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All Forum Posts by: Douglas Skipworth

Douglas Skipworth has started 225 posts and replied 1236 times.

Post: Are there opportunities out there?

Douglas Skipworth
Professional Services
Pro Member
Posted
  • Rental Property Investor
  • Memphis, TN
  • Posts 1,312
  • Votes 1,135

Are there opportunities to buy right now? @Dean Harris says yes there are in Memphis (and if you can't see them to open your eyes!). 

Post: How is 2024 going to start out?

Douglas Skipworth
Professional Services
Pro Member
Posted
  • Rental Property Investor
  • Memphis, TN
  • Posts 1,312
  • Votes 1,135

How do you think 2024 is going to get started?  @Dean Harris and I think it's going to be a continuation of the past few months.  Our January is already set up to be 4 or 5 times better than Jan 2023!

Post: Deal of the Week (Memphis 38127)

Douglas Skipworth
Professional Services
Pro Member
Posted
  • Rental Property Investor
  • Memphis, TN
  • Posts 1,312
  • Votes 1,135
Quote from @Ben Bolin:

Your guys' podcast is gold @Douglas Skipworth! I found it about a week or so ago and invest in memphis currently and have been kicking myself that I didn't find you guys' earlier! I reached out to Dean and hope to try to get something together with you guys here in January.

Thanks, Ben. @Dean Harris and I work really hard to make it informative for Memphis investors. Glad you found it. Be sure to stay tuned in 2024. It's going to have been more in depth!

Post: Are you seeing mismanagement right now?

Douglas Skipworth
Professional Services
Pro Member
Posted
  • Rental Property Investor
  • Memphis, TN
  • Posts 1,312
  • Votes 1,135

Are you seeing buy and hold properties that have been mismanaged and need to be sold?  In Memphis we are.

Post: Are you using hard money right now?

Douglas Skipworth
Professional Services
Pro Member
Posted
  • Rental Property Investor
  • Memphis, TN
  • Posts 1,312
  • Votes 1,135

It's tougher to borrow from banks right now so we've seen more folks using hard money loans to fix and flip and to buy and hold.  Are you seeing the same thing or something different?

Post: Inventory level in Memphis compared to pre-Covid

Douglas Skipworth
Professional Services
Pro Member
Posted
  • Rental Property Investor
  • Memphis, TN
  • Posts 1,312
  • Votes 1,135

Where is today's inventory level in Memphis compared to pre-Covid? Listen below and find out.

Post: Extra deal of the week in Memphis (38117)

Douglas Skipworth
Professional Services
Pro Member
Posted
  • Rental Property Investor
  • Memphis, TN
  • Posts 1,312
  • Votes 1,135

@Dean Harris slipped in this unofficial deal of the week during the middle of our most recent podcast.  It's already under contract, but Dean always has listings and opportunities like this one so please reach out if you're looking for buy and hold or fix and flip in Memphis.

Post: Does it work to offer houses to investors and owner occupants?

Douglas Skipworth
Professional Services
Pro Member
Posted
  • Rental Property Investor
  • Memphis, TN
  • Posts 1,312
  • Votes 1,135

When you're selling a house, is it possible to offer it to owner occupants and investors?  In certain parts of town, you definitely can.  

Last month, I listed one that appeals to both types of buyer.  Today, it's under contract and scheduled to close this month to a buy and hold investor.

Post: Real Estate Attorney for BRRRR Investing

Douglas Skipworth
Professional Services
Pro Member
Posted
  • Rental Property Investor
  • Memphis, TN
  • Posts 1,312
  • Votes 1,135

@Jordi Valado, when it comes to real estate attorneys in Memphis, I've found that Will Griffin, Jr. is as good as they come. He does hundreds of investor closings each year. He's seen it all and should be able to handle whatever you throw at him.

Post: How do you define turnkey properties?

Douglas Skipworth
Professional Services
Pro Member
Posted
  • Rental Property Investor
  • Memphis, TN
  • Posts 1,312
  • Votes 1,135

Is there an agreed upon definition of "turnkey?" Here's how @Dean Harris defines it.