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All Forum Posts by: Stephen Polk

Stephen Polk has started 26 posts and replied 39 times.

Post: How To: Cash out 1-4 unit Property

Stephen PolkPosted
  • Wholesaler
  • Memphis, TN
  • Posts 40
  • Votes 5

@Andrew Postell. Got you. Thanks for the clarity. So I usually refinance into a conventional loan, not sure if they're backed by Fannie or Freddie. If I use this strategy, am I able to use the same LLC? m a fan of leaving loans in the company's name for the most part.

Post: How To: Cash out 1-4 unit Property

Stephen PolkPosted
  • Wholesaler
  • Memphis, TN
  • Posts 40
  • Votes 5

@Andrew Postell

I stayed up and read this post from about 11 30 to 1 am trying to disect it all lol. You rock man!!! Thanks for sharing this info. I'm in the process of implementing this strategy. Few questions:

1.Can you use the same LLC to refinance that you used to originate the lien?

2. Can you refinance day 1, meaning before you finish the rehab? Will the bank refi on the ARV vs the as is value, before you finish the remodel?

Post: 49 House Package Deal

Stephen PolkPosted
  • Wholesaler
  • Memphis, TN
  • Posts 40
  • Votes 5

Christopher,

Please send your email for details

Post: 49 House Package Deal

Stephen PolkPosted
  • Wholesaler
  • Memphis, TN
  • Posts 40
  • Votes 5

Multiple House Package in the Memphis area. All Rented and Cash-flowing. Must be able to provide pof. Must be sold as a package. Wholesalers welcome as long as your buyers provide documentation. I can send to you via-email.

Post: Turn Key Duplex in Memphis Area

Stephen PolkPosted
  • Wholesaler
  • Memphis, TN
  • Posts 40
  • Votes 5

Location: Memphis, TN

Investment duplex for sale. One side rented at 450. The other side is vacant but will command the same. Actually scheduled to be rented next week.  Property 5 minutes from Sears Crosstown Development!!! Don't miss out on this one. Won't last.

Drop Box

http://rstb1233.vflyer.com/home/flyer/home/317656001

Post: Great Investment(Duplex in Memphis Tn)

Stephen PolkPosted
  • Wholesaler
  • Memphis, TN
  • Posts 40
  • Votes 5

Great Investment Property. 4/2 duplex with one side already rented. Email or call for more info.

http://rstb1233.vflyer.com/home/flyer/home/317656001

Post: Solid Investment Property Memphis

Stephen PolkPosted
  • Wholesaler
  • Memphis, TN
  • Posts 40
  • Votes 5

Beautiful Investment Property, recently rehabbed. Property needs minor cosmetics 3-5k max. Rents are 650-700. Call me for more details. 


https://www.dropbox.com/sc/gxu8omjnnj6ks7k/AABrYiuWFexQrBWr7RetpIx3a

Post: 24 House Package Turnkey Investor Deal!!!

Stephen PolkPosted
  • Wholesaler
  • Memphis, TN
  • Posts 40
  • Votes 5

24 House Package Deal located in the Memphis area. All houses have been renovated and rented. Won't last long. Inspections contingent upon contracts. Serious inquiries only. Email for spreadsheet and pics.

Post: Crosstown Development Property Memphis Tn

Stephen PolkPosted
  • Wholesaler
  • Memphis, TN
  • Posts 40
  • Votes 5

For those of you familiar with the Memphis area, this one is literally walking distance from the Sears Crosstown Development Project. The homes value will double easily in the next 2-3 years. Play cashflow in real life with this one and hold until the market flips!! Repairs are 20-25k Full Rehab!!!!

https://www.dropbox.com/sh/2wt5qkmvl617xpn/AAAZYuVTTv3GEWbu-Ff6ygFSa?dl=0

Post: Investment Property Under 30k!!!!

Stephen PolkPosted
  • Wholesaler
  • Memphis, TN
  • Posts 40
  • Votes 5

Tenant has been there 15 years plus and they do mostly all of their maintenance. Roof and Central Heating unit recently replaced. Tenant does not want to Leave. Rents are 400 monthly. Market rents are 500-600. Owner moving out of town.