All Forum Posts by: John Ferraro

Rimon,

I invest in the Memphis market as well as working in neighborhoods as a firefighter. Which gives me a slightly diffrent insight boyonf kost investors. Send me you email and i can provide you an area investment map i have created. But i would agree that buy and hold will work far better for out of state investing. 

I also can recommend some pros if yiu need PM or realtor in the area.

good luck

John

Investment Info:

Single-family residence buy & hold investment in Bowling Green.

Purchase price: $195,000
Cash invested: $19,300

3/2 with unfinushed basement

What made you interested in investing in this type of deal?

Student housing rented by the room

How did you find this deal and how did you negotiate it?

MLS

How did you finance this deal?

Conventional second home 10% down

How did you add value to the deal?

Finishing basement to add 2 more bedrooms

What was the outcome?

3 rooms rentered and basement remo to come

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Realtor Tom Aukland . The best around. The reason I am investing in this market

Hey Nick, A little info on that part of town. That is deep into south Memphis just north of McLemore and Jesse Turner Park. I am a Memphis fire fighter and I have worked this neighborhood for more then 5 years It is not an area i would buy a property. This is one of the toughest hoods in the country and I imagine that It will bring you repair after repair and ALOT of turnover. It is near Stax museum but other then that not many outsiders travelling to this part of town. This is my opinion as a rental property investor and someone who spends plenty of time in the area. msg me if there is anything else i can help with 

I am a Memphis Investor who would also be willing to take a look and come up with ideas to get out of your situation. PM me with your info