All Forum Posts by: Deniz Mcdaniel
Deniz Mcdaniel has started 59 posts and replied 78 times.
Post: Need 5 homes to purchase in Memphis Area ASAP. Cash buyer!
- Wholesaler
- Memphis, TN
- Posts 89
- Votes 16
I have TONS of properties right now. Lets get together.
Post: KILLER Package Deal!!!
- Wholesaler
- Memphis, TN
- Posts 89
- Votes 16
22 condo package in Memphis TN. Purchase price is $395,000
16.02% CURRENT CASH ON CASH RETURN WITH 4 VACANT
20.02% CASH ON CASH RETURN AT 100% OCCUPANCY
| ANNUAL RENT | HOA FEES | MAINTENANCE | PROPERTY | TAX | INSURANCE | TOTALS | |
| AT 5% | CITY | COUNTY | |||||
| $5,820.00 | $420.00 | $291.00 | $132.60 | $302.40 | $210.00 | $4,464.00 | |
| $4,620.00 | $420.00 | $231.00 | $187.67 | $241.22 | $210.00 | $3,330.11 | |
| $6,300.00 | $420.00 | $315.00 | $235.29 | $302.40 | $210.00 | $4,817.31 | |
| $5,640.00 | $420.00 | $282.00 | $212.16 | $271.69 | $210.00 | $4,244.15 | |
| $- | $420.00 | $- | $212.16 | $272.69 | $210.00 | $(1,114.85) | |
| $4,620.00 | $420.00 | $231.00 | $187.68 | $241.22 | $210.00 | $3,330.10 | |
| $4,620.00 | $420.00 | $231.00 | $187.68 | $241.22 | $210.00 | $3,330.10 | |
| $4,620.00 | $420.00 | $231.00 | $187.68 | $241.22 | $210.00 | $3,330.10 | |
| $5,820.00 | $420.00 | $291.00 | $212.16 | $272.69 | $210.00 | $4,414.15 | |
| $5,820.00 | $420.00 | $291.00 | $212.16 | $272.69 | $210.00 | $4,414.15 | |
| $5,820.00 | $420.00 | $291.00 | $212.16 | $272.69 | $210.00 | $4,414.15 | |
| $- | $420.00 | $- | $212.16 | $272.69 | $210.00 | $(1,114.85) | |
| $- | $420.00 | $- | $187.67 | $241.22 | $210.00 | $(1,058.89) | |
| $5,640.00 | $420.00 | $282.00 | $212.16 | $272.69 | $210.00 | $4,243.15 | |
| $5,640.00 | $420.00 | $282.00 | $212.16 | $272.69 | $210.00 | $4,243.15 | |
| $3,720.00 | $420.00 | $186.00 | $187.68 | $242.22 | $210.00 | $2,474.10 | |
| $4,620.00 | $420.00 | $231.00 | $187.68 | $242.22 | $210.00 | $3,329.10 | |
| $3,900.00 | $420.00 | $195.00 | $187.68 | $242.22 | $210.00 | $2,645.10 | |
| $- | $420.00 | $- | $187.68 | $242.22 | $210.00 | $(1,059.90) | |
| $4,620.00 | $420.00 | $231.00 | $187.68 | $242.22 | $210.00 | $3,329.10 | |
| $4,620.00 | $420.00 | $231.00 | $187.68 | $242.22 | $210.00 | $3,329.10 | |
| $5,340.00 | $420.00 | $267.00 | $212.69 | $272.69 | $210.00 | $3,957.62 | |
| $- | |||||||
| $91,800.00 | $9,240.00 | $4,590.00 | $4,342.32 | $5,717.43 | $4,620.00 | $63,290.25 |
Cell- 903-372-7444
email- [email protected]
Serious buyers only.
Post: Sec 8 package for sale
- Wholesaler
- Memphis, TN
- Posts 89
- Votes 16
I have a package of 19 properties that are all rented out as Sec 8. Gross annual rents are $148,452 and asking price is $710,000.
If interested please either PM me or email me at [email protected].
Post: Memphis Turnkey With Equity $1295mo
- Wholesaler
- Memphis, TN
- Posts 89
- Votes 16
Still Available?
Post: Tennessee investor looking into Memphis Real Estate
- Wholesaler
- Memphis, TN
- Posts 89
- Votes 16
@curt Davis
The longest I've held a cheap home is 7 years... Now this home is in Texas, while not exactly the same, the main point I was trying to get at is if you find a good enough deal you can put up with more of a hassle in certain situations. I completely agree that being local is much better. I just personally don't write off deals that maybe other people will. Everyone is different in their investment styles, so I like to be cautious when telling people to stay away from a certain product or investment. Just my 2 cents worth. YMMV
Post: Tennessee investor looking into Memphis Real Estate
- Wholesaler
- Memphis, TN
- Posts 89
- Votes 16
I don't fully agree. if you screen your Tennant's well, and have your checks and balances in place... Even the cheaper homes in Memphis can be a good start to an investment portfolio.
A good deal is a good deal. Whether it is a "cheap" deal is really relative. It all depends on what your appetite is. To me, I can stomach a "cheap" deal all day long if the returns are where I want them to be.
Post: ***ONLY 12,000 and you are IN!! GREAT FIRST DEAL!! Memphis TN***
- Wholesaler
- Memphis, TN
- Posts 89
- Votes 16
Originally posted by @Scott Cook:
Do you have a mgmt company there that you trust? You know what I'm looking for, market rents, market sales prices, property tax rate, contractor to give me a bid on work, etc. I'm good with an 8% return if I hold it, or if I can flip it and make a little that's fine too.
I am emailing you the Proforma on the property.
COC ROI- 19.96%
CAP RATE- 29.93%
This is running the numbers conservatively as well... I always like to leave room for error.
Post: ***ONLY 12,000 and you are IN!! GREAT FIRST DEAL!! Memphis TN***
- Wholesaler
- Memphis, TN
- Posts 89
- Votes 16
Contact me Directly at 903-372-7444 or @ [email protected]
This is a great deal in the 38107 area of Memphis.
Currently rented- Tenant will vacate after purchase.
New plumbing, New Heat, Plaster walls, Tile Bathroom!
Needs trim work, and Paint.
$12,000
Will rent for $450- $500
WILL NOT LAST LONG!!!!
Post: AMAZING MEMPHIS DEAL JUST IN TIME FOR CHRISTMAS!!!!
- Wholesaler
- Memphis, TN
- Posts 89
- Votes 16
Will do James! Are you interested in this property?
Post: AMAZING MEMPHIS DEAL JUST IN TIME FOR CHRISTMAS!!!!
- Wholesaler
- Memphis, TN
- Posts 89
- Votes 16
HOUSE IS CURRENTLY OCCUPIED PLEASE DO NOT DISTURB TENANT!
Please Contact me directly at [email protected] or 903-372-7444
Roof replaced around 7 years ago, spacious fenced back yard good neighborhood.
Needs cosmetic updating... Carpeting, flooring, paint, appliance updating etc...
No major repairs that we could find ( I am not a contractor, just giving the best assessment by looking with my own eyes.)
Asking price - 85k
Repairs - 10k - 15k
ARV - 110k-115k
Let me know if you have any questions...