All Forum Posts by: Cameron Ellis

how's it going guys, I'm listened to @mike Nelson recent podcast and I've decided to go after these owners behind on taxes actually 3 of the properties sold over the last month were behind on taxes and the seller were always motivated, I found those properties driving for dollars. Is their a way I can get a entire sheet if these properties in Memphis

how's it going BP I'm purchasing my first rental, getting rehab done slowly but surely as I go along. I've been hearing investors say "use flat on your ceilings, semi gloss on your trim and doors, and eggshell or satin on your walls" how would you guys agree with this

Memphis

@Shari Posey Determine what you want, if you need any help in the Memphis area let me know. I will let you know where and where not to invest based on your criteria. But reach out with the wholesalers in your desired markets. Also have at least 3 realtors in each market that can determine if the deal is solid or not. Also Gain access to the MLS, to pull accurate comps for yourself.

I would also advise you together a team such as Property managers, title company, lawyer, realtor, and contractors. It's defiantly achievable I'm getting my team together to move into other markets myself.

@Shari Posey in Memphis you won't find anything good on the MLS, rare case you do, or you will get yourself in a bidding war. Bigger investors in Memphis have people on their payroll to watch the MLS, so if its on the MLS after 45 days a red flag should popping up in your head. Also Turn Key company's defiantly won't have what your looking for maybe a 10% cash on cash return.

When they are easily profiting 18-29%

I have a 10 unit in Memphis for half this price, generating 4560 before expenses a month. Last year the county listed it's appraisal at 93k this year 186k. So it's defiantly better deals out there.

I have a couple good investors in my book but I wouldn't mind having more, has anyone found a effective way to market to more cash buyers? (Letters, Postcards, Radio, anything)

Chad, welcome to BP. I started here also and since August have been closing 2-3 deals a month. Bigger pockets has been here for me to answer any problems I crossed. hope to do the same for you.

Also, I have a successful investor in china looking for private money he would love to hear from you.

welcome to BiggerPockets Dean, out of all of those markets which do you find most lucrative? I'm in Memphis now but I'm think of expanding to all of the above you mentioned

California market must be heating up! I'm a Memphis Wholesaler but just developed a system in Houston for properties I have 3 their now.

so would it be ok to have my investor put the property under contact and I write in a consulting fee since he won't be using a realtor.. Or should I have my investor write a finders fee for 5k..