All Forum Posts by: Derrick Craig

Thanks a lot!!

@Steve Sanchez

GO @Jon Lafferty GO!!! Reminds me of how I started with a $10k Discover card and a $10k loan from y 401k.. HELOC's, conventional financing's, Portofolio/blanket/Stacked collateral loans are all good sources to refinance and pull cash out to purchase more investment properties and soon you will be retiring!! With Cash FLOW!!! LOL!! Keep up the great work!!

Agreed @Marc Ramsay

& @Stephen S.

You both are correct in my book!!

Once it hits CL you will be overwhelmed with calls..LOL!!

https://www.rentometer.com/

Pretty good site here

LET HIM GO!!! If you don't you will end up losing the other 3 tenants. If he doesn't get his act together.

NICE!! LOVE IT!!

@Joe Swagerty

I agree with @Dawn Anastasi

There is absolutely nothing wrong with Section 8 tenants, Especially if the tenant has stayed in the property for over 10 years. I think you have a GREAT DEAL!!! If you decide against the section 8 you will be faced with possibly more renovation cost on top of the possibility of no rent for a few months until it is rented out. Plus an unhappy renter.

Just continue to do inspections on the property.

Hi @Shawn Dandridge

I have several properties in this area of Memphis and since you are from Memphis you know it could be very tough to manage the property out of state. I don't mind helping you out but we can't lease it and allow you manage it from out of state due to you will need people on the ground to maximize profits from your investment... Especially South Parkway 38109, 38106. zip codes that some would say are "war zones" This term makes me laugh each time I see it LOL!!! I never thought or realized that I was going into Iraq- Desert Storm when I visited my Grand Ma' on Joubert Ave, and all during the time I was attending Lemoyne-Owen College on Walker Ave.

Some people would say these areas in Memphis are good/great areas to live and own Real Estate Investment properties... 38117, 38118, 38115, 38133, 38134.. take a look what's going on in those zip codes.

http://www.commercialappeal.com/news/2014/mar/06/one-person-reported-shot-oak-court-mall/

or

http://www.commercialappeal.com/news/2014/jan/27/jewelry-story-oak-court-mall-robbed-suspect-appreh/

or

@Andy Luick here the article I think you were talking about

http://www.myfoxmemphis.com/story/23614652/man-shot-while-renovating-home#axzz2xAuxYA6R

or

http://www.commercialappeal.com/news/2014/jan/18/wolfchase-shoppers-take-cover-shots-reported/

My point is Crime and Bad People are everywhere, not just any specific locations..

We do annual/yearly leases on our properties... Unless the investor and or tenant agrees to do a month to month lease. We tend to shy away from them.