All Forum Posts by: Eric Formiller

2945 Lake Park Rd, Memphis, TN 38127

https://www.redfin.com/TN/Memphis/2956-Lake-Park-Rd-38127/ho...

Hello everyone, I have been seeing properties like come across the market and it's hard to not take a look. Properties like this interest me because of their cheap price and fairly high rents. According to the FMR HUD for that zip code a property of this type should get somewhere around $1620 per month. The property has also appreciated really well. It sold for $50,000 in 2020 and now it is listed for $85,900. Zillow estimates it to be worth $81,000. That is a 62% appreciation. I know it might not sell for its listed price but it still has solid appreciation. This area is clearly growing and could possibly be a good opportunity. As always I have my doubts about the legitimacy of it all. If someone could give me any advice or suggestions on properties like this it would be greatly appreciated!

Thanks for taking a look!

Hello, I am looking at some multi family investment properties and I see big difference in price in properties that are turnkey from ones that are fixer uppers. What do you guys think the best route to go is? I can see pros and cons to both sides but I would like to hear some advice from a more experienced investor. 

Look forward to reading the replies!

 Appreciate the advice I will definitely look into the area!

Great advice, thank you!

Solid advice, thanks Bradley!

Thank You, Ned!  Appreciate the feedback & advice.

Hello everyone, I am a new user on this platform and joined because I am interesting in investing in multifamily and connecting with experienced investors. I have been doing research for a couple months now and I feel a lot more educated than I did before. If anyone has advice or personal experiences they could share I would really appreciate it. I am still unsure of a location where I should buy, so any advice on that would be awesome too.

I look forward to hearing your suggestions!

Hello everyone, I am a new user on this platform and joined because I am interesting in investing in multifamily and connecting with experienced investors. I have been doing research for a couple months now and I feel a lot more educated than I did before. If anyone has advice or personal experiences they could share I would really appreciate it. I am still unsure of a location where I should buy, so any advice on that would be awesome too. 

I look forward to hearing your suggestions!