All Forum Posts by: Spencer Shadrach

Located in Memphis,TN 38122 

3 bed 2 bath 2 car garage 

Rented $1495 a month to a long term tenant 

This property has been fully updated, and we are selling it as a renovated product. Let us know if you're interested and would like more info! 

I also have other off market properties available as well. *** I own this property***

Are you looking for your first deal?? Or looking to place capital? 

I own and run Volunteer Buyers, a wholesale real estate company in Memphis, TN. We assign or sell (if we own) properties in Memphis Metro and North Mississippi. 

We've been operating for quite some time and sell deals to investors looking to place capital, find their next rental, do a 1031 exchange, or find their next flip property.

I've done hundreds of deals and look forward to connecting with you on your next deal. I look forward to talking with you. HMU!

Hey @Haider Tiwana 

I'm sure you're already connected with @Matthew Cates who runs our dispo department. I'd love to connect to see if we have any deals you'd interested to take on. 

-SS 

Investment Info:

Single-family residence wholesale investment.

Purchase price: $85,000
Sale price: $87,000

Nice little wholesale fee. Seller was happy. Buyer has really happy. Not a huge swing but nice little base hit.

What made you interested in investing in this type of deal?

Wholesale Deal

How did you find this deal and how did you negotiate it?

Used www.americantracers.com and found the owners phone number. Called the owner and negotiated a sales price.

How did you finance this deal?

Wholesale Deal. Buyer financed the deal.

How did you add value to the deal?

Moved the deal for the seller and the cash buyer found another deal.

What was the outcome?

Wholesale Fee to our company.

Lessons learned? Challenges?

Always get it under contract and see if you can move the deal.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $80,000

Nice little investment I picked up last week. Already rented and performing.

What made you interested in investing in this type of deal?

Cashflow.

How did you find this deal and how did you negotiate it?

Wholesaler brought it to me. I paid his asking price.

How did you finance this deal?

Private Lender financed it for me. 100%

How did you add value to the deal?

Zero Value. Raised the rent after I bought it.

What was the outcome?

Still own it.

Lessons learned? Challenges?

N/a

Investment Info:

Single-family residence fix & flip investment in Germantown.

Purchase price: $170,000
Sale price: $250,000

Awesome little wholetail deal we completed. Found the deal, locked it up, and then sold it to another investor.

What made you interested in investing in this type of deal?

Wanted to flip it and make some quick profit.

How did you find this deal and how did you negotiate it?

Used AmericanTracers.com to find the owner’s phone number and we cold called the owner.

How did you finance this deal?

I used a Private Hard Money Lender on this deal. He funded $175,000 for a quick 4 day flip.

How did you add value to the deal?

Zero Value. Bought low and sold high.

What was the outcome?

N/a

Lessons learned? Challenges?

N/a

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I did not.

@Brian Goodwin I sell plenty of deals to both memphis invest and mid south rentals. If you want a turnkey product then go with the company that suits you best. You must think about an exit strategy with all your investments whether it's rentals, stocks, or other. If you buy at market rate, you might not be able to sell at market rate. Let me know if I can answer any questions. 

@Darrell Shepherd I currently have inventory. 

3 buy and holds $30k a piece 2/3 rented Potential rent $1675

1 flip/buy and hold in germantown $200,000k worth $270,000

1 buy and hold in bartlett $185,000 can be rented for $1500

1 buy/hold or fix/flip in collierville $180,000 worth $250,000 

Great potential rental. Willing to finance at $35,000. $7500 down. 

Property could be rented at $650 a month. Zillow estimate is $45,000

Central Heat and Air. Roofing is in good condition. Electric has been updated. Nice quiet street. 

Call Spencer to purchase 901-487-2991

Great Heating and Air system. Rented till September 2017. Asking $30,000

Call Spencer to Purchase 901-487-2991