We believe that a true Turnkey system has to provide everything for the out-of-state investor, in order for it to make sense for you.
We are well-connected in the Jackson and Memphis markets and, therefore, have established long-standing relationships with our vital resources.
We take care of everything, so you can simply sign the documents, put up the minimal down payment, if any … and bank your cash flow .
- We know the neighborhoods, the rental prices, the schools and the housing demand.
- We inspect all properties numerous times, before you ever know about them.
- We only purchase the properties that suit our criteria.
- Properties are inspected, again, by the rehab manager and once again by the property manager. (At least 3 times)
- We like to sell properties that need work, because it is often the very best deal for our investors -- IF we can meet the guidelines of hard money lenders.
- These short-term loans will cover the purchase price and rehab costs at 100% as long as the total amount does not exceed 65% of the ARV. (After repair value.)
- You will immediately have more than 30% equity in the property.
- Worst case, you may have a very minimum down payment.
- After the rehab is complete, you will then refinance with a permanent lender, who will loan up to 80% of appraised value; not contract price.
- Do a 30-year mortgage and repay the hard money lender. (You avoid the 10% down payment, because it’s a refinance!)
- Again, there is NO money out of your pocket, and you may be able to take some cash out at closing.
- If you had bought a property already fixed-up, you’d probably pay at least 80% of value, plus a 10% down payment.
- We have excellent, long-term relationships with permanent lenders, who will treat you with kid gloves. more...
- My rehab team has been with me for a long time and is second to none.
- We provide a 30-day guarantee on all the work, after we place a tenant in the property.
- We inspect the property before and after to ensure everything has been repaired, cleaned and ready for occupancy.
- My property managers are the best of the best. We’ve worked together for years.
- Another inspection is done, by the property manager, before a tenant is placed in the property.
- We handle the applications, run credit and employment checks, maintain the property and collect monthly rent money.
- We send you the rent money each month, withholding our small management fee.
- We provide you with monthly reporting and alert you to any repairs that are needed.
- You can rest comfortably, knowing we will handle all tenant-related issues for you.
As you can see … when we say Turnkey … we really mean it!