All Forum Posts by: Nate Ollie

Yup @Eric Hyde lol my parents still do

Hey guys, 

I'm looking for good commercial lenders for the Memphis area. Would prefer 80% LTV if possible. Any suggestions?

Very solid.  Lived on Richland most of my life

Originally posted by @Alex Craig:

Let me know if you can do closer to $30k.

Hey Alex, yes I can. I will call you shortly. 

Cute home in the 38122 zip code of Memphis, on Maria St.  

997 Maria St

1602 sqft

3 bed, 2 bath

ARV: $79,000

Repairs estimate: $14,000 (official repairs estimate by local licensed/certified contractor available)

Asking: $40,500

Comps:

3909 Guernsey Ave 1/20/16 $81,000
3863 Guernsey Ave 1/29/16 $73,500

1023 Dillworth St 12/31/15 $67,000

Here's the dropbox link with photos and a video:

https://www.dropbox.com/sh/zl3b7iepijas4nr/AABnrNqw21KaJSXDin76yUuga?dl=0

If interested, please call or text Nate at 901-286-1856

I am looking for a contractor in Memphis who has reasonable prices and is willing to work with a wholesaler. I need someone who can give me accurate rehab estimates on homes for a flat fee. Any recommendations? Thanks

Hey guys, I got lead through my website and it's a SFR currently renting at $900+. The owner wants to sell because she's tired of dealing with tenants and landlording in general. The comps come back around $89k and she owes $65k. She's asking to pay her what she owes for the property. There are basically no real repairs that need to be made. I'm really a wholesaler, and fairly new, so I was wondering what I should do in this situation. Should I put it under contract for $65k and try and sell it for a little more, or Is it not really a deal? Any other alternatives? Thanks

@Brian Estes hey Brian thanks man. That's weird because it's showing upright on my end. Hmmm

INVESTOR SPECIAL!

Nice home minutes from downtown Memphis, priced to sell quickly. 

Home made largely of brick and is in good structural condition
Just a mile away from beautiful Rhodes College and minutes from downtown Memphis!
It's a great property to fix and flip quickly (conservative after repair value of $70,000...could very well sell for more) or even hold for a rental easily bringing in $750+ monthly!
Roof is in decent shape
Property is in need of cosmetic work primarily
Hardwood floors
Attic converted into its own unit with direct access via side door and stairs.
There is some molding in the kitchen and possibly a few other areas.
Please call or text me today for more details!!

Nate

901-286-1856

Scott Grover I have yet to hear that Scott, however I'm pretty new to the game. Has anyone else heard of this?