Newbie investor/flipper out of Memphis

Newbie investor/flipper out of Memphis

Realtor · Memphis TN · Member since 2020 · 4 posts · 8 votes

Hello fellow BP fans, I live in Memphis and got my RE license 2019 with the intent on investing in real estate but I got busy with work and was waiting for my friend to be ready to invest with me. To make a long story short, a few weeks ago I began taking steps to buy my first investment property. I joined groups where I get support from other investors, created an LLC, and found a HML who actually gave me decent terms even though I'm a newbie. I'm analyzing properties in my dreams, now! I really want this first deal out of the way just so I can prove to myself that I can do it lol! Anyway, I just wanted to say hi and express how grateful I am for all of the helpful information I've found on the BiggerPockets forums and website, priceless!

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Dean HarrisBusiness Member
Real Estate Agent · Memphis, TN · Member since 2015 · 1k+ posts · 1k+ votes
3y

Hi Lauren

I exclusively work with investors. I have just under 120 active investment listings right now in Memphis that might work for your flip strategy or the BRRRR strategy. I also own just under 100 buy and hold single family properties here in Memphis. I'm happy to talk with you and share with you what my client base is doing and what I have been doing here in Memphis!

Best of luck!

CrestCore Realty4.713 Reviews
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  • Memphis, TN · Member since 2022 · 230 posts · 99 votes
    3y

    Hey Lauren! I am also in Memphis and happy to help with any questions that you have! Good luck on your investing journey!

  • Realtor · Memphis TN · Member since 2020 · 4 posts · 8 votes
    3y

    Hello Alex! Thank you and I'll surely be in touch!!

  • Property Management · Memphis, TN · Member since 2009 · 668 posts · 362 votes
    3y

    Hello Lauren, have you found your first deal yet? Reach out if you have any questions. 

  • Property Management · Memphis, TN · Member since 2009 · 668 posts · 362 votes
    3y

    Hello Lauren, have you found your first deal yet? Reach out if you have any questions. 

  • Property Management · Memphis, TN · Member since 2009 · 668 posts · 362 votes
    3y

    Hello Lauren have you found your first deal yet? Reach out if you have any questions. 

  • Realtor · Memphis TN · Member since 2020 · 4 posts · 8 votes
    3y

    Hi James, thanks for asking.  I've actually found several but I can't seem to get my offer accepted!! It's so competitive. 

  • Property Management · Memphis, TN · Member since 2009 · 668 posts · 362 votes
    3y
    Quote from @Lauren McConnaughhay:

    Hi James, thanks for asking.  I've actually found several but I can't seem to get my offer accepted!! It's so competitive. 

    What areas are you looking in? What’s your criteria? 
  • Realtor · Memphis TN · Member since 2020 · 4 posts · 8 votes
    3y

    I'm looking in 38111, 38114, 38115, 38116, 38117, 38118, 38141, 38125, 38104, pocket of 38107, and 38053. And as long as there are comps around that support the ARV, I'm interested. I prefer 3bd/2ba or 3/1 min. but I'll buy a 2bd/1ba if in right area and at right price.

  • Real Estate Broker · Memphis, TN · Member since 2020 · 2 posts · 1 vote
    3y

    Hey Lauren, I'm also in Memphis as a broker & investor. Reach out if you have any questions! :) 

  • Dean HarrisBusiness Member
    Real Estate Agent · Memphis, TN · Member since 2015 · 1k+ posts · 1k+ votes
    3y

    Hi Lauren

    I exclusively work with investors. I have just under 120 active investment listings right now in Memphis that might work for your flip strategy or the BRRRR strategy. I also own just under 100 buy and hold single family properties here in Memphis. I'm happy to talk with you and share with you what my client base is doing and what I have been doing here in Memphis!

    Best of luck!

    CrestCore Realty4.713 Reviews
    View Page
  • New to Real Estate · Nashville, TN · Member since 2022 · 7 posts · 7 votes
    2y

    @Dean Harris, are you currently working with any wholesalers? Thanks in advance!

  • Realtor · Memphis, TN · Member since 2023 · 29 posts · 37 votes
    2y

    Hi @Lauren McConnaughhay! Welcome to the club. I purchased my first investment home about 10 years ago thinking I MIGHT get a total of 5… the portfolio recently sold with over 50 doors as part of the deal, and have already started building towards the next 50!

    good luck, and happy to answer any questions you may have!

    Best

    Patrick

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