All Forum Posts by: Brendan Sullivan

@Cherie Ganesh. thanks for the quick reply! Sent you a PM with more details. Would love to know your thoughts.

Hi Folks, 

I am a landlord and full time real estate flipper in Florida, but I primarily deal in SFH / Residential. I am looking to get into the Memphis commercial RE market due to the fact that local commercial RE is so expensive and lending can be tough here in FL. I'm currently analyzing an off market deal off American Way close to Parkway Village. I was hoping to run it by a local expert to get their thoughts. My initial thoughts on it are a BRRR or short term hold and flip, but need some advice from locals. Let me know if anyone can point me in the right direction! Who's the local Memphis commercial expert?

Asking 380K - 9,800 sqft. Currently leased month to month for 5K. 

Thanks! 

Please PM me or drop thoughts in the comments.


 

Try Terry with Raycon and let him know I sent you! Great guy, responsive and priced right. Ill send his cell # over PM. 

Thanks Braden. Grateful to have a community like BP. 

What areas are you liking right now? 

Hi Folks,

My wife and I have lived in NOLA (Uptown) for the last year and will be diving full time in to local real estate investmenting in January. I'm both new to real estate and New Orleans so we've got a lot to learn but I'm excited to be transitioning from analysis to action and jump right in. Before we start dumping a bunch of money into marketing I wanted to get some opinions on zip codes and / or areas more expierenced local investors prefer. I like investing in the city because we currently live there and it seems like there alot of great opportunities, but as a newer NOLA local I would hate to end up buying a property I can't wholesale or rent because it's not in the right area. Flood zones & higher crime areas tend to be some of my concerns with investing in the city. I am also looking at the Metarie / Kenner area as a possibility to elimate some of those concerns, but don't want to make a mistake of missing alot of good opportunities. Would love to hear your thoughts on where I could get the most ROI for my marketing dollars and what zip codes you prefer to invest in (in or out of the city.) Thank you!

FYI I will be attending the NOLA REIA meeting on 10/18 and would love to meet you & chat more if you'll be there.