Brand new home, built to rent in Memphis, TN.

[James Wachob]

Investment Info:

Single-family residence other investment.

Purchase price: $35,000
Cash invested: $200,000
Sale price: $265,000

Brand new home built to rent in Memphis, TN! I build brand new homes as rentals and then my in-house property management team handles the day-to-day operations for my investors. This 4 bedroom 2 full bath home features an open floorplan, upgraded appliances, granite in the kitchen and bathrooms, and much more. Visit TurnkeyInvest.com for more information about investing in cashflow properties or FoundationPM.com to learn about "The Fastest Growing Property Manager in Memphis"

What made you interested in investing in this type of deal?

The neighborhood is seeing massive appreciation and is close to most of the growth that is happening in Memphis.

How did you find this deal and how did you negotiate it?

Wholesaler.

How did you finance this deal?

Cash.

How did you add value to the deal?

Building from the ground up & using in-house crews NOT highering a subcontractor.

Lessons learned? Challenges?

Don't wait for the market conditions to get better. Jump out there and BUILD... without overextending yourself.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

No. I am a licensed Real Estate Investment Broker.