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All Forum Posts by: James Wachob

James Wachob has started 127 posts and replied 964 times.

Post: new member from Memphis

James Wachob
Agent
Property Manager
Pro Member
Posted
  • Real Estate Broker
  • Memphis, TN
  • Posts 1,415
  • Votes 840
Welcome Doug!

Post: Memphis 38117

James Wachob
Agent
Property Manager
Pro Member
Posted
  • Real Estate Broker
  • Memphis, TN
  • Posts 1,415
  • Votes 840

I live in 38117. 

Post: Has anyone purchase brand new homes as rentals?

James Wachob
Agent
Property Manager
Pro Member
Posted
  • Real Estate Broker
  • Memphis, TN
  • Posts 1,415
  • Votes 840

Post: Has anyone purchase brand new homes as rentals?

James Wachob
Agent
Property Manager
Pro Member
Posted
  • Real Estate Broker
  • Memphis, TN
  • Posts 1,415
  • Votes 840

Last year we were blessed to build 100+ brand new homes for investors, in the Memphis, TN area. The investors included: hedge funds, Australians, New Zealanders, and for some reason a lot of people from San Diego. Memphis, is a strong rental market and an abundance of cheap lots made it possible for the ROI to work. I am a Real Estate Broker with CrestCore Realty. CrestCore handles my investors property management needs. So living abroad isn't a problem.

What benefits would an investor realize in a brand new home?

What kind of returns are most seasoned investors happy with, if they are buying a new home?