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All Forum Posts by: Neal Stanfield

Neal Stanfield has started 9 posts and replied 36 times.

Post: Invictus Cash Flow in Indianapolis

Neal StanfieldPosted
  • New to Real Estate
  • Denver, CO
  • Posts 37
  • Votes 11

@Jack Liu - did you end up working with them? I am also looking at working with them.

Post: Invictus Cash Flow in Indianapolis

Neal StanfieldPosted
  • New to Real Estate
  • Denver, CO
  • Posts 37
  • Votes 11

@Steve Lehman

I’m looking at them as well (they were referred to me by my tax guy). Why do you say new builds are a big warning?

Post: Turnkey or not in IN, FL? ...the right PM...

Neal StanfieldPosted
  • New to Real Estate
  • Denver, CO
  • Posts 37
  • Votes 11

@James Wise - I read about Clayton Morris Invest story. It’s going to help me avoid some risks and some things to validate.

The PM company I’m looking at is Invictus. Do you have any thoughts about using the same company for both TK and PM if they offer both services?

https://www.invictuspropmanagement.com/contact-us/

Post: New to the forums , just had some questions????

Neal StanfieldPosted
  • New to Real Estate
  • Denver, CO
  • Posts 37
  • Votes 11

@Antonio Etter check out this podcast by BP on house hacking. It’s right in line with your 3rd question. Cheers https://podcasts.apple.com/us/...

Post: Turnkey or not in IN, FL? ...the right PM...

Neal StanfieldPosted
  • New to Real Estate
  • Denver, CO
  • Posts 37
  • Votes 11

Thank you for your insight. I appreciate it. 

@Ali Boone - thank you, can you send me a few options? I have been saving for the last 6 years and am just doing my due diligence now. 

@Mike D'Arrigo - thank you, I'll look at comparing those points to the different options 

@James Wise - thank you, I'll check out setting up alerts! I love the idea. 

Post: Turnkey or not in IN, FL? ...the right PM...

Neal StanfieldPosted
  • New to Real Estate
  • Denver, CO
  • Posts 37
  • Votes 11

GOAL: Purchase a sub 100k single or multi-family turn key property in IN, or FL for long term cash flow, (appreciation is a cherry on top) before Dec. 31st 2019. (this will be my first rental property and I could finance or purchase the property. I’m considering both). 

CURRENT PLAN: I was recommended to a turnkey provider who builds and BRRRs properties in IN, and FL (and other south markets). He has an excel sheet with all his properties, all the numbers for my returns outlined, financing (if needed), contractos, etc., and said I won’t have to pay his PM dues if the property is vacant (incentivizing them to make sure my property always has a renter).

CONCERNS: 
1. How do I qualify a turnkey provider? 
2. How to find other turn key providers to compare differences? 

3. What “other things” should I be considering that are typically outside of a turn key solution. 

Thank you for your help, I am excited to hear from the community and dive deeper into the insights and recommendations.

Cheers,