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All Forum Posts by: Srikanth Patnam

Srikanth Patnam has started 12 posts and replied 19 times.

Post: Do you need Cash Buyer's ?

Srikanth PatnamPosted
  • Real Estate Investor
  • Epping, New South Wales
  • Posts 19
  • Votes 8

I Melaine, I bought list from your website for Tennesse. I am waiting for the list to be delivered. Any suggestions that I need to adhere? I am a wholesaler from Tennessee. Thanks, Sri 

Post: Cash Buyer for Your Deals - Close Fast

Srikanth PatnamPosted
  • Real Estate Investor
  • Epping, New South Wales
  • Posts 19
  • Votes 8

Hi James

I would like to connect with you as I have off market deals in Memphis, TN.

Thanks, Sri

Ph 5036084437.

E: [email protected] 

Post: Assigning the contract to End Buyer.

Srikanth PatnamPosted
  • Real Estate Investor
  • Epping, New South Wales
  • Posts 19
  • Votes 8

Thanks Brent.Yes I have the property under contract. 

Honestly yes it was hard initially. I had to dig up lot of dirt before finding one deal. Spending money on courses and marketing. so far going well but slow. But I don't think I should be discouraged because of the distance.

Post: Assigning the contract to End Buyer.

Srikanth PatnamPosted
  • Real Estate Investor
  • Epping, New South Wales
  • Posts 19
  • Votes 8

Hello BP members,

I need an advice. 

I am trying to wholesale a deal. I am assigning the contract and my end buyer wants to purchase the contract through Bank. He is not a cash buyer. He has pre-approval from his lender bank.

Is it good to ahead with him ? Does bank accepts assigning the contract ?

Please advice. Thanks in advance. Sri

Post: Price REDUCED: 4Bed 2Ba 1732 Sq.Ft contract for sale in Memphis 3

Srikanth PatnamPosted
  • Real Estate Investor
  • Epping, New South Wales
  • Posts 19
  • Votes 8

Hello,

I have a very good SFR contract for sale in good location in Memphis Tennessee.

It is 1732 sq.ft 4 bedder SFR.

Asking price is slashed to 60 K obo from initially quoted 70 K.

It has a fair market value of 117 K. Source is eppraisal.com and city-data.com. Shelby County Assessor has appraised it at 92,900. You may know that county appraisals are usually conservative.

I will be assigning the contract.

It is ALL CASH only offer.

We are asking 60 k obo. Owner is selling the house because he wants cash to purchase his new business and want to get rid off the property.

Address is 1947 Edward Avenue, Memphis, TN 38107.

The property is currently rented @ 850 per month. According to rentometer.com , median rent is 900 dollars per month.

Tenant is staying there for 8 years and it is well kept and maintained. Tenant pays his own utility bills and the house is managed by Property Management. Owner holds the security deposit of 700 dollars and will be given to end buyer at the time of closing. Owner pays seller closing costs and end buyer pays buyer closing costs.

Title company is Saddle Creek Title in Memphis, Tennessee.

If you are interested, please email at

[email protected] for details to see the property.
I will send the pictures of the house taken on 3rd October 2015 in a separate email.

Also please let me know your contact number.

Regards, 

Sri, SP Corp.

Post: 4 Bed 2 Ba 1732 sq.ft SFR contract for sale in Memphis,Tennessee

Srikanth PatnamPosted
  • Real Estate Investor
  • Epping, New South Wales
  • Posts 19
  • Votes 8

Hello,

I have a very good SFR contract for sale in good location in Memphis Tennessee.

It is 1732 sq.ft 4 bedder 2 Ba SFR.

It has a fair market value of 113 K. Source is eppraisal.com and city-data.com

I will be assigning the contract.

It is ALL CASH only offer.

We are asking 70 k obo 

Address is 1947 Edward Avenue, Memphis, TN 38107.

The property is currently rented @ 850 per month. According to rentometer.com , median rent is 900 dollars per month.

Tenant is staying there for 8 years and it is well kept and maintained. Tenant pays his own utility bills and the house is managed by Property Management. 

If you are interested, please email me at [email protected] for details to see the property. I will send the photos taken recently. Also, please let me know your contact number. 

Regards, Sri

Post: Need CASH Buyers. Discounted properties available in Tennessee.

Srikanth PatnamPosted
  • Real Estate Investor
  • Epping, New South Wales
  • Posts 19
  • Votes 8

I am a wholesaler and investor in Tennessee with SFR's in Memphis, Nasville and Chattanooga. We have buy and hold (turnkeys) as well as fix and flips.

We target 60-65% of ARV so there is plenty of room left in the deal. Please message or email me for details and I will send you the properties. Thanks, Sri

Post: 1732 sq.ft 4 Bedder SFR contract for sale in Memphis Tennessee

Srikanth PatnamPosted
  • Real Estate Investor
  • Epping, New South Wales
  • Posts 19
  • Votes 8

Hello,

I have a very good SFR contract for sale in good location in Memphis Tennessee. The zip code is 38107. It has a market value of 117 K. Source is eppraisal.com. I will be assigning the contract.

It is ALL CASH only offer.

We are asking 70 k obo.

Address is 1947 Edward Avenue, Memphis, TN 38107.

The property is currently rented @ 850 per month. According to rentometer.com, median rent in that zip code is 900 dollars per month.

According to seller , Tenant is staying there for 8 years and it is well kept and maintained. Tenant pays his own utility bills.

If you are interested, please email me at

[email protected] for details to see the property. Also please let me know your contact number.

Regards, Sri

Post: Need someone to inspect and take photos for my properties in Memp

Srikanth PatnamPosted
  • Real Estate Investor
  • Epping, New South Wales
  • Posts 19
  • Votes 8

he is my guy to take pics n give an opinion on the house. I felt he is expensive and takes tine. Im finding another one.

Post: Need someone to inspect and take photos for my properties in Memp

Srikanth PatnamPosted
  • Real Estate Investor
  • Epping, New South Wales
  • Posts 19
  • Votes 8

Hello colleagues

I need someone to inspect and take photos and send me a drop box link photos for the properties I have under contract in and around Memphis Tennessee. 

I am from Sydney and I cant physically go to the property. 

I can pay for this service. Please email [email protected] if interested.

Regards

Sri