All Forum Posts by: Kenneth Dai
Kenneth Dai has started 6 posts and replied 99 times.
Post: Out of state turnkey with Memphis Invest

- Investor
- Fairhaven, MA
- Posts 100
- Votes 88
@Matthew Diionno. Still going well with Memphis Invest. No issues, and even very little maintenance required. Good luck to you, Matt! I hope you add your experiences to the boards, as folks seem to constantly be looking for input from other owners. And BP is such a great place to share learnings/experiences.
Post: Out of state turnkey with Memphis Invest

- Investor
- Fairhaven, MA
- Posts 100
- Votes 88
@Veera Vala Took me a while to get back to this post. The other properties I purchased with Memphis Invest: one appraised at asking price, the other appraised a few thousand below asking price.
There have been no tenant turnovers in the past three or so years. The property management arm does an excellent job getting to lease renewals early.
Overall, the company has been an excellent way to invest in single family residences out of state, for what I want (mostly hands off, property solidly rehabbed, steady cash flow, consistent updates from property manager).
Post: Out of state turnkey investing in Chicago

- Investor
- Fairhaven, MA
- Posts 100
- Votes 88
Post: Out of state turnkey with Memphis Invest

- Investor
- Fairhaven, MA
- Posts 100
- Votes 88
Post: Out of state turnkey investing in Chicago

- Investor
- Fairhaven, MA
- Posts 100
- Votes 88
Post: Out of state turnkey with Memphis Invest

- Investor
- Fairhaven, MA
- Posts 100
- Votes 88
Post: Out of state turnkey with Memphis Invest

- Investor
- Fairhaven, MA
- Posts 100
- Votes 88
@Emmanuoel Haroutunian I don't mind answering your questions. Yes, the guidelines from Bigger Pockets and many members seem to indicate that there should be at least 5% put toward CapEx along with 5-10% on repairs. I did run the numbers with the 50% rule, and larger quantities for CapEx and repairs, which ends up with around $100 or so cashflow on a property. But when I asked about what types of repairs and CapEx to expect, it didn't seem like there would be any for at least 2 years, so it seemed sufficient to set aside 5% total for anything that might come up. I could be completely wrong, and find out all cashflow from several years is wiped out by one repair in 5 years. Maybe you'll get different evaluations from others who work with Memphis Invest.
As for how things are going - after this first year, still all smooth. The only expenses so far have been property management.
Post: Opening the Kimono: My Out-of-State REI Experience

- Investor
- Fairhaven, MA
- Posts 100
- Votes 88
@Warren Edward sorry, Warren, I also do not have a recommendation for Chicago attorney.
Post: Anyone worked with Profit From Rentals?

- Investor
- Fairhaven, MA
- Posts 100
- Votes 88
Post: Considering Turnkey Investment with Memphis Invest

- Investor
- Fairhaven, MA
- Posts 100
- Votes 88