Trying to find a deal

7 Replies

Hey everyone, I’m looking to start on finding my first deal within the Midwestern and southeastern states. Such as Indiana, North Carolina, Ohio, etc. It would be my first deal but have been learning and reading about business and real Estate investing since I was 18 and I just turned 20 and now have enough funds to start investing.

I would greatly appreciate it if anyone can refer me to a real estate agent or wholesaler In those areas in order to find that first deal. Hopefully one day I’d be able to return the favor and even be able to help another beginner like me.

I'm primarily looking for multi family properties for buy and hold. 

Damian,  I'm satisfied with Norada Real Estate Turn Key.  I like their website and they are in multiple markets.  They provided a turnkey full service transaction.  I bought a new construction home in Alabama through them.  I might have paid a bit more with them but I didn't have to worry about it taking four months to find a super high quality tenant.  They took care of me when the property was vacant.  I would say that you get what you pay for.  I think that they take care of their clients so they are worth it.  They covered me and I love my property and property manager.   I am waiting for my third check.  I need a buddy to compare notes.  I feel that old cash flowing properties are getting slim.  If you have the time, then you can build more cash flow if you put in the time.  My time is limited so I went full service.   

a second option is Memphis, TN. I have not verified midsouthhomebuyers but they were my alternative for more cash flow.  They make sense if a recession does come in the next two years.  I am going with a long term plan and hope to survive the next five years.  

If you have the money, I visited nashville and that city is booming.  Franklin, a super high end suburb of Nashville, was beautiful.  I did not have enough money to purchase a Franklin house.  I noticed that around fifty people from all over the world move to the Nashville area.  And richer people don't mind paying for the Franklin venue.   The agent from 

Mossy Oak Properties Tennessee Land & Farm   was very helpful.  I would live in Franklin if I could afford it.  

I wish that I could afford Jackson MS.  Carole Kentrell is super helfpul.  Carol Kentrell, real estate broker 6015063289 .   I liked her because she told me the best neighborhoods in the city.  Most investors are in Jackson but she gave me the information that i wanted to know.  I trust her.  i am saving money to buy in the 39211 zip code.  They don't cash flow as much but I want the A neighborhood.

@Rosa Esquivel

We own property in Memphis and it’s a great market with a ton of potential. Once we got rid of our previous property manager, Crestcore, our experience has been so much better. In our opinion Crestcore is one of the most dishonest groups operating in Memphis. Please keep in mind this is simply our opinion and it would be up to you to form your own based off of reviews and recommendations from others but unfortunately they do not get our recommendation whatsoever. You’ll see their name pop up a lot on the forums for the Memphis market but again, from our own experience we find them to be very dishonest, unprofessional, and very unethical.

We haven’t heard much about Mid South Home Buyers but they don’t seem to have amazing reviews online either and we did find a post about them where Douglas Skipworth, a Crestcore executive said: “I know the folks at Mid South Home Buyers very well. In fact, I met with them at their warehouse two days ago”

(Third post)

https://www.biggerpockets.com/forums/311/topics/393016-mid-south-home-buyers---looking-for-reviews

With us having such a negative experience with Crestcore, and the level of dishonesty they’ve showed towards us and several others we’ve talked to, we wouldn’t feel comfortable working with Mid South Home Buyers either because we honestly can’t trust Crestcore. Please keep in mind once again, this is purely opinion based and it would be up to you to continue doing your own research on the two groups so that you could form your own opinion of each organization.

There's no need to take my word for it, just check out the facts about Mid South Home Buyers.  Last time I heard, they have over 2,000 houses under management with hundreds and hundreds of satisfied owner clients and thousands of happy renters.  And, they've been in business for going on 15 years. 

Unfortunately, there will always be some mistakes and dissatisfied customers when you're serving that many people, but in my 17 years of real estate experience I've found you can't manage that many properties with that many renters for that many owners for that many years without being a really good at what you do.

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