All Forum Posts by: Haim Mamane Palman

@Sean Tagge I mostly do high end remodels in San Francisco, private lending, and buy rentals here and there. Do you work with James Wachob? Happy to jump on a call with you. 
best,

Haim

Hi,

I no longer wholesale in Memphis. 

Good luck,

Haim

Off Market**Selling my interest/Contract to buy this property but I have the capacity and intention to buy it.

This Victorian property located in the heart of the Richmond district.

12 bedrooms 5 bath, 3575 sqft.

 There are TWO structures on one Lot - a triplex with significant fire damage and a bonus property in the back with 5 bedroom 2 bath. See videos below.

The triplex is completely gutted and the back unit can be converted to two legal units (permits already approved).

*sold subject to tenants rights. 

Check out the videos just to give you an idea of the scope of the work and the layout of the properties:

- First Floor Triplex: https://vimeo.com/231649535

- 2nd Floor Unit Triplex: https://vimeo.com/231649472

- Top Floor Triplex: https://vimeo.com/231649349

Bonus Property in the Back: https://vimeo.com/231649906

Pictures link: https://www.dropbox.com/sh/tcc12jxp9lrvkfg/AADWBa_eFJNKCIyo-cHfB-KEa?dl=0

After Repair Value: 3M range. if your exit strategy is TIC conversion it can be 3.1-3.2M maybe even more. But it really depends on your exit strategy.

Contact [email protected] for more details/showings

@Derrick Craig I did not notice that this may be confusing to readers. Thanks for pointing this out. I've edited the title. 

Nice Brick house with great bones. Property in decent shape and needs minor repair to bring to rent-ready condition.

Rent estimate: 675-$725.

You can be all in at 35k. Every investor runs their numbers differently but if you have a breakdown spreadsheet with estimated ROI please let me know.

This will be a cash cow if you have a local company to manage the property. I can connect you to reputable company that can get you a bid to bring it to rent-ready condition and manage the property. (Crestcore Realty)

See link to pictures and video to get a better idea of the condition of the property. 

Feel free to reach out if you need more details at [email protected]

Pictures Link - Click Here

Video Link - Click Here

I've used sensefinancial.com and I'm a happy customer. FYI Biggerpockets members get $200 discount when you mention that to them so it's really $800 setup fee and $200 per year. I've been with them for three years now and they've been super professional. 

Full details in the link: https://sflp-marketing.clickfunnels.com/optin16463704

2800 Sqft

6 Bedrooms

3 Bathrooms

3 Car Garage (Tendam)

Nice Size Back Yard

Fire damage on the top unit. Both units are vacant. 

Currently there are 3 units. The 2nd floor unit was split into two units (without a permit) years ago. It's recommended to abate the 3rd unit and convert the property to two legal spacious units.

Top units is 1161 sqft 2 bedroom 1 bath with two big living spaces.

Lower unit once converted is 1637 sqft 4 bedroom 2 bath with two big living spaces.

There is a lot of space in the garage area (1480 sqft) that can converted to in-law unit or an office space.

Watch Link below for more details - videos, pictures, As Built drawings, Comparable sales, full CMA report.

After Repair Value 2.3-2.4M

* Property sale subject to tenants rights. 

https://sflp-marketing.clickfunnels.com/optin16463...

Contact [email protected] for more details. 

Serious inquires only.

This home is 3 bedroom 2 bathroom 1386 sqft house located 1.2 miles from Pittsburg/Bay Point Bart in a great neighborhood. Only needs light cosmetic work, roughly 10k. Current rents for similar homes are $2,300-$2,400 per month, potentially higher as there is high demand for rentals in this area. 

Get into this home today with 75% financing, no bank involved. Loan balance at the end of 7 years will be $310,000, if the property continues to appreciate at the current rate this home will easily be worth over 550k. Will easily sell for $440,000 in current market.

-Purchase Price: $375,000
-Down Payment + Acquisition Fee : $97,500
-Seller Carry Back Note Balance: $337,500
-Amortization: 35 Years
-Interest Rate: 5.5%
-Monthly Payment (Principal & Interest): $1812.43
-Balloon Payment: 7 Years
-Close In 10 Days
-Buyer Pays Closing Costs

Pictures and video of the property here: https://www.dropbox.com/sh/4luvioo8mrqplgg/AAAR0es...

If you need more information or have more questions please email [email protected]

Selling my interest/contract for the property on: 2001 Nelson Ave. Memphis, TN 38104

Off Market- In the heart of Super Hot Cooper Young neighborhood. This is not a Junker! Property is dated and needs some upgrades if you want to attract a retail buyer to pay top price. It has a huge upside potential as there are Sold, Pending and Active listing in the 290-359k price range (see 2017 Nelson Ave. currently pending with Listing Price of 315k which is a block away from the subject property).

I'm not a contractor but based on feedback from few contractors, Retail Grade Rehab Estimate would be in the 55-65k range. You may have a crew that can do it at a lower price.

Tenants will be out upon closing.

After Repair Value: 290-315k

Comparable Sales:

Sold

- 1920 Young Ave, Memphis, TN 38104 3 beds 4 baths 2,200 sqft $300,000 Sold on 03/01/17

- 1021 Meda St, Memphis, TN 38104 4 beds 3 baths 2,343 sqft $285,000 Sold on 03/01/17

- 764 Velma St, Memphis, TN 38104 3 beds 3 baths 2,396 sqft $292,500 Sold on 04/05/17

- 1987 Elzey Ave, Memphis, TN 38104 3 beds 3 baths $309,500 Sold on 12/02/16

Pending

- 2017 Nelson Ave Memphis, TN 38104 3 beds 3 baths 2,900 sq ft Listed at $315,000

Active

- 1996 Elzey Ave Memphis, TN 38104 4 beds 2 full, 1 half baths 2,300 sq ft Listed at $349,000

- 883 S Cox St Memphis, TN 38104 3 beds 2 full, 1 half baths 2,300 sq ft Listed $359,000

- 935 Philadelphia St Memphis, TN 38104 3 beds 2 full, 1 half baths 2,300 sq ft listed $319,900

Access: DO NOT DISTURB TENANTS. Please complete the form here if you to access the property: https://podio.com/webforms/17866886/1200457 or call (901) 602-7874

*All properties Subject to errors, omissions, deletions, additions, cancellation. All properties sold as is, where is with absolutely no representations written or oral. Buyer is to do their own independent due diligence. Property will not be considered under contract until signed contract and deposit received with all contingencies removed. Sales price is net to seller.

Super nice Bartlett house that can be rehabbed and sold to a retail buyer for top price or kept as a solid rental. House is very well maintained and needs minimal cosmetic work. If you want to rehab and sell to a retail buyer, you will need to spend 20-25k in repairs. In this hot market, this property will move fast.

Rent Range: $1250-1300

Access: DO NOT DISTURB TENANTS. 

Please complete the form here if you to access the property: https://podio.com/webforms/17866886/1200457

(901) 602-7874