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Updated 5 months ago on . Most recent reply
Mid South Home Buyers Reviews for turnkey rentals
Im considering buying a turnkey property from Mid-South Home Buyers. They have a good reputation from what I've seen but does anybody have a long-term track record with them in Memphis or Little Rock.
Appreciate any advice.
Most Popular Reply
Nicholas L.
#5 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Pro Member
#5 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Flipper/Rehabber
- Pittsburgh
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Nicholas L.
#5 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Pro Member
#5 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Flipper/Rehabber
- Pittsburgh
I can confirm for you without knowing anything further that there is zero chance that a property like that will cash flow $508 a month. are you misreading something?
run the numbers. PITI + property management + vacancy + capex + repairs. you'll be way over $1850 a month...