TURNKEY INVESTMENTS EDUCATION AND OPPORTUNITY EVENT: SATURDAY JUNE 9, 2018 9AM-1PM LOCATION: HILTON GARDEN INN 2100 MARIPOSA AVE, EL SEGUNDO CA 90245
Achieve Financial Freedom Through Passive Turnkey Investments!!
Most successful investors will agree that true financial freedom comes from achieving substantial passive income where your positive cash flow exceeds your required expenses. The very successful investors have figured out how to have their passive monthly income far out pace their monthly expenses enabling them to have very comfortable and enjoyable lifestyles. Many believe this type of lifestyle is only available to the rich, particularly if you live in California or other high-priced markets where prices and lending guidelines make buying income property very prohibitive. However, through education and exposure to the “right opportunities,” the goal of financial freedom can be realized by most of us with surprisingly little financial investment and time commitment.
This is why we are inviting you to our Education & Opportunity Event on June 9, 2018 from 9am-1pm. The event will feature high value, real world education on the nuts and bolts of out-of-state investing delivered by seasoned investors, lenders and local market experts. We are also excited to share over 50 available turnkey properties that you can purchase from local providers if interested. Our objective for this event is to have you learn, earn and grow through this powerful yet simple vehicle called Turnkey Investments.
What is a Turnkey Property? A turnkey property is a renovated home or apartment building that an investor can purchase and immediately rent out. Turnkey properties are typically purchased from companies that specialize in the restoration of older properties. Those same firms may also offer property management services to buyers, minimizing the amount of time and effort they have to put into the rental. Are Turnkey Investments for Me? This investment approach is especially appealing to individuals who desire the benefits of owning real estate, but do not have the time or ability/interest to renovate a home or handle management and maintenance issues. This is an ideal asset class for those looking for passive income with rates of return that exceed most other asset classes like stocks, bonds, CDs, etc. Investors can often see double-digit returns on the right turnkey investments. The Goal: To Realize and Grow Consistent Positive Cash Flow through Turnkey Rentals
Is financial freedom truly possible through real estate? What if we told you that not only is it possible, but it could be quickly attainable for even the average person with just a little planning and action? Imagine earning $8k or more per month in passive income with little management from your side. Now imagine having all that while sitting where you are without lifting your finger… Ok, maybe not that easy, you would have to at least lift your finger to endorse your rent checks. Welcome to TurnHouse Properties LLC, where we are focused on providing quality education and attractive turnkey investment opportunities.
How are you going to achieve it? First off, to achieve anything of value you need a goal, a plan to achieve that goal and an implementation strategy to see it through. When developing a real estate plan, you must define the goal, have a viable plan and a solid and reliable team to implement it. Most importantly if you're not sitting on tons of cash, you need a lender and financial plan that will make it all happen. We are a one-stop shop that can help you with all these necessary components. For example, if the goal is to make $4k per month in positive cash flow and each property generates $400 per month, how many houses would you need to buy to get to your goal of $4,000 per month? How about $8,000? You’ve done the math. Let’s make that math happen!!
Where are we buying these properties you might ask. Definitely not California. Consider this, we have a turnkey rental home in a suburb of Cleveland Ohio that we bought for $70,000 and it rents for $1200/month. We looked at a condo foreclosure in Los Angeles, CA with a similar bed/bath count and square footage that needed repair that cost $350,000 and it rented for $1200. We’d have to pay five times the amount in California plus renovation to get the same rent we would get in Ohio. See the problem with California? If you are buying for cash-flow, there is no comparison. You have significantly less risk with greater returns!
I like what I’m hearing so far… Now What?
Do your Due Diligence: (Things to Consider Before Investing Out-of-State)
✔ State Laws: Is the state tenant-friendly or landlord-friendly? You want to invest in a state that is landlord-friendly. This means that if you have a bad tenant, the laws work in your favor to get them out as quickly as possible. Tenant-friendly states tend to give renters so many rights that you could potentially be stuck with a bad tenant for months while your expenses go through the roof (pun intended).
✔ Market Trends: What are the population trends in the market? Population is probably the most important trend to look at because it is representative of other trends you want to research, such as industry and overall growth trends.
✔ Price-to-Rent Ratios: How much rent do properties in that market get compared to how much you have to pay to acquire them?
✔ The Neighborhood: Are home prices stable, going up, or going down? What about crime rates, walk scores, median income, school districts, pride of ownership, rental demand, owner occupancy, etc.?
