All Forum Posts by: John Powell

I went for like one day. I'm not really interested personally. They're model seems to surround finding private money to purchase properties dumped into a business account. You can then pay for the property outright and do lease options to bypass the head aches of rentals. I was going in hopes of learning more about traditional routes of investing, but it seems they want investors to pay for their coaching seminars. It seemed like a lot of people were injured or didn't have money that were attending, soo they decided to learn more about this path. Some people probably make a lot of money, but I just don't have a strong interest in this kind of investing. 

Hi, looking for investor friendly Contractors, Handy Men, and any other recommended professionals. I live in TUCSON AZ Looking to proactively build team and call referenced individuals. Any help is appreciated. Let me know if I can help in return. Feel free to PM me. 

Hi, I was recently looking at turnkey properties out of state and I've stared blindly at the MLS here in Tucson for a while. I had a couple of turn key props inspected and I passed on them in Kansas City. Too many issues for my taste. Structural home issues in basement/mold etc. I even tried an FSBO that was just too much work here in town related to the asking price. So, I've passed on three properties and lost a little money. I've decided turn key is not worth the risk.... I'm reading up more on ways to find properties and financing. Recently attended an AZREAI meeting and I'm wanting to just network more on here and get some head knowledge. The biggest road blocks for me, seem to be the best way to find properties(Or what works for you) and ways to obtain financing on properties off the MLS. I keep on getting the feel there aren't a ton of investors doing this and that it requires paying someone. Are there any people that get together and gain knowledge together/leads? The local meets are cool, but even once a week on a Sunday would be great!

Thanks for the information. I've looked at the numbers and it seems with cap-ex, income will be eventually ate up. The only saving graces I see from this is by looking at it as a long term investment, rather  than strictly cash flow up front, which is entirely doable, but it seems like the homes need to be sold after a set period of time before expenditures kick in. I figure after purchasing a set number of properties the mortgages can be paid off year by year and then income can be fully maxed at that point, which would offset cap-ex. 

@Jack Gibson, those are some decent numbers. If you don't mind me asking, are you working with someone to do the rehabs and paying all cash for purchases? The areas you're looking in? I'd like to talk more if you're open to discussions.

Thank you for the responses. @Amir Navabpour, That is the price point for a typical home in Tucson AZ. You're not going to cash flow much with that amount. Most investors bypass turn key due to lower returns and it being at a distance and look in their local area. I've heard of people finding a business partner to work with someone out of state to purchase properties to go through the rehab process. I personally would not do this unless I moved to the area and house hacked or received or received other forms of financing. I'm not the most knowledgeable person, but I've been researching for a very, very long time and I'm now just looking into possibly buying a property. The idea is to have enough houses and eventually start paying down the debt service on each house and retire of the income. It makes no sense in my opinion to hold onto a turnkey property to just receive cash-flow unless you sale it in 10 years or so after things start breaking. Cap-ex will kill that returns. 

I'd be there, but I am in Arizona.