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All Forum Posts by: Dean Harris

Dean Harris has started 335 posts and replied 664 times.

Post: Out-of-State Investor Looking to Connect with Memphis Real Estate Community

Dean Harris
#4 Classifieds Contributor
Posted
  • Real Estate Agent
  • Memphis, TN
  • Posts 1,272
  • Votes 1,336

@Carter Ford

Welcome to BP! I own long term rental properties in all of those zip codes you mentioned in Memphis. Those areas have been really strong for me over the last 11 years. Im happy to answer any questions you may have about those specifc markets. 

I also break down each of these zip codes with their rental range, price points and appreciation stats in my weekly podcast, "Investors Guide to Memphis Real Estate". You can find it where you listen to podcasts

Best of luck in Memphis and Im happy to connect anytime. 

Post: What is the norm in Memphis TN

Dean Harris
#4 Classifieds Contributor
Posted
  • Real Estate Agent
  • Memphis, TN
  • Posts 1,272
  • Votes 1,336

I own a large portfolio of single family rentals in Memphis, TN  in the rental ranges from $900-$2300. You need to be careful using a one method of providing appliances....especially if it sounds too good to be true. In a lower end rental in Memphis, you can get away with minimal appliances (Borderline slum lord). Sometimes just a stove/oven will be enough. In other rental markets in Memphis, you will need to provide a stove and maybe a dishwasher and then in others you might need to privde everything in order to get your market rent. Be careful listening to agents and investors that own just a few rentals in a isolated location. I own property  in 12 different zip codes around Memphis. Im happy to answer any questions you may have

I also host a weekly podcast called the "Investors Guide To Memphis Real Estate". You can listen wherever you listen to podcasts. I talk about this specifc topic in one my my shows!

Best of luck!

Post: Investing in SFH in Southaven Mississippi (near Memphis)

Dean Harris
#4 Classifieds Contributor
Posted
  • Real Estate Agent
  • Memphis, TN
  • Posts 1,272
  • Votes 1,336

Hi @Mendy M.

Southaven can be a really strong market to invest in. I own several Southaven SF rentals in the $1500-$1700 range. I also own several in Horn Lake and that is the city next to Southaven. Both areas have a strong tenant base in DeSoto County. 

Happy to answer any questions you might have based on my personal investing expierence in Southaven & Horn Lake!

Post: Where to invest using BRRRR Strategy

Dean Harris
#4 Classifieds Contributor
Posted
  • Real Estate Agent
  • Memphis, TN
  • Posts 1,272
  • Votes 1,336

I have personally used the BRRRR strategy over 40 tiems my self in Memphis. My clents might have used this stratgy hundreds of times!!

I host a podcast where I talk all about it. Its called "The Investors Guide to Memphis Real Estate"

Post: Most positive cash flow cities, tax friendly states, Landlord friendly states?

Dean Harris
#4 Classifieds Contributor
Posted
  • Real Estate Agent
  • Memphis, TN
  • Posts 1,272
  • Votes 1,336

@Brian Jackson

Im an investor in Memphis, TN and I own a large portfolio of SF rentals. Im happy to answer any questions you might have about how I invest in Memphis and I can offer up all of my vendor partners to you as well. 

My weekly podcasts will also help you get a better feel of our market and then might help you learn our market quicker and with more data. 

Best of Luck!

Post: Investment Opportunities in Memphis

Dean Harris
#4 Classifieds Contributor
Posted
  • Real Estate Agent
  • Memphis, TN
  • Posts 1,272
  • Votes 1,336

Hi Daniel!

Memphis, TN will have several opportunities! I have been investing here for years and I focus on the BRRRR strategy. I have clients that work all kinds of stratagies and programs. Happy to help in anyway I can. My weekly podcast about investing in Memphis might be a good place to start and begin to familierize yourself. Happy to send you the link

Best of Luck!

Post: Thoughts on Investing really close by international airport

Dean Harris
#4 Classifieds Contributor
Posted
  • Real Estate Agent
  • Memphis, TN
  • Posts 1,272
  • Votes 1,336

This is going to be "City Specifc" in my opinion. In Memphis, TN, we have solid communites to invest in around our airport. Other cities, not so much!

38116 and 38118 are the areas Im referring to and I have a Podcast where I break down the stats and all details of those areas. I also own over 15 properties in these two zip codes. Happy to share!

Good Luck!

Post: Investment Opportunities in Memphis

Dean Harris
#4 Classifieds Contributor
Posted
  • Real Estate Agent
  • Memphis, TN
  • Posts 1,272
  • Votes 1,336

@Daniel Summer

Welcome to BP! I invest in Memphis, TN and I use the BRRRR strategy for most of my purchases. Im happy to connect and share our vendor list with you.

Good Luck!

Post: When to get a property manager

Dean Harris
#4 Classifieds Contributor
Posted
  • Real Estate Agent
  • Memphis, TN
  • Posts 1,272
  • Votes 1,336
Quote from @Sean Gallagher:
Quote from @Dean Harris:

@Mike Sfera

This is a great question and one I get from our client base often here in Memphis, TN. If you plan to scale, I would get one right away on your first property. Make it part of your business model and focus on scaling vs managing. I personally own a large portfolio here in Memphis and I hired a property manager for the very first proeprty and I still use them today. 

Hi Dean, how much did you really leave up to your property managers after purchasing a home when looking to scale?  Because as we know not every property will be turn key.  Did they handle everything after purchase?  Meaning walking the home, seeing what needs to be done to get rent ready and completely managing it from start to finish?


Each Prop mgr will be different but yes, mine would handle all of those things that you would need. I'm personally more hands on but the service is there for you to take full advantage of

Post: "New Investor Focused on Long-Term Rentals & Multifamily Properties"

Dean Harris
#4 Classifieds Contributor
Posted
  • Real Estate Agent
  • Memphis, TN
  • Posts 1,272
  • Votes 1,336

Welcome to BP, @Laqurn Andrews

I invest in Memhis, TN and I have for over 10 years! Happy to connect!