All Forum Posts by: Marco Morkous

@Timothy Lewis are you finding that there is more availability in LR?

Trying to find a good market for rentals. I live in Nashville. Great flip market but not great for rentals. I bought one property in Memphis but even there competition is now fierce and for me as a person using financing it’s almost to find even off market properties. Then there’s East TN. Too hot! Higher price point than I’m looking for! Where are you guys investing that has a lower price point, a place where those using community banks are successful? Preferably in TN or a neighboring state! Also if you can suggest community banks that finance rehab as well in the area you suggest that would be great! Thanks much

Trying to find a good market for rentals. I live in Nashville. Great flip market but not great for rentals. I bought one property in Memphis but even there competition is now fierce and for me as a person using financing it’s almost to find even off market properties. Then there’s East TN. Too hot! Higher price point than I’m looking for! Where are you guys investing that has a lower price point, a place where those using community banks are successful? Preferably in TN or a neighboring state! Also if you can suggest community banks that finance rehab as well in the area you suggest that would be great! Thanks much

So a wholesaler wants to get rid of a property. Has x amount as their sales under contract price, can I lowball that or is their price the locked in/lowest possible price?

So I'm wondering what you guys thoughts on LOC are. Basically they are a way make a cash purchase, finance the rehab, then after I could refinance and clear out the line of credit. Not as much dealing with lenders, cash but, faster close.

Any draw back I’m not seeing?

@Todd Rasmussen

Nashville, Clarksville, Chattanooga, Knoxville. Thank you

Who is your favorite investor friendly contractor for middle TN? East TN?? One that work with draw schedule preferred

Anyone know of a good reliable bank that funds rehabs for flips in TN area? I know they’re rare but I thought I’d ask

Sooo... most HML will tell you (it's in my interest that your deal works out) which sounds good and fairly legitimate given that if the flip doesn't sell after rehab they probably don't get paid timely and have to jump through some hoops. But is that actually true? Do they really have your best interest at heart? Reason I ask is that I want to use one for a flip but a little weary? Wanting to cross the Ts and dot Is.. what do you guys think? What was your experience like with HML? Did you use one for your first flip?

@Bob Prisco that’s true. Keeping it simple goes a lot on way