All Forum Posts by: Varun Sharma

The turnkey company takes care of everything from selling the home to property management. I've been fairly handsoff in the entire process. So effectively I don't have a team.

I've done all cash buys with a return of 7% cash on cash [no associated mortgage].
I don't really have a network - the turnkey company is my PoC and they manage everything end to end. I felt that with an all cash offer, I should be able to get better returns in these markets. The monthly rent to purchase price is typically 0.8 percent.

As a first step, I was only looking to be able to find better deals which have a nicer rent to price ratio [once the deal is done, a PM company can pick up from there].

Hi,

I'm an investor, residing in New York. In the past, I've done some out of state purchases [Memphis/Little Rock] through turnkey companies. Overall, I had a decent experience throughout the process as it generated good passive income and my involvement was minimal.

However, now that I have more time at my hand, I am interested in making the process and my investments more optimal in terms of cash flow. I'm not optimizing for appreciation at the moment (though it is a nice to have). Specifically, I'm thinking about getting properties which ideally satisfy the 2% rule or at least are significantly above the 1% rule (ratio of monthly rent to purchase price + renovation cost).

Given these goals and the fact that my constraints, I have the following questions:

a) Which markets are best to look at ?

b) How do i get started (like find properties that fit my criteria/constraints and then vet them, given I will likely be out of state) ?

c) If I do find a property that is in need of repairs, how do I go about the renovation process (given that I won't be onsite or close) ?

Thanks
Varun