posts 18
- Votes 12
Hey all,
What is your usual checklist process when you see a property that you like? Found a nice out of state spot and Im curious how you all would approach this after an inspection.
Duplex, C+ hood, seller down to handle repairs
Post: Buying a turnkey in cash
- Investor
- Los Angeles
- Posts 18
- Votes 12
Cant househack as Im married with child. Being that Im smack dab of Los Angeles, i can only LOL hysterically in regards to buying something local.
I hope Bassma ran away from the deal on that house!
Post: Buying a turnkey in cash
- Investor
- Los Angeles
- Posts 18
- Votes 12
Quote from @Nicholas L.:
not enough information
have you already made the offer?
is it your very first rental?
how did you find it?
do you have a local team?
what are the numbers?
Thanks Nicholas,
I have not made an offer yet and yes, this is my first rental. No local team yet. I am just flush and ready to travel, get a feel for the neighborhoods, and look for some REI-friendly realtors to find some off-market deals.
Post: Buying a turnkey in cash
- Investor
- Los Angeles
- Posts 18
- Votes 12
Been sitting on the sidelines for awhile and im prepped and ready to act.
Im going all cash on one multi-family property for good cashflow (which is my #1 desire).
What are some things to look out for that buyers dont expect when taking this route?
Post: Best Turnkey Providers of 2022 and Trends for 2023
- Investor
- Los Angeles
- Posts 18
- Votes 12
Quote from @AJ Singh:
Ca investors will not do their due dilligence to invest locally. Their presumption is always to go out of state. Once the CA multi family acquisitons achieve market rent in a couple of years, actually the rental yield numbers are as good as OOS.
I'm impressed with your optimism in CA multi family. Are you expecting this in the OC?
Post: Best Turnkey Providers of 2022 and Trends for 2023
- Investor
- Los Angeles
- Posts 18
- Votes 12
Thanks @Zach Lemaster. RTR's rep is second to none and your perspective on this carries a lot of weight.
Post: Best Turnkey Providers of 2022 and Trends for 2023
- Investor
- Los Angeles
- Posts 18
- Votes 12
How has your turnkey adventures gone this year? Any providers go above and beyond?
What trends and regions to you predict will happen next year?