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User Stats

23
Posts
8
Votes
Keenan Patton
  • Rental Property Investor
  • Grass Valley, CA
8
Votes |
23
Posts

From Cali to Memphis were gonna make it happen.

Keenan Patton
  • Rental Property Investor
  • Grass Valley, CA
Posted

Headed into a new market and loving learning the way things go. I'm a California investor pushing capital into Memphis. Just starting my TN journey and I can tell this is gonna be a fun endeavor. Lots of rehab, lots of potential, and lots of cool stuff to do when I go to see the properties(hahaha). I have a few door in Cali right now but pushing into TN I've put in 8 offers in 3 days with rehab budgets ranging from 20k to 55k. If you're in the Memphis market and want to connect don't be scared to send me a message. Always looking to connect with other like-minded people. 

User Stats

164
Posts
106
Votes
Mike Mosee
Pro Member
  • Investor
  • Eagle Point, OR
106
Votes |
164
Posts
Mike Mosee
Pro Member
  • Investor
  • Eagle Point, OR
Replied

Hi Keenan,

Be sure & check into the Tennessee Fonce Exemption tax rules which can help big time.

Also hookup with a great property manager to make your efforts sizzle.   We've been investing there since 2011 & find it to be a great market IF you stay away from the  war zones.

Available to talk if you'd like.

Best.,

Mike Mosee

  • Mike Mosee
  • User Stats

    404
    Posts
    421
    Votes
    David Hutson
    • Rental Property Investor
    • Bartlett, TN
    421
    Votes |
    404
    Posts
    David Hutson
    • Rental Property Investor
    • Bartlett, TN
    Replied

    Hey Keenan,

    Welcome to Memphis.  I'm from the Sacramento area and started investing in Memphis in 2013.  I sold all of my CA properties, moved to the Memphis area in 2019 and purchased many houses here.  It's definitely more of a street by street market with many good areas. 

    One thing that may help is our local REIA, Memphis Investors Group. We are a non-profit group and have a lot of investors from all over. We have agents, contractors, wholesalers, etc. memphisinvestorsgroup.com is the link. Reach out when you have a few mintues. I'd be to chat.

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    User Stats

    23
    Posts
    8
    Votes
    Keenan Patton
    • Rental Property Investor
    • Grass Valley, CA
    8
    Votes |
    23
    Posts
    Keenan Patton
    • Rental Property Investor
    • Grass Valley, CA
    Replied
    Quote from @Mike Mosee:

    Hi Keenan,

    Be sure & check into the Tennessee Fonce Exemption tax rules which can help big time.

    Also hookup with a great property manager to make your efforts sizzle.   We've been investing there since 2011 & find it to be a great market IF you stay away from the  war zones.

    Available to talk if you'd like.

    Best.,

    Mike Mosee


     I flew out there a few weeks ago and definitely realized there are certain areas that are better than others. I loved it there though. I have a preferred gc list with a property manager from a lender out there but if you happen to have a manager you like id love to know your preference. Definitely would love to bend your ear a bit. 

    User Stats

    23
    Posts
    8
    Votes
    Keenan Patton
    • Rental Property Investor
    • Grass Valley, CA
    8
    Votes |
    23
    Posts
    Keenan Patton
    • Rental Property Investor
    • Grass Valley, CA
    Replied
    Quote from @David Hutson:

    Hey Keenan,

    Welcome to Memphis.  I'm from the Sacramento area and started investing in Memphis in 2013.  I sold all of my CA properties, moved to the Memphis area in 2019 and purchased many houses here.  It's definitely more of a street by street market with many good areas. 

    One thing that may help is our local REIA, Memphis Investors Group. We are a non-profit group and have a lot of investors from all over. We have agents, contractors, wholesalers, etc. memphisinvestorsgroup.com is the link. Reach out when you have a few mintues. I'd be to chat.


     I saw that when I was there for sure. I found a few streets that were no goes (Chelsea was a bit rough). I'll check that link out tonight. Thank you. Would love to connect more. 

    User Stats

    164
    Posts
    106
    Votes
    Mike Mosee
    Pro Member
    • Investor
    • Eagle Point, OR
    106
    Votes |
    164
    Posts
    Mike Mosee
    Pro Member
    • Investor
    • Eagle Point, OR
    Replied

    Hi Keenan

    We've used Mid South Home Rentals of ARLINGTON,Tn , division of Enterprise Realtors for over 12 years  successfully.   You can call me at 503-888-6927 to talk .    I'm located west coast like you, near Medford,Or.     Available most days.   If I don't answer (thinking you're trying to buy one of my places) leave a message & I'll call back shortly

    Mike

  • Mike Mosee
  • User Stats

    23
    Posts
    8
    Votes
    Keenan Patton
    • Rental Property Investor
    • Grass Valley, CA
    8
    Votes |
    23
    Posts
    Keenan Patton
    • Rental Property Investor
    • Grass Valley, CA
    Replied
    Quote from @Mike Mosee:

    Hi Keenan

    We've used Mid South Home Rentals of ARLINGTON,Tn , division of Enterprise Realtors for over 12 years  successfully.   You can call me at 503-888-6927 to talk .    I'm located west coast like you, near Medford,Or.     Available most days.   If I don't answer (thinking you're trying to buy one of my places) leave a message & I'll call back shortly

    Mike

    Thank you Mike, I'll definitely call you tomorrow. 

