All Forum Posts by: Derrick Craig

@Michael W. McCord Thanks!! Yes you are correct it was purchased Sept 2, 2016. Yes, I am managing the property myself. In this particular property it is normal it was built in 1955 and I guess back then builders were not adding a bunch of Cabinet space and this 4 plex are set up a little like studio apartments. If I could find/purchase and rehab 50 more of these types of properties I would do it in a heartbeat. So yes it is worth doing.

Kind regards

The cheapest property I purchased was a 4-plex located near downtown Memphis TN I purchased it for $5,000. I am attaching the video of before after $70k in rehab..  Each unit is rented average rent $525 a month.

Before

After

NICCCCCCCEEEEE!!!!

@Cherie Ganesh

I hate to be the bearer of bad news but you may want to read this thread below

https://www.biggerpockets.com/...

ABSOLUTELY!!

I own and manage in 38109!! Very solid real estate investment area..

@Richard Nelson

Get a section 8 tenant you will get tough inspector in that area with gold/blonde hair she is mean, but after it gets a approved then you will be fine, cash flowing for a year then it starts all over again.

@Jackson Long

I feel the same way!!

Remember this movie "The Never Ending Story"https://youtu.be/IN02NqddSCk LOL!!! 

@Antoinette Wayne

Try

Billie Herring Sullivan

Executive Title & Closing, Inc.

700 Colonial Rd., Suite 230

Memphis, TN 38117

@Mario Ray Good Morning Mario, Yes I am still in the REI arena in Memphis. Let me know what I can do to help you achieve your goal of building your portfolio of rentals and properties to flip.