All Forum Posts by: Brandon Williams

I do. What’s your email address?

FOR MORE INFORMATION ABOUT THIS PROPERTY, PLEASE MESSAGE ME. 

5 Unit for sale in Memphis, TN in the Uptown neighborhood of Memphis.

Asking: $149K

Rehab: $130K

ARV: $350K

Each unit is a 2/1 and the property needs a full rehab.

This unit is in the middle of a neighborhood that has been part of a revitalization project in the Uptown and Pinch District of Memphis. St. Jude Children's Research Hospital, is a few blocks away. St. Jude is rapidly expanding and is Fortune Magazine’s 100 Best Companies to work for, now for the ninth consecutive year and is the cornerstone for the $1.1 Billion Dollar Expansion.

Uptown Neighborhood Information: https://www.downtownmemphis.com/neighborhoods/uptown/

St. Jude “100 Best Companies to Work for:  https://www.stjude.org/media-resources/news-releases/2018-medicine-science-news/st-jude-named-to-fortune-magazine-100-best-companies-to-work-for-for-eighth-consecutive-year.html

$1.1 Billion Dollar Redevelopment: https://www.commercialappeal.com/story/money/business/development/2019/11/13/memphis-development-pinch-district-tom-intrator-18-main/4180545002/

Uptown is the Newest "Boom Town":  https://www.highgroundnews.com/features/UptownAndThePinchHistory.aspx

I have a 5-unit available for anyone looking to buy in Memphis.  Price Negotiable.  

https://www.biggerpockets.com/real-estate-listings/5-unit-in-memphis-location-location-location-ifev9w

@John Thedford. I have a few I’d like to turn in. Who do you contact for such a thing? Better Business Bureau?

The property was held personallt

Hey folks, bad news on my end. I’m selling an apartment at a loss and I was curious my tax implications.

Scenario: Apartment, Purchased at $150k, selling at $125 in under 12 months (long story, don’t ask)

No major improvements made that would contribute to my cost basis.

This would be a $25k loss, correct? And would I reduce my taxable income by that amount on my 2019 tax return?

I have a property that I sold owner financed in 2017. The buyer approached me about refinancing and I wanted to look at this as an opportunity to restructure the deal to make it more attractive if I want to one day sell the note.

The owner doesn’t have good credit, and I know that’s a big factor in how attractive the note can be in resale, but what other items can I incorporate into a new contract to make it attractive?  I have * a few items below that I think changing could be quick wins.  What else???

Current terms:

$42,999 loan amount

Zero down payment*

9.5% interest

96 month term

No early payoff penalty*

This is a SFR, 2/1, currently occupied and renting at $300 per month and NO maintenance costs! Tenant currently handles all maintenance.

This is a great low-risk home for an investor looking to make a first purchase.

Message me if you’d like more details

Currently Selling this Turn Key property in Memphis, TN.  Recently rehabbed, currently rented for $600 month under lease until March 2018.  Currently Managed by CrestCore Realty.  Corner Lot.

 Pictures before rehab here:  http://www.realtor.com/realestateandhomes-detail/7...

Some Pictures from After Rehab here:

@Johnery Laurimore, I'll send that right over.