Memphis Invest - Chris Clothier

[Steven Roffer]

I was recommended to talk to Chris Clothier and Memphis Invest at a recent meet-up here in Los Angeles, when the subject of turnkey buying of rental properties out of state came up.  I contacted them and am now having a call with one of their Investment Advisors tomorrow.  

Does anyone here have any experience with them?  Anyone holding property from them?

I have read a number of forums on them and the one negative thing that has come up a few times is that people seem to end up paying more for their turnkey properties. Anyone have any experience with this?

[Billy Maloney]

@David Malott Not being Nosy at all this what Bp is for. Im an open book.

I am cash flowing 195$ after 7% vacancy 5 % repair 5% cap Ex and 10% Property management.  It was a great experience for me as my first investment.  No complaints yet.

Its still only been 6 month though. I m currently searching for a non turnkey properties to see what kind of return I can find. If you have no experience in REI like I did TurnKey is a great way to get your first property and get an idea of the . I personal bought on the higher end price to attract better tenants. I paid 153k 5 br 3 ba.