Bought a Turnkey investment property in Memphis TN

[Ernesto Gencarelli Jr.]

Investment Info:

Single-family residence buy & hold investment in Memphis.

Purchase price: $65,000
Cash invested: $16,000

3 Bed 1 bath. Freshly rehabbed, with a great tenant in a not so great area. My PM company is excellent.

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

I can't make my money work for me in the NJ/NY area. Everything is inflated.

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

Roofstock.

How did you finance this deal?

15 year.

Lessons learned? Challenges?

Paid a little high, but worth the price considering the same type of house would be close to 379000!!!

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

roofstock