All Forum Posts by: Douglas Skipworth

Is there an agreed upon definition of "turnkey?" Here's how @Dean Harris defines it.

If you're wondering what is selling in Memphis today, watch this episode of the Investor's Guide to Memphis Real Estate.  You'll be surprised.

Are you seeing 1% rule properties for sale in your market?  We're seeing them in Memphis! 

If you're looking to buy a 1%'er, let me know and I'll connect you directly with @Dean Harris.

Here's @Dean Harris' deal of the week.  This buy and hold house is in great shape!

If you're looking for properties, don't rule out obvious sources like Zillow and Realtor. com. I just found a great buy and hold BRRRR deal on Zillow last month!

Last month, I closed on a buy and hold house in Memphis, which turned into a fix and flip, where the purchase price was 47%-ish of the MLS list price. Clearly, the seller was motivated!

What is the biggest discount you've gotten on an MLS-listed property (ie, closed priced to asking price)?

Are you looking to buy and hold in Memphis?  Here's what's working in our market right now. 

How do you measure your buy and hold investing experience? In years? In number of units? In $? I like measuring it this way.

Are you still buying right now?  We are in Memphis!

What's the highest interest rate you've paid on a long-term loan?  My first two loans on investment properties in Memphis were with Regions Bank at 8.5% and 8.8% (both on 20-year amortizations).