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All Forum Posts by: Alexander Price

Alexander Price has started 15 posts and replied 246 times.

Post: First Investment Property in Memphis TN

Alexander PricePosted
  • Investor
  • Gilroy, CA
  • Posts 255
  • Votes 195
CA will tax you on the income in TN. TN does not have income tax.

Post: Grant money in Memphis

Alexander PricePosted
  • Investor
  • Gilroy, CA
  • Posts 255
  • Votes 195

I think you may referring to the Memphis fights blight program. I am not sure how it works, if it is funded, or how people get money. Take a look here: http://memphisfightsblight.com/

Post: Refinance Trouble - BRRR

Alexander PricePosted
  • Investor
  • Gilroy, CA
  • Posts 255
  • Votes 195

I use SNMC for one of my current loans. They are pretty good. They offered good terms on a refinance I was going to do as well. For personal reasons I did not do it. 

Post: Should I Fill In The Pool Or Not?

Alexander PricePosted
  • Investor
  • Gilroy, CA
  • Posts 255
  • Votes 195

Question related to this; can homes with pools command more rent?  Insurance premiums may go up as well. 

@Keisha Orr 

Try talking to the folks that invest in some of the harder areas to manage. Try @James Martin and @Douglas Skipworth

Post: Difficulty selling rental properties at loan amount

Alexander PricePosted
  • Investor
  • Gilroy, CA
  • Posts 255
  • Votes 195

@Sabrina Brown Quite an admirable approach and nice to see you turn your situation into a positive. I am also interested in trying the non-TK method. 

Post: Memphis Invest - Communication Issues

Alexander PricePosted
  • Investor
  • Gilroy, CA
  • Posts 255
  • Votes 195

Not a customer, but @Chris Clothier recognizes the value of reputation, as is apparent on these forums. He almost always responds, and typically with details specific to the concerns posted. 

Good luck! 

Post: Out of State Investing: Memphis

Alexander PricePosted
  • Investor
  • Gilroy, CA
  • Posts 255
  • Votes 195

Some things will depend on your criteria, others are hard rules for REI in general. For non-turnkey I would imagine you'd want at minimum a video walk through with a person you trust of any property you want to put an offer on. Define your criteria very specifically. Align yourself with a wholesaler who knows your criteria. Also, some people will mention foregoing a realtor, but if you do not have the time to understand the market, stick with someone who does. A good example is 38111 in Memphis. I drove through this neighborhood with @Alex Craig, and I still could not tell you which streets to avoid because they are blended so closely together. Start calling references for everyone you have dealt with out there as well.

Have fun!

Post: Looking of home inspector in Memphis, TN

Alexander PricePosted
  • Investor
  • Gilroy, CA
  • Posts 255
  • Votes 195

Jason Lovelace has worked really well for me. He takes great care with his inspections, takes time to talk through his findings with you and he is flexible if you need to him to return to the property to check on repairs. He is usually pretty booked, so there may be a lead time. I can PM you his contact info if you like. 

Post: Power of Real Estate Investment Training

Alexander PricePosted
  • Investor
  • Gilroy, CA
  • Posts 255
  • Votes 195

@James Wachob That is a nice perk!

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