I’m Erick, and it’s great to connect with someone new to the space. 

My name is Paul Hearn, and I am a new real estate agent in the Memphis area with a burning desire to work with investors that are wanting to grow their portfolios in Memphis and the surrounding areas.

I'minspired and always on the lookout for new ideas, trends, and success stories.

Sounds more along the lines of needing new scripts for the sales department and now there's a new investment opportunity.

I'm based in New York but invest in Myrtle Beach SC.

TERMS- Deal Type: Seller Finance- List Price: $580,000- Purchase Price: $780,000- Seller Carryback: $693,000- Total Entry: $100,000 Breakdown: Assignment: $13,000 Down: $87,000- PITI: $2,657 Breakdown: Principal & Interest:: $2,000 Taxes: $464Insurance: $193- Rent: $5,250 ($750-800 per unit)- Amortization Years: 28.88- Interest rate: 0%- HOA: NONE- Balloon: NONE- EMD: $5,500- COE: Feb 12, 2025- Occupancy: Occupied, Occupants staying post closing- Title company: PROPERTY DETAILS:MULIT-FAMILY7 Units - 2B/1B per unit- Living sqft: 5,200- Year Built: 1940- Age of Roof: 1- Age of HVAC: New- Age of Water heater: New- Condition of Electrical: Good working condition- Condition of Plumbing: Good working condition

Purchase price: $187,000 Cash invested: $15,000 Sale price: $259,000 I got tired of moving place to place and worrying about finding roommate, security deposits and not having enough money to deal with maintaining someone elses home.

Once completed, the property was resold to new homeowners, providing a solid return on investment.

This unit was gutted down to the studs so there is all new electrical, plumbing, windows, sheetrock and finishes.

Earnest Money DepositAnd if you want to cover all your bases, you can also consider saving for an earnest money deposit (EMD).