Purchase price: $232,500 Cash invested: $45,000 Newly renovated SFR in Shore Acres, St.

Renovated it, lived in it for 2 years then moved on.

My budget is slightly constrained for this first property so looking to save on purchase price and hopefully add value through renovations.

Looking to build strong relationships and share insights on market trends, deal analysis, and renovation strategies.If you’re investing in Memphis or have any tips, I’d love to hear from you!

The surprises are often avoidable if not for bad underwriting......specifically underestimate renovation costs or operational costs.....overstate rents or "as complete" valuation.

Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Renovations that truly add value-like modern kitchens, open floor plans, and energy-efficient upgrades are making the difference in selling faster and at top dollar.Financing & Interest Rates: The higher cost of borrowing has made tight budgeting more important than ever.

Instead of flipping the house, I should have wholesaled it—cleaning it out and listing it for another investor to take on the renovation.

I was looking at buying a 14 unit building here and wanted to renovate it using the regular BRRRR strategy.

Starting, you should focus on properties that need light renovations.