Q: Who are you?
A: Founded in 2003, We’re a premier real estate investment firm providing investors with quality, rent-ready investment properties in markets with affordable housing and high rents throughout the United States.
Q: What is your definition of a “turnkey” investment property?
A: A turnkey property is located in a stable market in a desirable neighborhood. A turnkey property is in good shape and already has a paying tenant, offering great monthly cash flow. A turnkey property is also professionally managed so you never have to lift a finger. You just collect the checks.
Q: How do you select your markets?
A: We select markets based on a number of factors. At a high level, we consider economic factors that include job growth, unemployment, population growth, as well as the condition of the local housing market (inventory, price trends, etc.). We are market agnostic – which means we select our markets based on local economic and housing factors. We do not select markets based on fads, investor demand, or “sex appeal”. Markets must make sense from an economic and investment perspective.
Q: Do you manage the properties for clients?
A: We have professional local property managers that manage the property for you. We provide the initial due diligence on the property managers, as well as ongoing oversight and diligence on their performance. You are not obligated to use these property managers and are free to change them at any time.
Q: Can you help with financing my investment property?
A: Unfortunately, we can’t accept financing. Due to the fact that all of our properties are $50k or less, conventional financing is very hard to obtain. This is because IRS regulations require all loans to SDIRAs to be non-recourse loans. All of our properties must be purchased with cash or funds from your retirement account (IRA, 401k, etc.)
Q: How do I fund my SDIRA account?
A: There are a few different options to fund your SDIRA account:
Q: What makes your company unique?
A: We do extensive research on over 400 U.S. markets, always looking for the next gold-mine market. We strategically select our markets based on local economic and housing factors, not fads or investor demand.. In fact, all of our clients breezed through the 2008 housing market crash. We also provide our investors with unbiased counseling and advice. Our founder is a best-selling author and he’s been an investor for the past 12 years so he knows this business inside and out.
Q: How do you select your team of professionals?
A: From the initial screening of our service providers, to the ongoing positive experiences of our clients, we build and maintain a network of professionals eager to help you succeed. That’s our “Investor Network”. And if we receive a complaint from our members, those professional are investigated and removed from our Investor Network.
Q: Do you invest in real estate too?
A: Of course. Our founder, Brian Bagnall, started investing in real estate at the age of 22 starting with a single condo that he bought, renovated, and sold himself. He has continued building his real estate portfolio over the years.
Q: If your properties are such a great deal, why don’t you keep them for yourself?
A: Many times, potential investors question us as to why we aren’t keeping these great properties for ourselves. The truthful answer is that we don’t have the capital to do so. Every turn key rental we buy is one that we would keep for ourselves if it came down to it. However, as we’re a growing company, we need to continually sell these excellent deals onto our investors so that we can build an even bigger base of properties, clients, and connections.
Q: How does your company answer the concerns of investors investing outside of their own state?
A: We have specifically tailored our business practices to assist investors who either invest outside of their own state or are too busy in their daily lives to invest without assistance. We have put together a program where an investor has access to all of the needed services to make your investment a successful one. From the closing attorney all the way to the bug guy, our staff has every service imaginable ready to go to work for you.
Q: Can I talk to your clients or referrals?
A: Absolutely! In fact, we would hope that you would speak with our clients. In our years of business, we have never claimed to do everything perfectly and we are capable of making mistakes. Yet, we strive to set ourselves apart by promptly and accurately fixing mistakes and dealing with all of our clients in an honest, ethical and fair manner. That commitment to customer service has allowed us to grow and prosper along with our clients and has helped us forge relationships for life!
Q: Why should I work with you instead of a less expensive alternative?
A: We always advise our clients to never equate price with value. In our years of experience, we have found lower priced homes and lower priced companies are usually accompanied by more headaches, deferred maintenance and lost cash flow over time. We began to separate ourselves from other alternative investments by concentrating on higher value homes, more extensive front end renovation and a dedication to customer service. So while our price point might be higher, the quality of the investment and the experience of the investor are both unmatched by any other company. We aim to provide the highest value possible for our clients over the life of the investment.
Q: Are there still opportunities in today’s real estate market?
A: There are absolutely fantastic opportunities available today for real estate investors. Whether just getting started or trying to grow your portfolio, today’s real estate market has many solid investment opportunities available. Having a thorough understanding that there are multiple markets and sub-markets within each city, will help you to navigate and uncover the best opportunities that each city has to offer.
Q: Will I have to pay any taxes on my earnings?
A: When you buy with a SDIRA, your earnings are tax free like earnings from any other IRA investment.
Q: How do I sell a property owned by my IRA?
A: When you’re ready to sell a property that’s owned by your SDIRA, the SDIRA custodian will sign all the documents once you have approved them. Once the property has been sold, all funds from the sale are deposited into your IRA.
Q: Are your homes inspected by a licensed home inspector.
A: The quick answer is no. BUT they are inspected by our in-house rehab team which is just as good or better than a licensed home inspector. These are the same guys that are tasked with making any repairs to get the property rent-ready. Let me ask you a question… when’s the last time a contractor showed up at your home and saw something that needed to be done and didn’t put it on the bid? Of course, never. A contractor is paid by how much work there is to be done and that’s the case with our guys too. During their initial inspection, they literally tear the house apart and look in every nook and cranny to find anything that needs to be repaired. It’s also worth mentioning that we don’t buy 4 out of 5 houses we look at because it doesn’t meet our standards or pass the inspection. And you’re also protected by our 30 day warranty. If we did happen to miss anything on the inspection (hey, we’re not perfect), we will cover the cost of labor and materials for 30 days after purchase. You, however, are also more than welcome to have an inspection done at your own expense.
Q: Do you get appraisals on these homes?
Because we know each market that we work in intimately, it doesn’t make sense to spend $400 on appraisal for each of the dozen houses that we buy and sell every month. That adds up quickly. Zillow is a free online tool that is usually a great way to check values in the neighborhood. You, however, are also more than welcome to have an appraisal done at your own expense.
Q: How much does it cost to work with you?
A: Nothing! You do not “join” our website or pay for the right to view our properties. Our companies provide access to fantastic investment properties that, when you add all of our value added services to the process, allow you as an investor to save time, money and energy. This access is provided free and you as an investor are not asked or required to pay our company any fees for the opportunity to do business together.
Q: What’s my NEXT STEP?
A: Contact one of our Investment Councilors to ask any questions, or to discuss your investment goals. We are here to help you build your wealth and cash-flow with our turnkey real estate investments.