All Forum Posts by: Derrick Craig

@Precious Thompson 

Section 8 should be your BEST friend!!

I agree totally with @Steve Babiak 

Your post is going to bring out some unethical sharks that don't mind biting... Be Ready!! 

@Brandon Heath 

Welcome to BP!! You are in the right place!

@Carey Usher 

Welcome to BP!!

@Dean Suzuki 

I like the deal #'s look good and if that is the home on Almond Cv that you are referring to then that makes the deal even sweeter!! Cliff and Hulet are super AWESOME guys to work with!!

Happy investing,

Derrick

Welcome @Justin Hancock you came to the right place!!! I would listen to some of the podcast and also check out some of your local REIA lots of people to network with to help replace your expenses with rental income.

You will do just fine,

Derrick

Correct!! I was going by what the tax assessors stated.

PLEASE CHECK OUT www.memphisbuyandhold.com for the BEST WHOLESALE TURNKEY REALESTATE INVESTMENTS IN MEMPHIS TN!!


Home Rented $750
1 year lease- Government assisted tenant rent guaranteed!!
Rehabbed/Renovations included in price-$12,300
Beautiful Ceramic Tile, Nice brand new Carpet, Brand NEW ROOF!!
New Doors inside and out
New remodeled Bathrooms-Toilet, Tub and Vanity
Brand new Cabinets in kitchen
New Windows on every window
New hot water tank
Buy and Hold for Passive Cash Flow

Home Details- 1189 Pelican Ln, Memphis TN 38109

Sale Price-$42,500.00

Taxes- City and County- $811.00 divided by 12 months = $67.58

Insurance estimate- $550.00 divided by 12 months = $45.83

PM Fee- 8% = $60.00 a month

Rented Section 8 Tenant- $750.00 a month

Vacancy??-Rent from Section 8 is guaranteed for a year!!-let's estimate 15%= $112.50

Maintenance Expenses???-unknown- let's estimate 20%- $150.00

CASH PURCHASE SCENARIO BELOW!!

$750 minus $67.58 minus $45.83 minus $60.00 minus $112.50 minus $150.00 =

$314.09 CASH FLOW

Hi @Sophia Brown 

Everyone has experienced that nervousness!!! You will be fine with the proper guidance and BP will definitely give you that!!

Good Luck Investing!!

Your local REIA would be the best place to start!!