Turnkey property in Memphis, TN

[James Wachob]

Investment Info:

Single-family residence other investment.

Purchase price: $7,500
Cash invested: $80,000

I purchased this home after a major fire. We fully rebuilt the home and followed the proper building code to make sure this home was 100% amazing for the new owner. I then sold this home to one of my investor friends through TurnkeyInvest.com and I now manage the property with my in-house management team at FoundationPM.com.

How did you finance this deal?

Cash

How did you add value to the deal?

Full rebuild and removal of 2 big trees.

What was the outcome?

Great cashflow property for a client

Lessons learned? Challenges?

Always add an extra 30 days to your renovation timeline when dealing with a home that was in a fire.