     My number is 5303152482. I get a lot of spam calls and property calls so I totally get it. Looking forward to talking.

    User Stats

    13
    Posts
    8
    Votes
    Ryan Barnett
    • Real Estate Agent
    • Germantown, TN
    8
    Votes |
    13
    Posts
    Ryan Barnett
    • Real Estate Agent
    • Germantown, TN
    Replied
    Quote from @Keenan Patton:

    Headed into a new market and loving learning the way things go. I'm a California investor pushing capital into Memphis. Just starting my TN journey and I can tell this is gonna be a fun endeavor. Lots of rehab, lots of potential, and lots of cool stuff to do when I go to see the properties(hahaha). I have a few door in Cali right now but pushing into TN I've put in 8 offers in 3 days with rehab budgets ranging from 20k to 55k. If you're in the Memphis market and want to connect don't be scared to send me a message. Always looking to connect with other like-minded people. 


     Local investor friendly agent in Memphis here.  Many small-institutional investors here and has been for a long time....Some price drops happening as well....

    User Stats

    279
    Posts
    207
    Votes
    Taz Zettergren
    Agent
    • Real Estate Agent
    • Memphis, TN
    207
    Votes |
    279
    Posts
    Taz Zettergren
    Agent
    • Real Estate Agent
    • Memphis, TN
    Replied

    @Keenan Patton That's awesome, congrats on making the push to get into the Memphis market! Great place to own buy and holds, as others have mentioned and as you have witnessed it's certainly street by street. I work with hundreds of clients who purchase homes and a management company who has over 7,600 homes under management. Would be happy to answer any questions along your journey, don't hesitate to reach out. Best of luck investing! 

    • Real Estate Agent

    User Stats

    20
    Posts
    7
    Votes
    Raj Khadilkar
    Pro Member
    • Investor
    • New Zealand
    7
    Votes |
    20
    Posts
    Raj Khadilkar
    Pro Member
    • Investor
    • New Zealand
    Replied
    Quote from @Keenan Patton:
    Quote from @Mike Mosee:

    Hi Keenan

    We've used Mid South Home Rentals of ARLINGTON,Tn , division of Enterprise Realtors for over 12 years  successfully.   You can call me at 503-888-6927 to talk .    I'm located west coast like you, near Medford,Or.     Available most days.   If I don't answer (thinking you're trying to buy one of my places) leave a message & I'll call back shortly

    Mike

    Thank you Mike, I'll definitely call you tomorrow. 

     My number is 5303152482. I get a lot of spam calls and property calls so I totally get it. Looking forward to talking.

    Hey Keenan,

    I second Mike. Mid South guys in Arlington I have worked with for last 5 years or so and they are awesome!! Would be happy to share my exp with them too. Cheers Raj 

  • Raj Khadilkar
  • User Stats

    168
    Posts
    268
    Votes
    George Pauley
    • Chandler, AZ
    268
    Votes |
    168
    Posts
    George Pauley
    • Chandler, AZ
    Replied

    Thank you @Raj Khadilkar and @Mike Mosee.  I'm looking for a new PM and am perusing the BP forums looking for feedback on Mid-South.  Nice to see 2 endorsements, especially from long term customers.

    @Keenan Patton, welcome to Memphis investing!  I've been invested in the Memphis area for 8 years now and love the area.  Memphis properties are my best (cash-flow) performing properties.

    User Stats

    733
    Posts
    839
    Votes
    Stephen Akindona
    Pro Member
    • Investor
    • Memphis, TN
    839
    Votes |
    733
    Posts
    Stephen Akindona
    Pro Member
    • Investor
    • Memphis, TN
    Replied

    Hey @Keenan Patton! Welcome to the site and to the Memphis area! As many have mentioned, Memphis is an excellent market to target for investing and your boots on the ground team will make all the difference. 

    Let me know if I can help you in anyway. Also, we created a free zip code guide we like to give out to help you understand the areas better. Shoot me a dm if your interested in getting a copy.  

  • Stephen Akindona
  • User Stats

    1,400
    Posts
    831
    Votes
    James Wachob
    Property Manager
    Agent
    Pro Member
    • Real Estate Broker
    • Memphis, TN
    831
    Votes |
    1,400
    Posts
    James Wachob
    Property Manager
    Agent
    Pro Member
    • Real Estate Broker
    • Memphis, TN
    Replied

    Let me know when you make a trip to Memphis. I would love to show you around our beautiful city. 

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    User Stats

    10
    Posts
    1
    Votes
    Derek MacBay
    • San Francisco, CA
    1
    Votes |
    10
    Posts
    Derek MacBay
    • San Francisco, CA
    Replied
    Quote from @Stephen Akindona:

    Hey @Keenan Patton! Welcome to the site and to the Memphis area! As many have mentioned, Memphis is an excellent market to target for investing and your boots on the ground team will make all the difference. 

