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All Forum Posts by: Derrick Craig

Derrick Craig has started 116 posts and replied 927 times.

Post: New Investor near Memphis - needing to Network/Partner Up

Derrick Craig
Pro Member
Posted
  • Memphis, TN
  • Posts 969
  • Votes 524

@Amber Reynolds

Welcome to Bigger Pockets... Let me know if I can be of any assistance in your search for Investment properties here in Memphis.

Post: Has anybody worked with Derrick Craig

Derrick Craig
Pro Member
Posted
  • Memphis, TN
  • Posts 969
  • Votes 524

@Rob Smith   @Douglas Skipworth  @Alex Craig  @Randy L.  @Ryan Martin  @Bill Manassero @Caleb Hall  @Chris Flaherty @Account Closed

WOW!!! Thank You ALL for the kind words. When I started doing this over 10 years ago my goal was to not just treat people like I want to be treated but go above and beyond that by providing a level of service that exceeds expectations. It is such an honor to work with each of you because you allow me to spend each day doing what I love in the city that I love.

Thank you again,

Derrick Craig

Post: Thoughts on the market?

Derrick Craig
Pro Member
Posted
  • Memphis, TN
  • Posts 969
  • Votes 524

@Henry Tse

Great Market to start your investment portfolio I currently own 75 Units/SFR/DUPLEXS and 6 multi-units, let me know if you have any questions or concerns with your search here in Memphis TN.

Post: Property Manager in South Memphis area

Derrick Craig
Pro Member
Posted
  • Memphis, TN
  • Posts 969
  • Votes 524

@Marc Biviano

We could look at manage the property for you as well I have several of my own personal investments in that area

Post: MULTI-FAMILY PASSIVE INCOME MACHINE- 4-PLEX IN MEMPHIS TN

Derrick Craig
Pro Member
Posted
  • Memphis, TN
  • Posts 969
  • Votes 524

Hi @Brent Olsen

You are welcome...

I hear the same negative comments regarding MF properties in Memphis as well....What's so funny almost every area I invest in whether it's SFR or MF, I have those same negative comments.... But it never stopped me from investing in those areas because I have proved I can do and have done what others can't do here in Memphis...

I have purchased, rehabbed/renovated, rented, sold, and property managed over 15 MF properties here in Memphis TN... 

To be honest with you the best way I can explain this to you is I can do what others CAN NOT do here in Memphis TN.. I realize that and the naysayers understand this as well, because I have the numbers and track record to prove it.

Post: MULTI-FAMILY PASSIVE INCOME MACHINE- 4-PLEX IN MEMPHIS TN

Derrick Craig
Pro Member
Posted
  • Memphis, TN
  • Posts 969
  • Votes 524

Multi-Family 4 Plex located less than a mile from Fed Ex Forum- Downtown Memphis TN

306 S Lauderdale Memphis TN 38126... Turnkey, Rehabbed, Cashflowing, Real Estate Investment, Passive Income, you name it all of the above... Please check out the figures below and contact me if you need any more information....

Price $125,000.00

Income- $1800.00 a Month

EXPENSES BELOW

Taxes- $807 a Year-Actual Figure

Insurance- $850 a Year- Quote from insurance Company

Property Mgmt Fee- 8% =$144.00 a month- Actual Figure

Utilities- Average $125.00 a month- Includes water and hall way/outdoor light

Maintenance - $180.00 a Month- Estimate-Figure is unknown

Vacancy- $180.00 a Month- Estimate-Figure is unknown

If interested please contact Derrick Craig, 901-212-4476 or email [email protected] or [email protected] visit our Website for more Turnkey Investment Properties Click-

Memphis Buy and Hold Properties

Please View the Before and After Video of this property I hope you like it, we worked Very Very hard to get this property back up and running!! Brought to you by Memphis Buy and Hold!!

306 S Lauderdale-4-Plex BEFORE REHAB WAS DONE!!!

And here is 306 S Lauderdale Memphis TN 38126 -4-Plex AFTER REHAB COMPLETED!!!!

306 S Lauderdale-AFTER REHAB

Post: Memphis Market Wholesale

Derrick Craig
Pro Member
Posted
  • Memphis, TN
  • Posts 969
  • Votes 524

@Miyako Boyer

Can you PM me the addresses then I can tell you what I think?

Post: Revitalization Efforts near Downtown: Safe to Invest there?

Derrick Craig
Pro Member
Posted
  • Memphis, TN
  • Posts 969
  • Votes 524

Hi @Hadar Orkibi

Each rehab has a different amount of cost associated with it.. There is never a rehab that will have the same cost as another rehab nor multi-family rehab cost per door all will be totally different from the others it just depends on the amount of work that needs to be done in each unit or SFR home.

I wish I had a better answer for you.

Post: Great Fully Renovated Deal In Memphis TN

Derrick Craig
Pro Member
Posted
  • Memphis, TN
  • Posts 969
  • Votes 524

Very nice home!!