All Forum Posts by: Drew Castleberry

@Jamie Gruber

It didn't work for my situation but contact @Karen Schimpf

https://www.biggerpockets.com/users/kasc0120

She's awesome and will do what she can to help you.

I'm being relocated out of state and I was going to rent out my primary, but found out my housing allowance will be voided if I do, so essentially I have to keep it empty if I want to get it...and I definitely want to get it as it will easily pay for the place and my new place.

But here's my situation, I'd like to donate the use of the property to my church to use as a mission house. I know I can't write off the lost income, i.e. if it'd rent for $2,000 a month, and I donate the use of it to the church, I can't write of the $2,000 as a charitable gift.

I know if I just treat it as a 2nd home, I can write off the mortgage interest and property taxes, but how do I set it up so I can write off the entire mortgage, insurance, utilities, etc?  

The only thing I've been able to find is a rent-free lease, which essentially would just put me in a net operating loss since I would have no income.

BRING OFFERS! Listed for appraised value of $240,000, but will consider all offers. Can be sold as entire package, mixed package or individually. Units need minimal to no rehab. All professionally managed at 10%.

Property #1

3689 Kerwin Memphis, TN 38128

3 beds, 2 baths, 1,111 sq ft appraised for $62,000 last July

Currently occupied and rented for $675 a month, can be rented for $700, lease ends 1/31/2017

Property #2

3401 Birdsong Ferry Memphis, TN 38118

3 beds, 1 bath, 976 sq ft appraised for $60,000 last August

Currently vacant undergoing turnover, market rent is $700

Property #3

3801 Brookmeade Memphis, TN 38127

3 beds, 2 baths, 1,322 sq ft appraised for $64,000 last October

Currently occupied and rented for $735 a month, lease ends 10/31/2016

Property #4

4272 Old Allen Rd Memphis, TN 38128

4 beds, 1 bath, 1,053 sq ft appraised for $55,000 last August

Currently vacant undergoing turnover, market rent is $700+

Do not disturb tenants.

Contact for more information.

Drew Castleberry (864) 906-3113

BRING OFFERS! Listed for appraised value of $240,000, but will consider all offers. Can be sold as entire package, mixed package or individually. Units need minimal to no rehab. All professionally managed at 10%.

Property #1

3689 Kerwin Memphis, TN 38128

3 beds, 2 baths, 1,111 sq ft appraised for $62,000 last July

Currently occupied and rented for $675 a month, can be rented for $700, lease ends 1/31/2017

Property #2

3401 Birdsong Ferry Memphis, TN 38118

3 beds, 1 bath, 976 sq ft appraised for $60,000 last August

Currently vacant undergoing turnover, market rent is $700

Property #3

3801 Brookmeade Memphis, TN 38127

3 beds, 2 baths, 1,322 sq ft appraised for $64,000 last October

Currently occupied and rented for $735 a month, lease ends 10/31/2016

Property #4

4272 Old Allen Rd Memphis, TN 38128

4 beds, 1 bath, 1,053 sq ft appraised for $55,000 last August

Currently vacant undergoing turnover, market rent is $700+

Do not disturb tenants.

Contact for more information.

Drew Castleberry (864) 906-3113

BRING OFFERS! Listed for appraised value of $240,000, but will consider all offers. All units need minimal rehab as they were all renovated last summer/fall of 2015. All professionally managed at 10%.

Property #1

3689 Kerwin Memphis, TN 38128

3 beds, 2 baths, 1,111 sq ft appraised for $62,000 last July

Currently occupied and rented for $675 a month, can be rented for $700+, lease ends 1/31/2017

Property #2

3401 Birdsong Ferry Memphis, TN 38118

3 beds, 1 bath, 976 sq ft appraised for $60,000 last August

Currently vacant, but market rent is $700

Property #3

3801 Brookmeade Memphis, TN 38127

3 beds, 2 baths, 1,322 sq ft appraised for $64,000 last October

Currently occupied and rented for $735 a month, lease ends 10/31/2016

Property #4

4272 Old Allen Rd Memphis, TN 38128

4 beds, 1 bath, 1,053 sq ft appraised for $55,000 last August

Currently vacant, but market rent is $700+

Do not disturb tenants.

Contact for more information.

Drew Castleberry (864) 906-3113

@Vanessa Ladson - Sent you a PM

Now available is a package of 4 SFR in Memphis that were all renovated last summer/fall of 2015. All professionally managed at 10%.

Property #1

3689 Kerwin Memphis, TN 38128

3 beds, 2 baths, 1,111 sq ft appraised for $62,000 last July

Currently occupied and rented for $675 a month, can be rented for $700+, lease ends 1/31/2017

Property #2

3401 Birdsong Ferry Memphis, TN 38118

3 beds, 1 bath, 976 sq ft appraised for $60,000 last August

Currently going through turnover but was last rented at $695 a month

Property #3

3801 Brookmeade Memphis, TN 38127

3 beds, 2 baths, 1,322 sq ft appraised for $64,000 last October

Currently occupied and rented for $735 a month, lease ends 10/31/2016

Property #4

4272 Old Allen Rd Memphis, TN 38128

4 beds, 1 bath, 1,053 sq ft appraised for $55,000 last August

Currently occupied and rented for $774 a month, lease ends 11/23/2016

Do not disturb tenants.

Contact for more information.

Drew Castleberry (864) 906-3113

Very much so, I've been very happy with them and their level of service. Let me know if you have any other questions.

@James Wachob Crest Core Realty

Now available is a package of 4 SFR in Memphis that were all renovated last summer/fall of 2015. All professionally managed at 10%.

Property #1

3689 Kerwin Memphis, TN 38128

3 beds, 2 baths, 1,111 sq ft appraised for $62,000 last July

Currently occupied and rented for $675 a month, can be rented for $700+, lease ends 1/31/2017

Property #2

3401 Birdsong Ferry Memphis, TN 38118

3 beds, 1 bath, 976 sq ft appraised for $60,000 last August

Currently going through turnover but was last rented at $695 a month

Property #3

3801 Brookmeade Memphis, TN 38127

3 beds, 2 baths, 1,322 sq ft appraised for $64,000 last October

Currently occupied and rented for $735 a month, lease ends 10/31/2016

Property #4

4272 Old Allen Rd Memphis, TN 38128

4 beds, 1 bath, 1,053 sq ft appraised for $55,000 last August

Currently occupied and rented for $774 a month, lease ends 11/23/2016

Do not disturb tenants.

Contact for more information.

Drew Castleberry (864) 906-3113