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All Forum Posts by: Dean Harris

Dean Harris has started 335 posts and replied 680 times.

Post: Does the 1% rule still apply in today’s market?

Dean Harris
Posted
  • Real Estate Agent
  • Memphis, TN
  • Posts 1,289
  • Votes 1,352

I source 1% Rule deals all the time ofr my client sin Memphis, TN! 

PM me and I can answer any questions you may have!

Post: Doing a 1031 exchange and looking for new areas to invest for multi family

Dean Harris
Posted
  • Real Estate Agent
  • Memphis, TN
  • Posts 1,289
  • Votes 1,352

@Ian Russell

Im working a 1031 right now with a client selling 7 rentals in Arizona and moving those funds here to Memphis where he is able to buy 11 single family properties. I love the stratgy and the tax benefits from it. My team and I work these fequently here in Memphis. So, please dont hesitate to reach out with any questions

Good Luck!

Post: Does the 1% rule still apply in today’s market?

Dean Harris
Posted
  • Real Estate Agent
  • Memphis, TN
  • Posts 1,289
  • Votes 1,352

@Jesse Paxton

Welcome to BP! I source 1% deals frequently! I have a 1% deal in 38116 for $175,000 and it will rent for $1800. I see these frequently. 

I also host a weekly podcast where I discuss the 1% Rule properties and how to make those work along with how to invest in Memphis, TN. You can find it by searching Investors Guide to Memphis Real Estate wherever you listen to podcasts. You can also watch us on YouTube. 

Post: First time out of state Investor

Dean Harris
Posted
  • Real Estate Agent
  • Memphis, TN
  • Posts 1,289
  • Votes 1,352

@Isidro Rodriguez Jr

BRRRR is my favorite strategy here in Memphis. TN. I have personally completed it over 40 times and my clients have completed it hundreds of times. The key is your construction team and where you buy in Memphis. Im happy to answer your questions and connect you with our vendor partners

I also host a podcast where we talk all about the BRRRR and how to invest in Memphis. You can search Investors Guide to Memphis Real Estate wherever you listen to podcasts and you can watch us on Youtube.

Good Luck!

Post: Out of state investing

Dean Harris
Posted
  • Real Estate Agent
  • Memphis, TN
  • Posts 1,289
  • Votes 1,352

@Cody Miracle

Welcome to BP! I have personally used the BRRRR strategy in Memphis, TN over 50 times and Im happy to show you how I did it and the vendor partners I used to work along side my business.

I also host a weekly podcast on how to use this strategy in Memphis. You can listen wherever you listen to podcast by searching Investors Guide to Memphis Real Estate

Best of Luck!

Post: What are the top 3 markets you would recommend investing in?

Dean Harris
Posted
  • Real Estate Agent
  • Memphis, TN
  • Posts 1,289
  • Votes 1,352

@Jakub R.

Memphis, TN has been really good for me over the years with cash flow! Im happy to share with you what all I have been up to. I BRRRR just about every property here and my clients that I work with do the same. We are seeing someTurnkey properties cash flow and we have duplex options as well that are strong investment properties

Happy to connect and answer any questions based on my personal expierence. 

Post: New to real estate investing

Dean Harris
Posted
  • Real Estate Agent
  • Memphis, TN
  • Posts 1,289
  • Votes 1,352

I work with tons of OOS invesotrs here in Memphis TN to work the BRRRR strategy among many others. I have also completed this strategy over 40 times. The low entry barrier in Memphis along with the cash flow is what usually draws OOS investors to our market!

Best of Luck and if you are curious how to invest in Memphis, you can check out my podcast where I talk all about our city and how to invest here in this market! You can find The Investors Guide to Memphis Real Estate wherver you listen to podcasts

Good Luck!

Post: The Benefits of Hard Money Loans for New Real Estate Investors

Dean Harris
Posted
  • Real Estate Agent
  • Memphis, TN
  • Posts 1,289
  • Votes 1,352

I have used Hard Money with CoreLend Financial many times in my career and would use it again today!

Post: New Member - Exploring Out-of-State Rental Opportunities (CA investor)

Dean Harris
Posted
  • Real Estate Agent
  • Memphis, TN
  • Posts 1,289
  • Votes 1,352

@Christopher Rubio

The BRRRR strategy is by far the best way to buy in my opinion! I have completed over 60 BRRRR's myself in Memphis, TN. Im happy to share my sphere of influence with you to help you learn more about how to work that program here in Memphis!

I talk about this all the time on my podcast as well! Happy to share all this info with you!

Best of Luck!

Post: Is anyone getting 1% or more of monthly rent to house price ratio?

Dean Harris
Posted
  • Real Estate Agent
  • Memphis, TN
  • Posts 1,289
  • Votes 1,352

@Nicolás Eduardo Larach León

Welcome to BP! Memphis, TN is still able to produce the 1% Rule return. You will have to be selective in your strategy to achieve that. I have personally used the BRRRR strategy to grab those returns over 60 times here in Memphis and I still own those properties and others. Im happy to talk with you and go through what works here and what DOES NOT WORK. I have all of the vendor paertners to refer to you as well so you dont have to buy someone else's profit!

I also talk about this on my podcast I have been hosting for 8 years. Happy to send you that info as well so you can learn how I work with OOS investors all day, every day! 

Talk soon!

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