All Forum Posts by: Derrick Craig

@Benny Morfas

There is nothing wrong with buying a 4-plex out of state for $39,900 in a C or D area it all depends on the PM company that you feel can successfully manage it and make it work for you that is the toughest part!! 

Now if it was in your city/area then you could make it happen with less stress..

For example- I purchased this 4-plex located at 306 South Lauderdale Memphis Tn 38126 

306 South Lauderdale Memphis TN before renovations

For a WHOOPING $5000 yep $5k -  Renovated it and rented it out for $450 a unit... and this is considered by many a C/D area as well. 

After renovations 306 South Lauderdale Memphis TN 

@James Wise

I am ready let's make it happen!

@Al D.

What "this" is... Is explained by @Michael Williams vacant houses in his mom's C/D area showed those properties as they were and had tenants lined up to rent them before they were finished. By no means will I proclaim to be the best as you stated, I have only been owning, managing, rehabbing, investing in properties here in Memphis TN in C/D grade areas since 2002. Also I was born and raised in some of these same areas, If I have a property in shape to show a potential tenant then I show it. That has never stopped nor deterred any potential renters especially in D areas of Memphis TN.

Again this is just my opinion and you have the right to run your properties how you would like to.     

@Michael Williams 

I 100% agree with you!! I try to explain this to some of my investors/owners most understand which is GREAT!! 

"There WERE numerous vacant house in her area and one rental company started buying them and showing them as they were and had tenents linded up before they finished rehabbing them."

Thank you,

CASH FLOW MACHINE!!! Long Term Tenants

925 N Frayser Circle MEMPHIS TN 38127 – Very Nice Home in Frayser!!

Status: AVAILABLE!!
Purchase Price: $39,000
Property Type: Single Family
Beds/Baths: 3 beds, 1 baths
Square Feet: 1317 sqft
Lot Size: 0.4 acres
Year Built: 1949
Occupancy Status: Rented- Same renters since June 2013 at $565 a month

Property Management- 8% Currently Managed by DCC RENTALS LLC. 

NEW ROOF!!

• 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.

15% ROI- MEMPHIS Buy And Hold!!

3848 Overton Crossing St Memphis TN 38127

Status: Available
Purchase Price: $54,900
Property Type: Single Family
Beds/Baths: 3 beds, 1 1/2 bath
Square Feet: 1,496
Built: 1956
Occupancy Status: Rented

PROPERTY DESCRIPTION

Currently Rented for: $700 a Month Sec 8 tenant

Property Management Fee: $56 a Month
Property Taxes: $74.67 a Month
Insurance Quote: $45 a Month
Vacancy: $45.00

Maintenance- $50.00
CAP EX- $50.00
If purchased all cash no Mortgage you would expect to CASH FLOW- $379.33

ROI = 15%

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.

@Jessica Gettle

Roof foundation heating and cooling systems are fine, there are no major repairs needed. Cash offers absolutely flexible but not anything ridiculous LOL!!

Very NICE Home!- Rented $600 A Month! PASSIVE INCOME!

Status: Available
Purchase Price: $44,900
Property Type: Single Family
Beds/Baths: 3 Beds, 1 Bath
Square Feet: 985 sqft
Lot Size: 0.155 Acres
Year Built: 1963
Occupancy Status: Rented

PROPERTY DESCRIPTION

2264 Theda Ave Memphis TN 38127
3 Bedroom 1 Bathroom
List Price- $44,900
Taxes- $748 a year

Insurance- $350 a year
Property Management Fees- 8% of rent collected a month = $50.00 a month
Rented- $600 a month

Vacancy/Maintenance – $90.00 (Guesstimate)

Cash Purchase Monthly Cashflow = $367.00!!!

• 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.

Totally Brand New Turnkey Rental Property! Near U Of M

3004 Carnes Ave Memphis TN 38114

CLICK TO VIEW PROPERTY!

Status: Available
Purchase Price: $79,500
Property Type: Single Family
Beds/Baths: 3 beds, 1 1/2 baths
Square Feet: 1,540 sqft
Lot Size: .5640 Acres
Year Built: 1955
Occupancy Status: Rented- Sec 8 1 yr lease

PROPERTY DESCRIPTION

This is a 3 Bedroom 1 1/2 bath home located near U of M, Recently remodeled inside and outside includes paint, New windows, toilet, hot water tank, New HVAC, NEW ROOF, ceramic tile in kitchen, Den, Laundry room and bathrooms, plank hard wood floors, wrought iron outside doors, new plumbing, new electrical, new light fixtures, and many many more.

Built- 1955
Currently Rented for $850 a Month- Sec 8 1 yr lease
Property Management Fee $68 a Month
CITY and COUNTY TAXES ONLY – $68.84 a Month
Insurance Quote -$34.25 a Month
Vacancy- $65.00

Maintenance- $55.00
CAP EX- $35.00

ROI- 14.68%

If purchased all cash no Mortgage you would expect to CASH FLOW- $523.91

• 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.

2 Yr Lease NICE Turnkey Investment Property!!

4512 Neely Rd Memphis TN 38109

4512 Neely Rd- CLICK TO SEE!!!

Status: Available
Purchase Price: $90,000
Beds/Baths: 3 beds, 1.5 baths
Square Feet: 1,447 sqft
Lot Size: 10,500 sqft
Year Built: 1962

PROPERTY DESCRIPTION

4512 Neely Rd, Memphis, TN 38109 – Passive Cash Flow Machine!

4 Bedrooms, 1 1/2 Bathrooms
List price: $90,000
Taxes $1,164 a year = $97.00 a month
Property Management Fees – 8% = $76.00 a month
2 yr lease Rented $950 a month

Insurance-576 a year = $48.00 a month

Vacancy – $40 a month

Maintenance- $76 a month

Cash flow each month = $ $613.00 if purchased all CASH!!

Updates Include:

New roof, new siding, new wrought iron doors, new metal security doors, new paint inside, new electrical service, new light fixtures ceiling fans sockets etc., new plumbing, new laminate hardwood flooring, new carpet, new ceramic tile.. and the list goes on and on and on!!!

• 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.