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Updated almost 3 years ago on . Most recent reply
- Real Estate Broker
- Memphis, TN
- 841
- Votes |
- 1,417
- Posts
ZERO cash out of pocket just outside of Memphis, TN
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $180,000
Great "suburb" of Memphis, TN this home was purchased with $0 DOWN and minimal repairs. The cashflow is BIG and the appreciation has been AMAZING. I'm happy to help other investors learn how to build a portfolio with little to NO MONEY OUT OF POCKET.
What made you interested in investing in this type of deal?
LOCATION
How did you find this deal and how did you negotiate it?
Word of mouth
How did you finance this deal?
line of credit initially and then refinanced into a Fannie Mae
What was the outcome?
Long-term renter and BIG CASHFLOW
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
I am a real estate broker in TN & MS - self represented.
- James Wachob