    Let me know if I can help you in anyway. Also, we created a free zip code guide we like to give out to help you understand the areas better. Shoot me a dm if your interested in getting a copy.  

     Hey Keenan, I'd be keen to see your zip code guide as well if you are open to sharing.  Thanks!

    User Stats

    733
    Posts
    839
    Votes
    Stephen Akindona
    Pro Member
    • Investor
    • Memphis, TN
    839
    Votes |
    733
    Posts
    Stephen Akindona
    Pro Member
    • Investor
    • Memphis, TN
    Replied

    @Derek MacBay

    Shoot me a DM and I can get you our zip code guide!

  • Stephen Akindona
  • User Stats

    75
    Posts
    15
    Votes
    James Colgan
    Pro Member
    • Real Estate Agent
    • North NJ
    15
    Votes |
    75
    Posts
    James Colgan
    Pro Member
    • Real Estate Agent
    • North NJ
    Replied
    Quote from @Keenan Patton:

    Headed into a new market and loving learning the way things go. I'm a California investor pushing capital into Memphis. Just starting my TN journey and I can tell this is gonna be a fun endeavor. Lots of rehab, lots of potential, and lots of cool stuff to do when I go to see the properties(hahaha). I have a few door in Cali right now but pushing into TN I've put in 8 offers in 3 days with rehab budgets ranging from 20k to 55k. If you're in the Memphis market and want to connect don't be scared to send me a message. Always looking to connect with other like-minded people. 


     Keenan, 

    How's the new adventure going? I'm diving into this area now with a partner but open for partner possibilities and to learn! 

  • James Colgan
  • User Stats

    75
    Posts
    15
    Votes
    James Colgan
    Pro Member
    • Real Estate Agent
    • North NJ
    15
    Votes |
    75
    Posts
    James Colgan
    Pro Member
    • Real Estate Agent
    • North NJ
    Replied
    Quote from @David Hutson:

    Hey Keenan,

    Welcome to Memphis.  I'm from the Sacramento area and started investing in Memphis in 2013.  I sold all of my CA properties, moved to the Memphis area in 2019 and purchased many houses here.  It's definitely more of a street by street market with many good areas. 

    One thing that may help is our local REIA, Memphis Investors Group. We are a non-profit group and have a lot of investors from all over. We have agents, contractors, wholesalers, etc. memphisinvestorsgroup.com is the link. Reach out when you have a few mintues. I'd be to chat.


     David, 

    My name is Jimmy, my business partner and I are looking into this market now and have reached out to a couple investor friendly agents about areas. We're planning to come out next month, If you're open to a call I'd love to chat and get some more insight. 

    Thanks! 

  • James Colgan
  • User Stats

    75
    Posts
    15
    Votes
    James Colgan
    Pro Member
    • Real Estate Agent
    • North NJ
    15
    Votes |
    75
    Posts
    James Colgan
    Pro Member
    • Real Estate Agent
    • North NJ
    Replied
    Quote from @David Hutson:

    Hey Keenan,

    Welcome to Memphis.  I'm from the Sacramento area and started investing in Memphis in 2013.  I sold all of my CA properties, moved to the Memphis area in 2019 and purchased many houses here.  It's definitely more of a street by street market with many good areas. 

    One thing that may help is our local REIA, Memphis Investors Group. We are a non-profit group and have a lot of investors from all over. We have agents, contractors, wholesalers, etc. memphisinvestorsgroup.com is the link. Reach out when you have a few mintues. I'd be to chat.


     David, 

    My name is Jimmy, my business partner and I are looking into this market now and have reached out to a couple investor friendly agents about areas. We're planning to come out next month, If you're open to a call I'd love to chat and get some more insight. 

    Thanks! 

  • James Colgan
  • User Stats

    41,789
    Posts
    61,556
    Votes
    Jay Hinrichs
    Professional Services
    Pro Member
    #4 All Forums Contributor
    • Lender
    • Lake Oswego OR Summerlin, NV
    61,556
    Votes |
    41,789
    Posts
    Jay Hinrichs
    Professional Services
    Pro Member
    #4 All Forums Contributor
    • Lender
    • Lake Oswego OR Summerlin, NV
    Replied
    Quote from @Mike Mosee:

    Hi Keenan

    We've used Mid South Home Rentals of ARLINGTON,Tn , division of Enterprise Realtors for over 12 years  successfully.   You can call me at 503-888-6927 to talk .    I'm located west coast like you, near Medford,Or.     Available most days.   If I don't answer (thinking you're trying to buy one of my places) leave a message & I'll call back shortly

    Mike


    NO your getting calls from wholesalers say it aint so :)

    User Stats

    404
    Posts
    421
    Votes
    David Hutson
    • Rental Property Investor
    • Bartlett, TN
    421
    Votes |
    404
    Posts
    David Hutson
    • Rental Property Investor
    • Bartlett, TN
    Replied

    Jimmy, reach out to me to see what my availability is.