Real Estate Investment Proposal - Memphis and Nashville

Real Estate Investment Proposal - Memphis and Nashville

Memphis, TN · Member since 2018 · 7 posts · 1 vote

Hello All,

I'm fairly new to BiggerPockets. I've been following Brandon and David for the last year and have learning so much from their conversations and guests. The BiggerPockets podcast has been an amazing resource.

I purchased my last investment property in Memphis, September of 2018. I purchased a single family home 2 bedroom/ 1 bathroom in Memphis for $40,000. I invested $12,000 into rehab. The home recently appraised for $95,000. I finished the rehab work in Jan 2019 and I’m currently renting a room out for $500 per month. I’m using the house as my home base and office space while in Memphis.

My goal is to develop and supply safe housing solutions and to create passive income and a consistent monthly cash flow. I will achieve this by purchasing below market properties, rahab properties and sell for profit or rent properties for income.

I would like to connect with people who I can partner with to help move to the next level. 

Thanks for reading,

Keith

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  • Property Manager · Nashville, TN · Member since 2018 · 22 posts · 16 votes
    7y

    Way to go, Keith!

    I'm new to the game and will buy my first property (house hack) when I'm debt free in Sept-Nov 2019. So I may not be your guy yet. 

    Are you looking to invest in Nashville and Chattanooga, or are you focused on the Memphis market?

  • Rental Property Investor · Nashville, TN · Member since 2019 · 16 posts · 6 votes
    7y

    @Keith Gibson wow that's an awesome BRRRR. We would be interested in talking to you. Are you finding good deals in Memphis?

  • Memphis, TN · Member since 2018 · 7 posts · 1 vote
    7y

    Hi Scott, 

    I was born and raised in Memphis so in my comfort zone. I'm not very familiar with Nashvile and Chatttanooga Real Estate but will to explore. 

  • Memphis, TN · Member since 2018 · 7 posts · 1 vote
    7y

    Hi Lauren, 

    I’ve found some good deals in Memphis. My last purchase was a great buy. I’m very much interested in building a locate team to help scale. 

    I'm currently searching for a mult-family unit, maybe a duplex or tri-plex

    I’m willing schedule time to chat if you like. 

    Cheers,

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