All Forum Posts by: Jason Burton

Will, Jon and David thanks for the realistic vision of the situation. I think I might hold off on the deal in CO for now and just keep saving and waiting for a good opportunity. I'm not sure where to start investing but I'd rather wait and do something that is feasible and realistic versus jumping into a 2 foot deep pool head first. I'm glad I found the BP nation to help me out.

Jon, according to the numbers the property I was looking at could have profited ~$130/door using very conservative calculations (I don't want to throw my money away :)). According to my agent it had four offers in the four days since it became available.

Thank you all for the sound advice. Definitely some things to think about here. I guess the thing I need to ask myself is what would be more manageable: doing a lot of investigating on a turnkey deal or working a rehab from long distance. I started to look into turnkey deals because I actually found a great deal on a REO property in Colorado. It's a great deal as far as the numbers go and I'd get a great ROI but once I started thinking about the work that would need to be done to get it rented (I hope I'm not overestimating the work it requires) I realized I don't have the time to travel back and forth and I don't know the area as much as I'd like to (for finding general contractors, PM, etc.). Any suggestions? Is a rehab difficult from long distance? I don't want to get suckered into buying a "lemon" turnkey like David mentioned but at the same time I don't want to have a property under rehab that I can't check on regularly.

Hey BP just looking for more information about turnkey deals. I'm in the military so I am moving a lot and have limited time off to travel back and forth to visit properties and do landlording myself so I've determined that turnkey deals are the best for me right now. Is this a good idea? I've read a lot about "hands-off" investors here and noticed a few people who are big fans of turkey deals like @Ali Boone so I'm thinking this is a good place to start. The only problem is how do I find these deals? Does anyone know of someone or someway to find legitimate deals that I can purchase. I'm ready to get in the game.

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I've learned a lot from reading this! Thank you to all the experienced landlords who have shared.

Jon Holdman thanks for sharing the "pro-rate the second month vs. the first month" idea. Very simple rule but for a new investor I never would have thought about that myself.

I'm a new investor with very little time on this site and I must say that this is an outstanding read. It answered a lot of my questions I clarified several things. The "real world examples" were great! Thanks for all the hard work that was put into this.

Hey guys and gals I'm obviously new to BP and REI so I'm here to learn and expand my little understanding of the REI world. I can't wait to finally get my feet wet and start owning and selling property. I am an active duty military officer so my situation is unique in that I will be moving around...this might prove to be a challenge so any and all advice would be more than welcome. I excited to be a member of BP and I look forward to reading and contributing to the forums and blog. My picture will be posted soon. Thanks for taking the time to read my post!