All Forum Posts by: Derrick Craig

Never hear of them do they have a website?

The mighty 38104!! Everyone wants a Multi-Family unit over in that area but be prepared to pay an arm and a leg for it!!

@Eric Hyde

There are soooo many bigger pocket forums post on this subject I can not begin to tell you if you are going to miss some great information with this and not look at the others on this subject.

My personal preference is conventional loans due to the much lower interest rate than a HML. Regardless of the time it takes for them to approve and close the loans.

@Menalik Archer

1. How did they get started, Do you have any body that I can speak to that you have done business with, and last but not least do you invest and or manage properties the areas you are promoting. Alex stated a lot of the other questions I would also ask.

Good luck and happy investing!!

@Kenneth Jackson

38127 is definitely a challenging area.. Good luck and happy investing in your new area that you choose

@Abdul Azeez

How long has it been on market?

@Spencer Glaser

Glad to have you on Board!!

Hey Bigger Pockets Community,

Pictures are on Zillow link below

Here is a SUPER NICE DEAL- 4214 Raleigh Millington Rd, Memphis TN 38128

This one has a TON of Equity still in it from the jump!! A lot of investors like to have meat on the bone as well as have Cash Flow Coming in Guess what this one you have both!!! Located in Raleigh!!

HUGE BACK YARD!!! Looks like a Football Field!! Very Nice Hard Wood Floors!! 3 Bed Rooms Large, Large Living Room, Large Den with Fire Place, Kitchen with Dining room beside it, Remodeled Ceramic tile Floors in Bathroom!!

We are wholesaling this one at a really nice price...If you don't believe me look at the numbers yourself below.

List Price-$59,500

Tax Assed for $75,800

Comparable Sales

4032 Lehi Dr. Memphis Tn - sold for $65,700 on 11/7/16

4286 Genyth Ave Memphis Tn- sold for $75,000 on 2/28/17

4050 Tessland Rd Memphis Tn- sold for $95,000 on 12/16/16

3984 Hanna Dr. Memphis Tn- sold for $53,000 on 2/23/17

Tenant occupied.....Current Tenants LOVE this home and have lived there 4 years!!

Currently Rented $825.00 a month

Taxes- $1,399 a year

Insurance- $525 a year

Property Management Fee- $66.00 a Month

No Vacancy-the tenants would like to stay

Only updates done to home since purchase was updated electric panel, new AC Condenser, and new/repaired plumbing under home, and cut down several large branches from tree that is in the back of the home that were hanging over the house.

No roof leaks or damage to roof but I think the roof only has may 3-5 yrs left on it, which is negotiable with price.

Call or Text 901-212-4476 Derrick Craig

email: [email protected]
View www.memphisbuyandhold.com
Very Solid Cash Flowing Investment Property to add to your Portfolio

Hello Bigger Pockets Community...

Please view our NEW passive cash flowing turnkey condo for sale

This 1582 square foot condo home has 3 bedrooms and 3.0 bathrooms. It is located at 5521 Quail Thicket Dr Memphis, Tennessee. New Roof, New Siding, New Floors, New Doors, New Plumbing, New Electrical, New Carpet, Fresh Paint, New Dish Washer, New Light Fixtures/Ceiling Fans, New Toilets, and Many more added extras.

List Price- $52,500

HOA FEE $185- Covers All Exterior of property, Club House, Pool, Drive way, Lawn, etc

Taxes- $955 a year

Insurance- $475- Only Covers inside contents

Currently Rented- $895

Property Management Fee- 8% of Rent collected- $71.60

Super Nice Investment, Quiet area in Raleigh less than a mille from Bartlett TN.

Please view Video of Property -

Stated gross returns and cash flow do not take into account vacancy and repairs that WILL happen over time.

All investors should allocate a reserve for maintenance and vacancy for any investment property. Vacancy and repairs are variable cost factors that can increase or decrease from year-to-year that will impact yields over time.

Our sister company DCC RENTALS LLC can manage this property for you with ease 8% management fee which is negotiable if you allow us to manage more properties in your investment portfolio call 901-212-4476 •

Stated gross returns and cash flow do not take into account vacancy and repairs that WILL happen over time.

All investors should allocate a reserve for maintenance and vacancy for any investment property. Vacancy and repairs are variable cost factors that can increase or decrease from year-to-year that will impact yields over time.

If you are interested in more details/pictures about this property please contact me

Derrick Craig - 901-212-4476

[email protected]

www.memphisbuyandhold.com

@Sam Liu

I have not heard of a situation like yours before, I would look into finding another Attorney as well good for you... Good Luck with your next tenant.