At least 50% of turnkeys are currently questionable.5+ years ago, values & rents were increasing, so it was easy for the turnkey flippers to deliver.Now, values are up, but not increasing that fast, same with rents.Turnkey flippers are getting their profits squeezed with:Higher purchase pricesHigher material costsHigher labor costsLonger holding periodsSo, many cut corners or prey on cash buyers to overcharge them, using hyped ROI numbers.Even the turnkey, build-to-rent investors are finding their properties are performing as expected.

A trustworthy team can make the renovation process smoother and more cost-effective, ultimately increasing your profit margins.Remember, patience and persistence are key.

I don't think 50 cents or a dollar, as in this example, is going to make much of a difference either way.The OTAs will keep looking for ways to increase their revenues at our expense.

I’m especially interested in real estate syndications, but I don’t yet feel confident in my ability to properly vet deals or identify reputable sponsors.My wife and I are preparing to get started with small multifamily properties in the Midwest, although this strategy has risks and drawbacks as well. 

The seller was eager to close fast, and with Partner Driven’s backing, Marc could move quickly and make a confident offer.

Because they are highly motivated hustlers and are confident they will be successful.  

Ward III Really great checklist, completely agree that readiness drives confidence with lenders.A few elements we’ve found helpful to include as well:▪ Sensitivity analysis on DSCRJust a quick look at how the deal holds up under different rate or OpEx scenarios.Shows we’re realistic about what’s changing in the market.▪ Institutional OpEx benchmarksA one-liner that ties expenses to actual operator averages helps align expectations early.▪ Brief risk/mitigation bulletsDoesn’t need to be heavy, just shows we’ve already thought through the downside.Those couple of additions have made conversations with lenders much more efficient on our end, especially when moving from preliminary interest to real underwriting.Appreciate you sharing this, would definitely like to take a look at your full checklist PDF as well.

You have so little confidence in your "solid plan" that you don't want to "gamble" our own money on it, but would be fine doing that for a stranger?

Seeing the payment is no higher, you would think this is without higher risk of default.I would go 50 years every time if the only cost was 0.5% increase at rates that 30 year is near 6% and 50 year would be 6.5%.    20 additional years for 8.3% higher rate.   

What would you need to feel confident using such a structure?