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All Forum Posts by: Toneisha Covington

Toneisha Covington has started 5 posts and replied 12 times.

Looking into purchasing my first investment property but I need help on finding a good contracting company in Memphis, TN/Shelby county. Please let me know of any you have had good experiences with. 

@Lexi Teifke That's good to know. Thanks so much for your insight!

Post: First investment property

Toneisha CovingtonPosted
  • Nashville, TN
  • Posts 14
  • Votes 1

@Kent Nielson I will look into that option as well. Thanks for your insight!

Post: First investment property

Toneisha CovingtonPosted
  • Nashville, TN
  • Posts 14
  • Votes 1

Ahh that's right! I will have to live there with a FHA loan. I will have to weigh my options to find a hard money lender or a bank that does these type of loans. Thanks so much for your insight.

@Matthew Irish-Jones

Post: First investment property

Toneisha CovingtonPosted
  • Nashville, TN
  • Posts 14
  • Votes 1

I have an opportunity to purchase a 3bed 2 bath home for $35k and needs about $15k-$20k in repairs. The ARV is $100k. I have held out on purchasing my own home since I've gotten into real estate. Should I use my first time buyer\FHA option to purchase this investment property? I only have about 8k for a down payment but have excellent credit. Any advice? Thanks!

I have an opportunity to purchase a 3bed 2 bath home for $35k and needs about $15k-$20k in repairs. The ARV is $100k. I have held out on purchasing my own home since I've gotten into real estate. Should I use my first time buyer\FHA option to purchase this investment property? I only have about 8k for a down payment but have excellent credit. Any advice? Thanks!

Post: First wholesale deal

Toneisha CovingtonPosted
  • Nashville, TN
  • Posts 14
  • Votes 1

@Brandon Shaw

Covingtoninvestors

Gmail account. Thank you!

Post: First wholesale deal

Toneisha CovingtonPosted
  • Nashville, TN
  • Posts 14
  • Votes 1

@Brandon Shaw That would be awesome! I’m in Nashville, TN but my market will be in Memphis, TN. Thank you!

Post: First wholesale deal

Toneisha CovingtonPosted
  • Nashville, TN
  • Posts 14
  • Votes 1

Hi all. I need help with closing my first deal. Where do I find templates for assignment contracts? Do I get this from an attorney?

Post: Wholesaling in Memphis, TN

Toneisha CovingtonPosted
  • Nashville, TN
  • Posts 14
  • Votes 1

@Verna Littleton Awesome - I will check them out. Thank you!