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Updated about 13 years ago on . Most recent reply

User Stats

228
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75
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Phillip Gainey
  • Michigan
75
Votes |
228
Posts

Chris Clothier - Memphis Invest

Phillip Gainey
  • Michigan
Posted

Has anyone ever bought a rental property in Memphis from this person?

He lists MANY properties for sale in the BP "properties" section at what appears to be highly INFLATED prices. Also makes what appears to be unlikely claims of expected cash flow.

I've looked at several of his listings and many are 10k or more over what even Zillow estimates the value to be. And the conventional wisdom seems pretty much to be that the "zestimate" found on Zillow.com is very inflated and to be taken with a grain of salt. Of course, maybe the toilet seats are gold plated, and he puts in marble floors, but....

So, has anyone bought properties from this guy? If so, did you end up overpaying? Did you achieve anything close to the cash flow he claims you can make?

Not trying to be a jerk. But I own propeties in memphis, and this sounds suspicous. My loyalty tend to be with fellow BP investors, not with vendors.

PG

Most Popular Reply

User Stats

782
Posts
415
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Darryl Dahlen
  • Commercial Loan Officer
  • Southern Maine, ME
415
Votes |
782
Posts
Darryl Dahlen
  • Commercial Loan Officer
  • Southern Maine, ME
Replied

I have to ask why do you care what anyone is paying for property that you aren't involved in? It's apparent you have an ax to grind with Chris and Memphis Invest and are using passive aggressive posts to voice your "anti-Chris" message.

What's your goal here? More to the point, who appointed you the babysitter of all real estate transactions in Memphis? What business is out of yours what someone pays for a listing that isn't yours or isn't asking for input on?

These types of posts irk me as there isn't any real benefit to them. The OP often doesn't have a real gripe other than they don't like whom they're posting about and are simply looking to stir the hornets nest by creating negative press.

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