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Updated almost 4 years ago on . Most recent reply
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Duplex under contract for assignment in Memphis
Afternoon fellow investors,
I have been working on building real estate business through flips and rentals. We have come up on a duplex property we were looking to assign as right now, I feel this would be the best strategy for my team. We have it under contract and found a buyer that then couldn't get his funding together. We are looking for potential buyers of a 1 bed 1 bath duplex in Memphis TN 38122. One side is currently rented at $395 with a tenant going month to month in 3 months and the other side is vacant. There will be some repairs needed at this time but believe this is a great cashflow property. Market rent is closer to $500 per side. We are looking for those investors looking to purchase and hold at this moment in time.
I am not sure where and how to continue to market this property. The seller has been cooperative. We will put it on facebook and in the groups in Memphis as well as on craigslist. Sent to a few potential cash buyers...
Any suggestions on how to get this property assigned will be greatly appreciated!