Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Pradeep R.

Pradeep R. has started 16 posts and replied 35 times.

Post: Westwood area - memphis

Pradeep R.Posted
  • Posts 35
  • Votes 21

Hi Guys

i am looking to invest in the westwood area in memphis. I am looking forward to some investors to share experiences who have invested in this area. Is it a lot of work to maintain the house in this area? I am specifically looking in the indian hills community area. If there are bad experience i prefer staying of the area. Please advise. 

Quote from @Jordan Ray:
Quote from @Pradeep R.:

Hi All,

I am posting for a friend who is interested in this property. 

4209 Warbonnet St, Memphis, TN 38109

It is a fully rehab turnkey property. I wanted to get some feedback from you guys regarding the location of the property. It is close to the westwood community center. Any concerns on get rentals in this location? Or any other concerns? Please let me know your thoughts.


I personally like investing in this area. If you don't want to rehab a property them go for it. You really need an agent to help you, hopefully your not overpaying from a turnkey company. Goodluck and let me know if I can help in any way. 

Thanks Jordan!

Hi All,

I am posting for a friend who is interested in this property. 

4209 Warbonnet St, Memphis, TN 38109

It is a fully rehab turnkey property. I wanted to get some feedback from you guys regarding the location of the property. It is close to the westwood community center. Any concerns on get rentals in this location? Or any other concerns? Please let me know your thoughts.

Quote from @Theresa Harris:

Talk to your realtor. They should be able to point you in the direction of someone local and have an idea of what the cost is.

I am buying from a turnkey  company so there is no buying agent. 

Hello,

i am closing on a property in memphis. I would like to know if sewer inspection is needed. If it is needed kindly let me the know the expected cost incurred for the inspection and also a good inspector contact?

Quote from @Adam Bartomeo:

@Bruce Woodruff

I don't disagree with you. If I went to a GC and said "Hey, take a look at this job and I will pay you" and they took the money, that is the red flag. They should say, no, I will do it for you in hopes to get business.

Technically, I have been working with contractors since I was born. My Dad, uncles, cousins, you name it and my family did it. I have been on jobsites since I was 5 yrs old and I began working at 12. You are 100% correct! I am 40... in that picture. LOL! I have new head shots coming this July! Today, my facial hair is all white and more then half of my hair is white.

Incase of any GC contacts in memphis let me know
Quote from @Bruce Woodruff:
Quote from @Adam Bartomeo:

I hear what your saying but I would avoid any contractor that accepts payment for advice. I have been working with contractors for almost 40 years. An honest and ethical contractor will give you advice for free in hopes that they will build a relationship and get work. At some point early on you will have to pull the trigger and have them do the work so they see that there is a symbiotic relationship.

This used to be true, but nowadays you will just lose out on a lot of really good and talented GCs who are tired of being told - "hey take a look at this house for free and I'll give you a lot of work in the future....as long as you work for cheap". Better to have a paid working relationship with a GC who doesn't care if you use him for the work or not. No conflict of interest either.

And are you sure you've been working with Contractors for 40 years? You would have to be in your late 50s at least. From your picture, you only look like you're 40 :-)

Please let me know if you have any contacts in memphis
Quote from @Adam Bartomeo:

I hear what your saying but I would avoid any contractor that accepts payment for advice. I have been working with contractors for almost 40 years. An honest and ethical contractor will give you advice for free in hopes that they will build a relationship and get work. At some point early on you will have to pull the trigger and have them do the work so they see that there is a symbiotic relationship.

True that.That would be an ideal situation and want to do that. 
Quote from @Shervin Golgiri:

Might not be a bad idea to get a home inspection done. first you need to know the exact condition of house, then you run it with someone who has the  knowledge and eye to give you the right advices.

Hey thank you for the reply. I have an excellent inspection agent who finds every issue in all nook and corners. I  need a GC to educate me as to which issues are a must fix to rent a property. This is where i need help!

Hello,

I am an out of state investor interested in memphis. I buy properties from turnkey companies and also from the MLS and give it to PM folks.

Lately I am noticing that in the houses that I have purchased there are issues that have surfaced which could have been handled in a better way when the property was bought itself. So I am seeking a general contractor contact who I could use as a guide to tell me the state of the pending fixes which are must DO before I buy the property. I would like to compensate the general contractor for the advice. Please let me know of any contacts that you might have at your disposal. I get an excellent hosue inspection report and I would like the GC to tell me the ones which are an aboslute must fix before I buy. This will save me some money in the longer run.