Has anyone used Memphis Cashflow to Buy Turnkey Properties?

[August Faustino]

Hi All,

I recently went to my first meeting at the Los Angeles Real Estate Investors Club (LAREIC). They had a guest speaker from a turnkey company named Memphis Cashflow.  His name is Clifton Stone, he is their Director of Operations and Investment Advisor.  I live in Los Angeles so I am looking for investment opportunities out of the area.  I searched the forums and found information about another Memphis based turnkey company, Memphis Invest but I didn't see any posts on Memphis Cashflow.  Just wanted to see if anyone has used Memphis Cashflow.  Thanks.

[Sabrina Brown]

I used to live in CA and invested, and hired, various TK providers in Memphis and literally ALL of them are not doing anybody a favor.  They sell the properties to out of state investors at about 30% above market value.  I just recently moved to Memphis and I can now verify the real scoop.  If you bought from a TK provider and NEED to sell at current market value you will be out of luck.  You will definitely lose a large amount of money you have invested.  It's all about the exit strategy and not paying for future values as things will go wrong along the way.

I have provided my story aka "the saga" of my experience here (see below link to the thread) and helped several out of state investors already.  Would love to hear back from any of you that I haven't already connected with.  My future work will be to help other out of state investors so that the same $%^*+@# doesn't happen to them as I have had my share.  I will be partnering up with successful and honest individuals from the Memphis Investors Group (MIG) in a business where we can negotiate on behalf of the investors in order to get fair market deals with true insight.  Please check it out and let me know what you think. 

https://www.biggerpockets.com/forums/311/topics/227602-difficulty-selling-rental-properties-at-loan-amount?page=10#p2912873