All Forum Posts by: Mark Shaffar

@Daniel Ryu

 Brandon hadn't heard of WeChat, my first thought was having a way to put your wechat QR code on your profile, but mainly I am curious what BP members think.

Hello fellow Bigger Pockets members from China, Taiwan, Korea, Japan, and all over Asia. I have been talking to @Brandon Turner about getting WeChat functionality on BP. Please chime in about how that could be done and what functionality you would like to see.

@Nicole PettisHope you a great meetup!

I hope everyone enjoyed the weekend!

@Mehran K.

 I'll look more into this this week. I suspect retail buyers were ignoring this because it had a broken furnace they didn't want to mess with. We own an HVAC dealership and can get a furnace installed for $1,500. This house is in great shape except for the furnace.

@Kevin DarrellYou could also get in touch with the Real Estate Investor Association in the areas they work in and see if anyone there has worked with them.

@Kevin H.you can try networking at your local REIA. Everybody says go to your local market first, but it completely depends on what kind of investing you want to do. Some markets have better cash flow and some have better upward potential. I made a ton of money betting on appreciation in Beijing, China and now have completely swung the other direction betting on cash flow from turnkey rentals in the Midwest.

Looks good to me. I think the biggest variable in that deal will be the tenant you place. Good luck!

 I bought 4 turnkey rentals from 2010-2012 in St. Paul, MN. Those had equity in a year and have grown 40%, but I don't think you can bank on that and you don't need to. If you are in a good market with low unemployment, low price to rent, and you don't overpay you lower your risk. The beauty of good cash flowing rentals though is that if markets tank you just continue to sit back and collect rent. 

@Harry Zhou

Disclosure: I work for a turnkey provider

>1.2% and >10% equity is possible, but difficult. The hard part is comparing apples to apples. Often in good ROI rental markets foreclosures bring down the values and in many places suitable for turnkey rentals the house prices are often less than the rehab costs. This results in wildly varying values on the same block. The MLS is not always going to be clear about the condition of the comps. In other words, it takes a lot more work to get an accurate valuation comparing a well done rehabbed home to inexpensive places next door that need updates. Good luck on your research!

@Michael Glunk

 what's your After Repair Value? You want to make sure you have some equity.