✔Pros and Cons of Out-of-State Investing: Cons of Out-of-State Investing:
Unfamiliarity with the area
Less accessibility to the properties and team
Perception of less control
Pros of Out-of-State Investing:
Greater yields than in higher priced markets
Renovated properties (in most cases)
Tenants often already paying at time of purchase
No work required outside of normal maintenance
Standardized and rental grade materials make repairs less costly
Certain standard of quality guaranteed
Teams are already in place
✔ Your Execution Strategy: (To whom will you rent your properties?) There are potentially three different ways you can rent your properties:
Market rate tenants: Traditional tenants on a lease. Landlords are responsible for maintenance and repairs, but not subject to annual government inspections like section 8 rentals. Landlords also have more control over what happens with the property.
Section 8: A subsidized government program where rent checks are deposited into your account directly from the government. Generally, you can also get more in rent from a section 8 tenant, but have to comply with government housing standards and inspections.
Rent-to-own: These are tenants interested in buying the house. They put down a non-refundable deposit and are typically responsible for maintenance and repairs. Landlords often get higher rents and lower expenses, but may have to sell when the tenant is ready to buy.
✔How will you finance the property? Generally, there are 4 different ways you can buy these properties:
Cash: Easiest way to finance with the highest net cash flow per property
Conventional: Borrower based financing with strict credit guidelines, but typically have the lowest interest rates
Asset based: Underwriting is based more on the asset and its performance and less on the borrower’s qualifications. Rates are a little higher than conventional loans
Private financing: Private and seller financing available with minimum credit and asset qualifications up to 75 % LTV
✔ Why TurnHouse Properties? We are seasoned real estate investment professionals with real world experience buying out-of-state and in the markets we are sharing with you. We have also conducted a significant amount of due diligence on the markets, providers and properties themselves. We share all of our due diligence, inspections and reports with you to make your decisions easier. Here is a brief overview of our principals:
Aaron Berryman: Aaron Berryman has a proven track record of success in consulting, management and real estate. He was born and raised in Southern California and comes from a real estate background. Aaron went to Cornell University where he graduated with honors in Industrial and Labor Relations and garnered the Varsity Football Team’s MVP award. Aaron is the founder of Arrow Capital Group, a full service real estate investment firm that specializes in real estate sales, mortgages, private equity and investment. Aaron is a licensed real estate broker and has helped hundreds of clients with their real estate and financial services needs. He has also bought and sold dozens of properties in the markets TurnHouse Properties promotes and still has an active portfolio of properties in these markets.
Vish Iyer: Vish has bought over 200 properties out-of-state and built a $55 million real estate business with his partners. He is very active as an investor in the markets in which we are offering properties. Vish did his undergraduate degree in biology and chemistry, earned a master's degree in French, completed another master’s in business from the University of California, San Diego and gained yet another master’s in information systems from San Diego State University. He is also a best-selling author.
So if I was to do this, what might my portfolio look in five years?
Let's say you buy 2 properties per year in the Cleveland market with a positive cashflow of $400.00 per month. Your cashflow per month in year 1 is $800.00. In five years you will have 10 properties making you more than $4,000.00 per month with strong equity position.
Per month net cashflow assuming net cash flow of $400/mo buying 2 houses per year: Year 1: 2 Houses = $800 Year 2: 4 Houses = $1,600 Year 3: 6 houses = $2,400 Year 4: 8 houses = $3,200 Year 5: 10 houses = $4,000
This is without counting any rent increase or any appreciation. Imagine if you bought 4 houses a year (1 per quarter). These numbers would be doubled! How would $8,000 per month in passive income change your life? For many of us, this would be enough to make us financially free. What's your number?
Ok, I’m interested… How do I find out more?
You need to attend our informational meeting being held on Saturday, June 9th at the Hilton Garden Inn at 2100 E Mariposa Ave, El Segundo CA 90245 from 9am to 1pm. At this free meeting, you will receive some great education and information about investing out-of-state and learn more about this opportunity.
Topics being covered will include: Ø How to build substantial cashflow with out-of-state investing Ø The pros and cons of investing in Out-of-State Ø How to buy properties at 1/10th the price of California properties Ø How to buy multiple properties with as little as $5k down Ø How to earn double digit returns on your investments Ø How to use creative financing to quickly own properties free and clear Ø Understanding the metrics and numbers for optimal out-of-state investing Ø The importance of choosing the RIGHT property manager Ø How to craft an investment strategy to meet your personal objectives Ø Overview from local property providers and more…
Most importantly, you will have an opportunity to buy available turnkey properties to start your pathway to financial freedom through our private financing. As an added bonus, you will receive a free e-book on what to look for when investing out-of-state. This is truly an opportunity you do not want to miss. Whether you are simply interested in looking at alternative ways to reach financial freedom or are ready to jump in and purchase your first properties, this will be a great opportunity for you! Seating may be limited so come early to reserve your seat. REMINDER: The event and parking will be free… See you there!
