All Forum Posts by: Leo Koonan

it looks like  TN is more and more attractice for low prices real estate as from what ive see it has the bigger cash on cash value, thats what kind of made me suspicuous if there is a catch  in buying a $30k property with  $650 rent. Thought the areas in total are bad or just bad investments in general.
Thanks for your help, i might be looking for a good PM and an agent in that area in few months to start investing.


Originally posted by @Jack Inman:

@Leo Koonan  Memphis is a major player in the single family rental market for good reason. You'll find high rental rates relative to the acquisition price and favorable landlord laws here. I've personally evicted a tenant and gone through the bankruptcy courts when a tenant who I was evicting filed bankruptcy. The eviction cost less than $200 and the tenant will be out in less than two months; very easy and straight forward process. Usually the tenant doesn't show up and you get a default judgment. 

If you do your due diligence when placing a tenant then you likely won't have an eviction in the first place. (My eviction was a tenant that was in the property when I bought the place)

Let me know if you have any specific questions,

Jack

Send youre email address. Originally posted by @Leo Koonan:

details please