All Forum Posts by: Skylar Howard

Yeah, heard that one too. They have a great approach,however, they are a little more funded than me though.

I am looking to buy a negotiated shortsale in Miami, Hollywood, Ft. Lauderdale, or Plantation Florida. 3 BRs/ 2BAs or more. Decent neighborhood is a must. Preferably under $130k. This must be a DEAL!

Grand & Mike
I get your point. But, I don't want to wear all of those hats. How can one possibly manage...wait, why would someone want to manage 50 rentals. I make my living doing deals, not managing properties. If my goal was to have 1000 rentals, how could I ever accomplish it if I were managing the others. Should I start rehabbing personally so I can save a few more bucks? Don't get me wrong, if you have a few rentals, no problem. Manage. But the context of my post was in response to a few members commenting on being "close" to their rentals, not the little snipits that were chosen to comment on. And Grand you are right, Memphis is tough, shouldv'e moved to Germantown.

No reason to be near rentals! That's what management companies are for. Are you guys crazy? What is the difference between having 100 rentals in Memphis that are cash flowing $300/ mo or having 100 rentals in Miami that are cash flowing $300/mo. I live in Memphis, however I am not managing any of them. It doesn't matter unless you are managing them yourself, but why would you do that when you really should be doing more deals!!!

Greg
I just moved from Florida to Tennessee, kind of the opposite of yourself. I moved b/c the real estate market stinks in Central Florida. Believe me, I do not want to live here, but the opportunity in Memphis is unparalleled. I know, why Memphis, do your research. Call me if you would like to talk about creating cash flow that you will never see in Florida. This is a short term deal for me, probably only 4-5 years.

No, probably not. Things have tightened up you can get 60 or 70 percent. Have you already bought the property?

It is quite possible that the bank will finance the house. However, you will probably not have as much bargaining power.

Come join the Memphis Cash Flow group on Bigger Pockets.

Looking for investors who are looking for true cash flow deals that cannot be beaten anywhere in the country!!! I welcome anyone interested to join in and discuss.

Here are the addresses and approx values. Only looking to refinance 60%. Does a blanket still exist for a deal like this? This wil need to be done every month, but there will be about 10 properties/mnth. They are all residential rental properties.
Thank you, Billy
941.623.6978

930 Stonewall 38107 110k
3037 S. Mendenhall 38115 114k
4196 Sunnyslpoe 38141 100k

I am looking for financing. Does anyone know where to get this done?

rental properties in Memphis, TN
refinance
blanket?
full documentation
720 FICO
60% LTV
better than 1.2 DSR