All Forum Posts by: Jay Hinrichs

@Karen Margrave 

Karen many instance's out of state investing for Califorina investors was coming up here to Oregon. Or to Idaho or Washington.. You won't hit Mid west numbers on the face but you WILL hit in between... There are no turn key providers per se in these markets.. As one would just find a nice realtor and go shopping on MLS>.. there are wholesale deals that folks can buy and fix up.. giving you a little better than market price.. But its much more LA in that regard.

For the new inexperienced Investor who may be buying their first property I am pretty keep on the idea of buying a 2 to 4 plex in the area they live renting out the other units.. Thereby either living for free or very close to free.. They can get in with FHA for 3/.5% down so even on a 700k property can get in for 30k or so.. And if you don't have 30k saved up you should not be buying property in ANY market .

@Jeremy Vogan 

@Brie Schmidt 

Brie can you help Jeremy get his site loaded up on turnkey review

thank you

@Tony Chen 

Karen thanks for the mention... AS much has been talked about with turn key out of state on this thread.. I don't have much to add other than there are literally 20 to 40 markets and 100's of turn key guys.. Some great some not so great.. Need to filter through also compare markets.. research areas of interest once one does that then they can hone in on a market and a company.

Tony I also wrote an e book for out of area investors.. Its not a promotional piece its a do's and don'ts and will give you some heads up on what to look out for when your going far afield happy to forward that on upon your request.

@Jeremy Vogan Morning Jeremy,, out of sheer curiosity how do you set up these guarantee's do you establish some sort of reserve accounts and have third party reserve study made then fund it ( like a sinking fund) We do this on HOA and condo projects that I owned.

Interesting concept from a rental stand point, and investor standpoint.. One would have to have grade A stock I would think to pull this off and make it financially feasible for the sellers. I do have first hand experience with some TK that tried this in C or lower class and of course it eat them up

 Turn key company could not stay in business with this list of items.. there is an assumed risk in any real estate endevour turn key or not.. If one did not want the risk's associated above then Rentals are not the way to go for this laundry list.. Try Performing Notes as an option.. fix and flips etc.

@Curt Davis   From my experience good TK operators will self warranty for items without advertising about them. those that advertise do take on substantial risks in my mind.

I do know of companies that have had major troubles with these types of guarantees and probably wished they had not done it. The reality is your not getting a FDIC guarantee your getting a guarantee form a company that you have no clue as to their actual financial situation at the time of the rental guarantee .. Bet intentions may not be backed up by financial reality. Much like those that guarantee Notes how golden are those gurantees past the company told you they guarantee them.. Is there money in escrow held for future loss's.. doubt it on both fronts

@Kyle D.   depending on where it is.. familiarize your self with   " Yazoo Clay"

@Account Closed 

@David Krulac 

  its funny once you get to a certain size PG's go away.. but were we all play 1 mil to 10 mil dollar loans PG's are necessary and required by lenders.

@David Krulac 

  as I expand my operations to the East coast I am running into this more and more.. out here in the west were we are Young in terms of years of fee ownership.. rarely do you run into this.. out in some of the markets I work were properties are have OLD Fee titles dating back 100's years it is not uncommon to have one buggered up about every 5th deal and require Quiet title to clear.