All Forum Posts by: Pradeep R.

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.

thank you for the reply. I am buying from a turnkey company. I was listening to a podcast of crestcore company in memphis and they were saying west of 61 is not a good idea to invest.

Hi Guys,

Are there any concern in investing in real estate west of US-61 in memphis 38109. I am looking to buy turnkey houses in that area but wanted to reach out to you guys to check if there are any concerns on that?

Given the current statement of market, interest rate, good turnkey providers , house prices etc…, would you choose memphis or alabama market to invest in real estate. Kindly give the reasoning behind your choice.

thanks!

Hi Guys,

I am planning to get my 2nd rental in memphis. It will in he range or 140K to 150K (38118 or 38109). Are there any banks/lenders which would provide some incentives on closing cost and give good interest rates? I have heard there are some local financial institutions which encourage investing in certain areas and are willing to provide some incentives. Please advice..