All Forum Posts by: Jason Hopkins

All,

Please see details regarding this off market deal. 

Thanks

3 bedrooms 1 bath SFR

1,276 sq ft

Built in 1941

Yearly taxes $701

Estimated repairs $10,000. HVAC, flooring, drywall repair, window repair power wash outside of property, repair wood trim on outside of property, paint interior and exterior, clean yard, final clean, kitchen counter tops, change locks, hardware, inspect plumbing, gas, electrical and bring up to code, blinds, repair leaks in roof)

Cash asking price $10,000

Market Rent $675

Click link for photos

https://drive.google.com/drive/folders/0B32N7BR1o7--LXcwd3k3RVdpbU0?usp=sharing

*Disclaimer and Terms*

This property is a off market wholesale deal that can be bought with cash only. I have the property under contract to purchase for cash and selling my position as the current buyer via a assignment agreement.

2491 Malone Ave. Memphis, TN. 38114

3 bedrooms 1 bath

1,442 sq ft

Built in 1941

Yearly taxes $717

Estimated repairs $1,500. Detached garage roof needs repair.

Cash asking price $25,000

ARV $40,000

Market Rent $675

Has Central Heat and window unit for AC (AC condenser can be added for an additional 1,500 to asking price)

Currently rented on a year to year lease

Tenants have been in place for 6 months paying $550 per month

Click link for photos

https://drive.google.com/drive/folders/0B32N7BR1o7--M04tTGwybjRFelk?usp=sharing

*Disclaimer and Terms*

This property is a off market wholesale deal that can be bought with cash only. I have the property under contract to purchase for cash and selling my position as the current buyer via a assignment agreement.

Terrell Turner with Veracity Home Inspections.

Hello,

Please let me know if you are interested in this deal. 

Thanks

3 bedrooms 1 bath brick

1,012 sq ft

Built in 1972

Yearly taxes $908

Estimated repairs $15,000. HVAC, hot water tank, flooring, drywall repair, power wash outside of property, repair wood trim on outside of property, paint interior and exterior, clean yard, final clean, replace kitchen counter tops, change locks, hardware, repair plumbing,  inspect gas and electrical and bring up to code, blinds, new sink, vanity and toilet in bathroom,**Roof needs some shingles replaced, could last another 3-5 years.  Or replace for $3500 to $3,800)

Cash asking price $25,500

ARV $60,000

Rent Rate For Area $750

Click both links for detailed pictures

https://drive.google.com/drive/folders/0B32N7BR1o7--LVdvbE5WLVhIM3c?usp=sharing

*Disclaimer and Terms*

This property is a off market wholesale deal that can be bought with cash only. I have the property under contract to purchase for cash and selling my position as the current buyer via a assignment agreement.

@Jacob Caddick  Sorry, this deal is no longer available. 

Hello,

Please let me know if you are interested in this deal.

Thanks

3174 Crump Ave. Memphis, TN. 38112

3 bedrooms 2 bath brick

1,693 sq ft

Built in 1951

Yearly taxes $576.92

Walk in laundry room

Large bedrooms

Updated electrical has been done

Updated plumbing is about 85% complete.

Estimated repairs $7000. AC Unit, hot water tank, remove tree stump in front yard, drywall repair, paint, blinds, stain wood flooring, ceramic or vinyl flooring in bathrooms and laundry room, clean yard, final clean, window repair, new sink, kitchen counter tops, change locks, hardware, security doors,vanity,light fixtures, and toilet in bathrooms,)

Cash asking price $15,000

ARV $40,000

Rent Rate For Area $650-$700

Click both links for detailed pictures

https://www.youtube.com/watch?v=4U4vB3toWo8

https://drive.google.com/drive/folders/0B32N7BR1o7--LWVETnJmd0JGR2M?usp=sharing

*Disclaimer and Terms*

This property is a off market wholesale deal that can be bought with cash only. I have the property under contract to purchase for cash and selling my position as the current buyer via a assignment agreement.

@Andrew Fox Jr

@Verna Littleton can you please send me the information as well?

@Jeff Tropeano I want to give you some advise from someone who actually lives and invest in Memphis. You don't list the address but be careful when looking at 38128, the area is shaky especially for an out of town investor. I also think a 14% management fee is too high, your boots on the group should run you around 10-12% in my opinion. Besides that the number one reason why should walk away for this deal is because it is a 2 bedroom. You should always look for a SFR with at least 3 bedrooms.

@Daniel Bihari  This one needs 8K-12K in repairs.