3915 Oak Branch Circle W, Bartlett, TN 38135

[Christopher Stevens]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $190,000
Cash invested: $69,225

Contributors:
Taz Zettergren, Chris Clothier

This home features 3 bedrooms, 2 bathrooms, a driveway, 1,140 sq. ft., and a single-family detached garage, built in 1989.

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

I couldn't let this deal pass me by! This property checked all the boxes. It's my 5th property purchased from the great turnkey company, REI Nation. Now, I'm part of the "WOW!" group. In this group, you get many exclusive benefits, including a discounted management fee rate of 9% on all properties managed by PPMG, plus the $250 application fee for new applications is waived.

This property will be one of my highest cash-flowing properties.

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

I searched here https://www.reination.com/property-listings to find the property. Then, I reached out to the great Taz Zettergren and inquired about the property. Within 20 minutes, Taz sent me the details and photos - this guy is the BEST!!! After a few emails with Taz, at 10:24 am, we locked down the deal with $3,000 in concessions (property management fees) and some other details that helped us both move forward on the deal. We had this deal locked down in less than 24 hours!

How did you finance this deal?

This was easy, too. REI Nation has special lending partners who know how to close these deals fast—we closed in 29 days. Plus, the seller paid down the rate to 5.5%!

How did you add value to the deal?

I wasn't looking hard for deals, but this one popped out. After a few minutes of analysis, I knew I had to find a way to make this deal work quickly. After doing four other deals with REI Nation, I learned a lot and applied what I learned to help close this property quickly. The quicker we close, as long as everything aligns right, the better it is for all involved. Plus, I'm adding value by posting this information to help others.

What was the outcome?

We closed on the deal in 29 days, and I'm excited to have my 5th property with REI Nation - the best turnkey real estate partner in the business!

Lessons learned? Challenges?

My biggest challenge with this deal was finding the money to complete it, but my wife and I made it work.

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

I highly recommend REI Nation. More specifically, Taz at REI Nation is a great place to start. My book on Turnkey Real Estate Investing - Simple Concepts to Overcome Analysis Paralysis and Acquire Your First Rental Property in 29 Days (this title is a work in progress) should be released before the end of October. I talk a lot about REI Nation and how they've been my fantastic partner over the past year - they are a one-stop-shop and have helped me through some challenging situations.