All Forum Posts by: Brandon Chandler

Thank you everyone for your responses.

I wonder if it is different down south where I live? The cost of living is way lower down here. In Memphis properties can be bought at low prices.

Hi All,

What is typically the minimum amount of money hard money lenders will lend on one property? Do most frown upon properties under specific ARV ranges?

Thank you,

Brandon Chandler

Hi all,

I found a turnkey duplex that I will be making an offer on soon, and was wondering if it would be smarter to finance the deal conventionally or find a lender and pay cash for it. This is an off the market property the owner had no intention of selling until I approached him about it. I assume a cash offer and a quick sale would further entice him to sell it, but what would the smarter route be for a bigger return on investment?

My thoughts are to finance the property with a conventional mortgage with the minimum amount down and use leverage so I can keep my cash available for other deals that I may find. i don't believe I can add much more value to the property, so paying cash and refinancing may not have much of an advantage except for maybe enticing the seller to sell to me.

Thank you,

Brandon Chandler

@Stephanie Jones I saw the properties on Zillow, and the website lists the South Memphis area I'm referring to as Downtown so I just went with that. I would be rehabbing and then renting them out. 

@Devin Davis Thank you for your response. What things about the South Memphis market do you like in regards to buy and holds? 

@Cherie GaneshThank you for your response. Great point about having to physically collect rent each month.

@Devin Davis

Downtown/South Memphis area specifically.

Hi all,

I see a great deal of duplexes for sale in the Downtown Memphis area for low asking prices, granted they need a lot of work. Are these good investments as a rent and hold? If so, I assume it would only be considered a good investment for monthly cash flow only, and not long term appreciation since the home values in the area are extremely low.

Thank you,

Brandon Chandler