All Forum Posts by: Rob Smith

I am looking  to buy Some real estate that needs a little bit of fixing up do you have anything available 

Hi BP 

I am looking to buy a rental home on  xxx Lillian Dr, Memphis TN 38109

Can anybody let me know what this house is worth in the market today  

Property Type: Single Family 

Beds/Baths: 4 Beds, 1 Bath  

Square Feet: 1,056 sqft 

Lot Size: .2080 Acres 

Year Built: 1960

Updates include:
New siding, Brand New HVAC UNIT, New Wrought iron Doors, New Metal inside Security Doors, New Paint inside and Out Side, New Electrical Service, New Light Fixtures Ceiling Fans sockets etc, New Windows, New Plumbing, Refurbished HARD WOOD Floors, New Carpet, New Ceramic Tile… and the list goes on and on and on!! 

to answer your question Will i am a long term buy and hold for retirement 

6919 Hallie ridge San antonio tx 78227

so i am looking at a duplex in Memphis Tn zip code 38115 the asking price is $96k and the rent is $1390 a month both are occupied taxes are about $200 a month  My Question is this a good deal and more importantly does any body know about this zip code it is in, is it a good area? It is over by flowering peach and menden hall rd 

it is making money because for 10 years it was at an interest only so it maid 600 a month but now i refinanced it and it is losing monthly the renters take care of all the expenses water trash gardener etc what i am wondering is should i keep it because it is costing me yes but it is also getting paid off by someone else and in a few years the rents will be up another 2 or $300 and it will be positive then mean while the write offs at the end of the year are helping me i am not sure what do you think 

Need advice what should I do?

I have a rental property in Victorville Ca

Paid 225k

Currently worth $250k

I owe $218k

PITI = $1446

Rent=$1275 after P.M.

Has had 15k in repairs,maintenance or Lost rent in the past 10 years  in 10 years it has made  $563 in profit  or about $4.69 a month in profit  meanwhile somebody else is paying off a home for me and after tax write off’s I think I’m  making more a month than that but I need somebody to help me analyze what I should do thanks for your guys help 

 Need advice what should I do?

I have a rental property in San Antonio Texas 

Paid 125k 

Currently worth $115k to $129

I owe $92k

PITI = $887.58

Rent=$966  after P.M.

Has had 16k in repairs,maintenance or  Lost rent in the past 10 years  so it has been losing about $134 a month for the past 10 years  I have have the same property management for all 10 years I am changing Property Management at the end of this year because they just replace the stove without my permission I’m hoping a lot of these repairs were maybe due to property management issues  maybe  some of the repairs didn’t even need to be done hopefully new property management will turn this thing around but if they don’t should I sell this  or should I just keep taking $134 loss meanwhile somebody else is paying off a home for me and after tax write off’s I don’t think I’m even losing but I need somebody  to help me analyze what I should do thanks for your guys help 

 I am looking to buy another rental property in Memphis Tennessee on August 2015  I went through a short sale on my primary residence I am wondering if there’s anyway to get a loan for another rental property  any suggestions please let me know 

Has anybody heard of had dealings with ww.thrivedevelopmentgroup.com any info on this company would be help full thanks