All Forum Posts by: Dean Harris

@Andrew Park

Clearly, @Koleton Daley doesn't understand how a real estate agent works. He has turned his personal vendetta on our property management division over to me personally. Even though, I have never worked with him, advised him or even spoken to him on the phone. I, like every other real estate agent on the planet will take some listings in areas that aren't the most desirable to help investors out of bad situations. When I list a property, I represent the seller as I am sure you know. Mr. Daley pops off at the mouth at every chance he can get since he had a bad experience with our property management division at CrestCore. Which, for the record, they tried to make right for him. What Mr. Daley fails to understand is that I am not in property management. I'm over our brokerage which is a completely separate division and I will often list homes in the northwest corner of 38127 known as Northaven to help investors get out of bad situations where they have been taken advantage of. Sometimes, investors like to take chances in this area because the homes will look great on a spreadsheet. And, sometimes, they can make it work. Those are the investors that will come and buy those homes. What Mr. Daley fails to understand is that I don't represent buyers in this area unless they force me to help them. I apologize to you personally for this behavior on this site. I have never worked with him at all and yet he continues this onslaught of slander towards me and my personal business because he had a bad experience with CrestCore property management. As long as Mr. Daley continues to try and slander me and my integrity, I will continue to defend my self and how I run my brokerage business at every post he makes about me personally

@Svetlana Helms You should be able to find those types of returns on Memphis. Especially if you can find some 6-8 unit properties in the Midtown, Cooper Young, Crosstown areas. We don't have a ton of 6-8 unit options in Memphis in desirable areas but they are out there if you do some digging. I have also heard that Kansas City and Birmingham Alabama have some options that are similar to your criteria as well. Best of luck to you and I'm happy to answer any of your questions you may have based off of my own personal investing in Memphis. 

@Ben Roberts

Am I on your wholesale list? If not, please PM so we can connect. I would love to be on your list. 

@Koleton Daley

I don't mind you being critical towards me if I deserved it (Although we have never met and I have never closed a deal with you or even spoken to you over the phone) but I do wish you would at least get your facts straight and know what you are talking about before you start putting my name in your mouth. 

5257 Braden Dr Memphis, Tn 38127 was a listing of mine where I was hired to help an owner out of a really bad situation. I represented the seller in this transaction and the buyer had their own representation (Buyers Agent) on the deal. I was never asked my opinion since the buyer and myself never came in contact nor would it be ethical for me to provide my opinion since the buyer had their own agent. 

Either way, my original statement and opinion on 38127 and the far Northwest areas of 38127/Northaven are some of the worst areas of Memphis to invest in. I will always try my best to help investors get out of a bad situation no matter where the house might be. I have sold several homes in this area to help investors so you might find me on more transactions in this area. 

Lastly, I am not sure why you are attacking me on this website. You and I have never met, I have never spoken to you and therefore would appreciate you leaving my name out of your mouth and off your posts on this website. Im not an employee of CrestCore, Im not involved in any other department other than our brokerage department at CrestCore and the brokerage has never been affiliated with you or your company in any way. 

Thank you, sir and have a good evening. 

@Thomas Pae

In my opinion, Memphis is still a great place to find deals. I have been able to come across them frequently to build my portfolio. One thing you have to make sure of is that you trust your property source. Whether that be an agent, a wholesaler or whoever sources property for you. One area that I know is a real  "No No" for investors that know what they are doing is Northaven. That is the 38127 zip code in the far Northwest corner. That area is notorious for being extremely difficult to own in. There is extreme high turnover in this area and very low community pride. I would encourage you to stay away from this area specifically so you can avoid those types of issues. There are several other areas like this in Memphis but the Northwest corner of 38127 is one of the worst. 

Best of luck to you in Memphis!

@Chino Perez

If it were me, I would not buy houses in Northaven or the northwest corner of 38127. This is "Fools Gold".  Some investors buy in these areas because they trust the wrong property source. They get caught up in what the house looks like on their spreadsheet and they get taken for a long ride. A ride that usually costs them money and leaves a bad taste in their mouth about Memphis. So, be sure to trust your property source. 

@Ben Roberts

There aren't many duplexes in 38115 that are going to be valued at $140,000. In fact, unless you are in Midtown, there likely aren't very many duplexes at all in Memphis valued at $140,000. 

Memphis has some really nice cash flowing options. As long as you "buy right", there are several areas that I have had success within my portfolio of homes. Just know that values and desirability can change from street to street in Memphis. Be very careful and trust your property source. 

@Jeff P.

I still believe it is a case by case basis but there is a ton of development over by the Stax Museum. I will still classify this as an up and coming market. Just be careful on your source of property. That matters here in our market

@Chris Hutchens

I am having some solid success with my rentals in Memphis. I am finding solid tenants with the proper vetting and it usually takes about 21-30 days to find a solid tenant. Be careful of your source for properties. Memphis can change values from street to street in some zip codes. You are also correct on appreciation. Cash flow is what you should focus on if you decide to come to Memphis.

Best of Luck to you!

Building up your portfolio takes A LONG TIME to accomplish.

What if there's a shortcut to cash flow and financial freedom?

Would you take it?

Great news! We are selling 21 houses in Memphis that will surely change your real estate investing game.

See pictures for the details and prices. WE ARE ONLY SELLING THESE PROPERTIES AS A PACKAGE.

Email us today at [email protected]