All Forum Posts by: Tom Ott

Hey BP fam, 

I am a brand new investor and have decided OOS turnkeys is the route I am going to take. It might be because I am new and don't want to get burned, but I have heard stories of some turnkey companies being shady and having only their best interest in mind. 

My question is, what negative experiences or mistakes have you ever had/heard of from turnkey companies? I plan to go the turnkey route for my first 3-5 properties and maybe even all, so I want to make sure I choose a company that I can "partner" with for years and deals to come. 

Question #2, other than good reviews and referrals, are there are other good ways to vet these companies? Any and all input is appreciated! Thank you.

Honestly, I'm not in what many OOS investors would call 'good areas.' I'm in areas that OOS investors should stay out of unless they have a solid local team.  For your first venture in Cleveland I would talk to Tom from Smartland, and other Turnkey operators.  They operate in the 'good areas' and they will cash flow, unlike the Bay area, or Honolulu.  All the best. 

🤙🏽 

I’m close to purchasing my first turnkey and I wanted to see what others thought about doing this during a pandemic. With unemployment rates running so high it seems likely that I could end up with an unemployed tenant that’s unable to pay rent. I want to invest just not sure if now is the best time. I know there is probably never a perfect time for anything. Would be great to hear your thoughts

investor looking to invest single-family home looking for help in Cleveland Ohio area if you have any registered agents who works for investors looking to purchase some single-family homes . Homes 3/2 @1500 sqt. Low crime Area

Hi BP community,

I hope everyone's staying safe & healthy

Will appreciate the groups comment on investing in areas outside Cleveland, Ohio like Euclid. If one is looking for cash flow, where will you invest, properly type and how much property did you find success? For example, Euclid, Single Family, $70-90K.I had an agent, lender and some property that I made an offer but didn’t pan out due to issues found in the house, then i stopped due to pandemic and also rethinking my strategy. Thanks in advance everyone!

I currently work 50-60 hours per week and am looking for a more passive way to invest in real estate as I believe that will give me the highest return in the long run.

I understand that buying a turn-key property from a company is going to have smaller margins, but assuming that I’ve vetted the company and deal is it possible to make substantial income using turn key companies?

For context my goal is to gross $20,000/month.

Hello Everyone,

I am looking at options to get into real estate for the first time as a young officer in the military. I manage my expenses well and once I am settled for a decent period of time I want to make my first investment. I have done a bit of research (podcasts, forums, youtube, etc.) and have seen differing opinions on turnkey properties. I was wondering if anyone had suggestions or resources for some trusted turnkey agencies that you would recommend? As well as anyone who has connections in the Pensacola, Fl market. Thanks!

I have been following the Cleveland market for quite a while and now getting ready to invest in a B- to C class neighborhood for a Single Family home. Seems I am late to the party for anything of better quality as returns are slim to none now. I am looking for a reputable RE agent that can accompany me, preferably someone experienced with out of state investors, and who has an "inspector" mindset. My experience is very low and I will be glad to hear referrals, and if anyone has a good recommendation.

Thank You y’all

Knowing what you know today, how would you advise a new investor to invest 100k? I have done a lot of research on turnkey providers and am purchasing 2 properties already but would like to know what you have learned to be the best investment of your time and money to kick start your real estate portfolio. I know the turnkey model can work for some but the returns do seem to be low.