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Updated almost 3 years ago,
- Real Estate Broker
- Memphis, TN
- 840
- Votes |
- 1,415
- Posts
ZERO cash out of pocket & LOW TAXES in Memphis, TN
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $105,000
COUNTY ONLY TAXES! In the Memphis, TN metro area are pockets of areas that ONLY pay the county tax. Other areas pay both the county tax and municipality tax. Example: a property located in Memphis TN will pay Shelby County taxes & Memphis' city tax.
When you find an investment that is located in a county only zone, you save approximately 40% in taxes!
What made you interested in investing in this type of deal?
The availability to get in with ZERO cash out of pocket!
How did you finance this deal?
30 year freddie mac. Or I like to call them "Golden Tickets" - Ask me how.
How did you add value to the deal?
Buying at a below market $
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
I am a real estate broker and owner of a property management company. I represented myself.
- James Wachob