All Forum Posts by: Keith Anderson

Originally posted by @Jay Hinrichs:

@Jeremiah H.

  just curious as an accredited investor have you considered a little diversification.. perhaps with short term debt deals that the top crowd funding sites like Realty Shares and Realty Mogul do?

Have you considered being a private lender or JV ing fix and flips that if successful would give you yields 3 to 5 times what a rental home will in the short term

would be interested in your perspective.

I'm accredited and not enamored with the crowdfunding models (so far). My interest in real estate is in the long-term benefits (equity build, cash flow, depreciation, etc), and all of the real estate crowdfunding platforms seem oriented to 12-36 month debt investments. 

Considering that I can loan money on platforms like Lending Club in increments as low as $25, diffusing the risk over hundreds or thousands of micro-loans, I don't yet see anything compelling about putting larger sums into individual projects.

@Jay Hinrichs

This is one of our major concerns. Aside from looking at homeownership rates in the turnkey neighborhoods and analyzing comps on the MLS, how would you suggest assessing a turnkey property's resale potential?

We wouldn't be banking on appreciation but wouldn't want to have to discount heavily below what we paid.

As a prospective turnkey buyer, this is a great thread topic. Understanding the economics of a turnkey operator's business model can definitely help you get a sense for the value you're getting and the sustainability of their operation. From what I can tell, the most successful operators have complementary revenue streams of fix & flip margin plus property management. The property management only starts to get attractive with scale, and it's tough to build scale without a large network of happy (and hopefully repeat) buyers.

Good on you for putting their interests first.

I'm in Boston with family in Denver and am in an eerily similar situation. Have similar capital and looked at both markets before realizing cash flow was nearly impossible.

I've been looking at Indy but am now exploring partnering to get into a bigger apt building in Boston.

Could that be an option in Denver? I've still yet to invest, but I'm starting to wonder if partnering is a way to access some of the properties I'm priced out of on my own.

@Scott Hetherington

Didn't mean to misrepresent your services, was just borrowing from a previous post of yours that stated "turnkey operators" are one of your sources of property:

http://www.biggerpockets.com/forums/92/topics/1415...

And then this article that describes HomeUnion as "turnkey":

http://uexpress.com/housing-scene/2014/10/24/turnk...

There is also this HomeUnion press release that describes HomeUnion's services as "turnkey":

https://www.homeunion.com/blog/homeunion-launches-...

I guess maybe you're using the term in a different sense, but given the threads I have discovered here I am probably not the only one that could use more clarity if I'm not supposed to associate HomeUnion with "turnkey operators."

HomeUnion and similar firms are often called "turnkey" companies on the forums here. I don't have direct experience with any of them, but I learned a lot by searching that term here on Bigger Pockets when researching HomeUnion.

Originally posted by @Mike Hurney:

@Keith Anderson  Welcome. As a Cantabrigian you may not want to rule out your own 'hood...

Haven't yet, but seems competitive and overpriced so far. Would be nice to find deals in my own backyard of course.

Marblehead is great; my wife's family live there.

Originally posted by @Shaun Reilly:

Hi Keith, welcome to BP.

...

Do you have some connection to the Denver area or just heard it was good?

Thanks for the welcome Shaun. I grew up in Denver and still have family there. May relocate there eventually too.

Hi all,

New member / investor just getting started with my education in RE.  Have always rented and appreciated the freedom that entails but also eager to explore the freedom that income properties can bring.

Probably unlikely to make investments in Cambridge itself, but will be analyzing deals throughout MA and the greater Denver metro area as I refine my investment strategy over the next few months.

Looks like there are several local investor clubs / meet-ups. I travel frequently for my day job, but I'll attend one of the meetings as soon as my schedule permits.

In the meantime, I'm just consuming information voraciously (books, forums, podcasts) and planning an attack. Will likely be looking at single-family homes or multi-family units to buy and hold, but still not committed to anything,

Please feel free to connect, and let me know if I can be helpful to you.

Best,

Keith