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All Forum Posts by: Douglas Skipworth

Douglas Skipworth has started 225 posts and replied 1239 times.

Post: Package Deal 10 * SFR in Memphis, Tennessee

Douglas Skipworth
Posted
  • Rental Property Investor
  • Memphis, TN
  • Posts 1,315
  • Votes 1,135

Hello, Srikanth.

Here are the first 10+ items we use when evaluating an opportunity like the one you have right now.

Hopefully, the seller or your soon-to-be property manager can provide answers for you.  If they can't, I'm happy to try to help.

Thanks, 

Property Address
Asking Price
Rent Rate (based on rental comps)
Physical Characteristics (e.g., bed, baths, SQFT, etc.)
Occupancy Status (preferably a Rent Roll)
Rehab Estimate (vacant or if tenant leaves)
Market Value (based on sold comps) also known as ARV (After Repair Value)
Current Manager
Assignment Fee / Agent Commission
Back Taxes / Liens / Mortgages
Owner Financing Availability
Closing Time Frame
Photographs
Leases and Tenant Ledgers

Post: Broker, Appraiser, Investor

Douglas Skipworth
Posted
  • Rental Property Investor
  • Memphis, TN
  • Posts 1,315
  • Votes 1,135

Hi, Brian.

Sounds good.

To create my signature, I just went into my BP profile settings and checked all of the following boxes under the Signature Options.

Hope that helps.

Use my name and company in my forum signature

Use enhanced signature

Show Email Address

Show Telephone Number

Show Website Address

Show Signature Line

Post: Package Deal 10 * SFR in Memphis, Tennessee

Douglas Skipworth
Posted
  • Rental Property Investor
  • Memphis, TN
  • Posts 1,315
  • Votes 1,135

Hi, Srikanth.

Congratulations!

Are you using a licensed real estate agent to represent you?  

Thanks,

Post: NWA Real Estate Experts

Douglas Skipworth
Posted
  • Rental Property Investor
  • Memphis, TN
  • Posts 1,315
  • Votes 1,135

Hi, Bret.

Welcome to BiggerPockets!

I'm in Memphis, but am also actively involved in Central Arkansas and Eastern AR.  

I have 2 good friends in NW AR.

The first is Jerry Allred with Allred Properties.

The other is Brant Barnes who recently helped start the NWA-REIA.

I'm happy to introduce you to them if you don't know them already.

Best regards,

Post: Broker, Appraiser, Investor

Douglas Skipworth
Posted
  • Rental Property Investor
  • Memphis, TN
  • Posts 1,315
  • Votes 1,135

Hi, Brian.

Welcome to BiggerPockets!  

We are active investors, agents, and property managers in North MS and are happy to help however we can.

Years ago, we were active in Tupelo and used Mike Deaton for our appraisal work.

I don't have any personally experience with SLS, but I'll ask around our office and let you know if anyone else does.

Best regards,

Post: Woohoo - SFR #2

Douglas Skipworth
Posted
  • Rental Property Investor
  • Memphis, TN
  • Posts 1,315
  • Votes 1,135

Michael,

Congratulations on the new property!

We use Rentometer, Zillow, MLS, Craigslist, and similar sites to quickly see what the rent ranges are for specific areas. We also call For Rent signs in the neighborhood.

As for capturing the highest rent possible, my experience confirms what your thinking.  Finer finishing touches should help distinguish your house and command a higher rent.

Great job!

Post: New member in Mississippi

Douglas Skipworth
Posted
  • Rental Property Investor
  • Memphis, TN
  • Posts 1,315
  • Votes 1,135

Welcome to BiggePockets, Todd!  I think you'll learn a lot from the BP community.  

In addition to James' great suggestion above, I would recommend reading the blogs.  

I would also encourage you to contribute to the forum discussions whenever you have questions or comments.  Personally, I'm learning a ton that way.

By the way, we invest in north MS, but hope to make it to the Jackson area before too long.

Let's keep in touch.

Douglas

Post: New investor in North Ms and Memphis tn

Douglas Skipworth
Posted
  • Rental Property Investor
  • Memphis, TN
  • Posts 1,315
  • Votes 1,135

Melvon,

Welcome to BP!  You'll love it here.

James Wachob is a colleague of mine and he is first class!

Please let me know if there's anything I can do for you.

Best regards,

Post: New Member to BP!!!!!! Very excited to meet all of you!!!!!

Douglas Skipworth
Posted
  • Rental Property Investor
  • Memphis, TN
  • Posts 1,315
  • Votes 1,135

Patrick,

Great to have you as part of the BP community!

Please share your insights (and deals!) with us frequently.

And, let us know what we can do to help you.

Best regards,

Post: SFR Investment in Memphis, TN

Douglas Skipworth
Posted
  • Rental Property Investor
  • Memphis, TN
  • Posts 1,315
  • Votes 1,135

Patrick,

Will the owner consider seller financing on this one?

Thanks,